Rocky Mountain Chocolate Factory (NASDAQ:RMCF) Coverage Initiated by Analysts at StockNews.com

StockNews.com assumed coverage on shares of Rocky Mountain Chocolate Factory (NASDAQ:RMCFGet Rating) in a report issued on Monday morning. The firm issued a hold rating on the stock.

Shares of RMCF stock opened at $6.80 on Monday. The stock’s 50-day simple moving average is $7.79 and its 200-day simple moving average is $8.11. The firm has a market capitalization of $42.02 million, a price-to-earnings ratio of 29.57 and a beta of 1.12. Rocky Mountain Chocolate Factory has a fifty-two week low of $5.25 and a fifty-two week high of $10.36.

Rocky Mountain Chocolate Factory (NASDAQ:RMCFGet Rating) last issued its earnings results on Thursday, January 13th. The company reported $0.04 EPS for the quarter. The firm had revenue of $8.51 million for the quarter. Rocky Mountain Chocolate Factory had a return on equity of 16.57% and a net margin of 4.55%.

In other news, VP Ryan R. Mcgrath sold 4,464 shares of the firm’s stock in a transaction that occurred on Monday, January 31st. The shares were sold at an average price of $7.81, for a total transaction of $34,863.84. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Bryan J. Merryman sold 27,394 shares of the firm’s stock in a transaction that occurred on Wednesday, February 9th. The stock was sold at an average price of $8.06, for a total transaction of $220,795.64. The disclosure for this sale can be found here. In the last ninety days, insiders have bought 18,872 shares of company stock worth $149,453 and have sold 33,858 shares worth $271,539. 18.60% of the stock is owned by company insiders.

Large investors have recently made changes to their positions in the company. Morgan Stanley lifted its position in shares of Rocky Mountain Chocolate Factory by 35.7% during the 1st quarter. Morgan Stanley now owns 11,400 shares of the company’s stock valued at $60,000 after buying an additional 3,000 shares in the last quarter. Geode Capital Management LLC purchased a new position in shares of Rocky Mountain Chocolate Factory during the 3rd quarter valued at approximately $100,000. Ridgewood Investments LLC purchased a new position in shares of Rocky Mountain Chocolate Factory during the 1st quarter valued at approximately $215,000. Finally, Redmond Asset Management LLC lifted its position in shares of Rocky Mountain Chocolate Factory by 132.4% during the 4th quarter. Redmond Asset Management LLC now owns 146,118 shares of the company’s stock valued at $1,145,000 after buying an additional 83,247 shares in the last quarter. Hedge funds and other institutional investors own 52.48% of the company’s stock.

About Rocky Mountain Chocolate Factory (Get Rating)

Rocky Mountain Chocolate Factory, Inc, together with its subsidiaries, operates as a confectionery franchisor, manufacturer, and retail operator. It operates through five segments: Franchising, Manufacturing, Retail Stores, U-Swirl Operations, and Other. The company produces approximately 450 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.

Featured Articles

Receive News & Ratings for Rocky Mountain Chocolate Factory Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rocky Mountain Chocolate Factory and related companies with MarketBeat.com's FREE daily email newsletter.