Research analysts at StockNews.com assumed coverage on shares of Rocky Mountain Chocolate Factory (NASDAQ:RMCF – Get Free Report) in a research note issued to investors on Tuesday. The brokerage set a “hold” rating on the stock.
Rocky Mountain Chocolate Factory Stock Performance
Shares of NASDAQ:RMCF opened at $5.07 on Tuesday. Rocky Mountain Chocolate Factory has a fifty-two week low of $4.77 and a fifty-two week high of $6.98. The company’s 50-day moving average is $5.48 and its 200 day moving average is $5.33. The company has a market capitalization of $31.89 million, a P/E ratio of -4.97 and a beta of 1.00.
Rocky Mountain Chocolate Factory (NASDAQ:RMCF – Get Free Report) last released its quarterly earnings results on Thursday, July 13th. The company reported ($0.24) earnings per share for the quarter. Rocky Mountain Chocolate Factory had a negative return on equity of 15.71% and a negative net margin of 20.23%. The firm had revenue of $6.44 million during the quarter.
Insiders Place Their Bets
Institutional Investors Weigh In On Rocky Mountain Chocolate Factory
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. increased its stake in shares of Rocky Mountain Chocolate Factory by 20.2% in the second quarter. BlackRock Inc. now owns 13,005 shares of the company’s stock worth $70,000 after purchasing an additional 2,182 shares in the last quarter. Renaissance Technologies LLC raised its holdings in Rocky Mountain Chocolate Factory by 2.1% during the first quarter. Renaissance Technologies LLC now owns 363,263 shares of the company’s stock valued at $1,925,000 after acquiring an additional 7,300 shares during the period. Finally, Citadel Advisors LLC purchased a new position in shares of Rocky Mountain Chocolate Factory in the third quarter valued at about $62,000. 44.44% of the stock is owned by hedge funds and other institutional investors.
About Rocky Mountain Chocolate Factory
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.
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