StockNews.com Begins Coverage on Rocky Mountain Chocolate Factory (NASDAQ:RMCF)

Analysts at StockNews.com started coverage on shares of Rocky Mountain Chocolate Factory (NASDAQ:RMCF) in a research note issued on Thursday. The firm set a “hold” rating on the stock.

Rocky Mountain Chocolate Factory Stock Down 1.1 %

Shares of RMCF opened at $2.73 on Thursday. Rocky Mountain Chocolate Factory has a fifty-two week low of $1.50 and a fifty-two week high of $5.15. The firm’s 50 day moving average price is $2.62 and its 200 day moving average price is $2.25.

Rocky Mountain Chocolate Factory (NASDAQ:RMCF) last posted its quarterly earnings data on Tuesday, October 15th. The company reported ($0.11) earnings per share for the quarter. The company had revenue of $6.38 million for the quarter. Rocky Mountain Chocolate Factory had a negative return on equity of 44.56% and a negative net margin of 17.05%.

Insider Buying and Selling at Rocky Mountain Chocolate Factory

In other news, CEO Jeffrey Richart Geygan acquired 11,935 shares of the company’s stock in a transaction on Thursday, October 24th. The shares were bought at an average cost of $2.60 per share, with a total value of $31,031.00. Following the transaction, the chief executive officer now owns 168,719 shares in the company, valued at approximately $438,669.40. This trade represents a 7.61 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Global Value Investment Corp. acquired 42,063 shares of Rocky Mountain Chocolate Factory stock in a transaction dated Tuesday, October 29th. The stock was purchased at an average price of $2.89 per share, for a total transaction of $121,562.07. Following the completion of the acquisition, the insider now directly owns 1,880,737 shares in the company, valued at approximately $5,435,329.93. This represents a 2.29 % increase in their position. The disclosure for this purchase can be found here. Insiders have purchased 424,094 shares of company stock valued at $1,137,016 in the last quarter. Corporate insiders own 20.80% of the company’s stock.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Rocky Mountain Chocolate Factory stock. Sanctuary Advisors LLC bought a new position in shares of Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 19,750 shares of the company’s stock, valued at approximately $43,000. Sanctuary Advisors LLC owned about 0.31% of Rocky Mountain Chocolate Factory as of its most recent SEC filing. Hedge funds and other institutional investors own 50.27% of the company’s stock.

Rocky Mountain Chocolate Factory Company Profile

Rocky Mountain Chocolate Factory, Inc, together with its subsidiaries, operates as a confectionery franchisor, manufacturer, and retail operator. It operates through Franchising, Manufacturing, Retail Stores, and Other segments. The company produces approximately 400 chocolate candies and other confectionery products, including clusters, caramels, creams, toffees, mints, and truffles; and offers 15 varieties of caramel apples and other products that are prepared in individual stores, as well as provides ice cream, coffee, and other sundries.