Rocky Mountain Chocolate Factory (NASDAQ:RMCF) Receives New Coverage from Analysts at StockNews.com

StockNews.com initiated coverage on shares of Rocky Mountain Chocolate Factory (NASDAQ:RMCF) in a research note published on Friday morning. The firm issued a hold rating on the stock.

Rocky Mountain Chocolate Factory Trading Up 14.8 %

NASDAQ:RMCF opened at $3.18 on Friday. Rocky Mountain Chocolate Factory has a 12 month low of $1.50 and a 12 month high of $5.15. The firm has a fifty day simple moving average of $2.00 and a 200-day simple moving average of $2.42.

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

Insider Activity at Rocky Mountain Chocolate Factory

In other Rocky Mountain Chocolate Factory news, major shareholder Global Value Investment Corp. bought 330,743 shares of the firm’s stock in a transaction that occurred on Wednesday, October 23rd. The stock was bought at an average cost of $2.70 per share, for a total transaction of $893,006.10. Following the completion of the transaction, the insider now directly owns 1,643,412 shares of the company’s stock, valued at approximately $4,437,212.40. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, CEO Jeffrey Richart Geygan acquired 11,935 shares of the firm’s stock in a transaction on Thursday, October 24th. The stock was acquired at an average price of $2.60 per share, for a total transaction of $31,031.00. Following the completion of the transaction, the chief executive officer now owns 168,719 shares in the company, valued at approximately $438,669.40. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Global Value Investment Corp. acquired 330,743 shares of the firm’s stock in a transaction on Wednesday, October 23rd. The stock was purchased at an average price of $2.70 per share, with a total value of $893,006.10. Following the transaction, the insider now owns 1,643,412 shares of the company’s stock, valued at approximately $4,437,212.40. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders acquired 375,787 shares of company stock worth $996,784 over the last three months. Company insiders own 20.80% of the company’s stock.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Rocky Mountain Chocolate Factory stock. Sanctuary Advisors LLC acquired a new position in Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 19,750 shares of the company’s stock, valued at approximately $43,000. Sanctuary Advisors LLC owned 0.31% of Rocky Mountain Chocolate Factory as of its most recent filing with the Securities & Exchange Commission. 50.27% of the stock is currently owned by hedge funds and other institutional investors.

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.