Rocky Mountain Chocolate Factory (NASDAQ:RMCF) Earns Hold Rating from Analysts at StockNews.com

Research analysts at StockNews.com began coverage on shares of Rocky Mountain Chocolate Factory (NASDAQ:RMCF) in a report issued on Thursday. The brokerage set a “hold” rating on the stock.

Rocky Mountain Chocolate Factory Price Performance

RMCF opened at $4.11 on Thursday. The firm has a fifty day moving average price of $4.49 and a 200 day moving average price of $5.09. Rocky Mountain Chocolate Factory has a 1 year low of $3.72 and a 1 year high of $6.71. The stock has a market cap of $25.89 million, a P/E ratio of -6.97 and a beta of 0.98.

Rocky Mountain Chocolate Factory (NASDAQ:RMCF) last posted its quarterly earnings data on Wednesday, October 11th. The company reported ($0.16) earnings per share for the quarter. The company had revenue of $6.56 million for the quarter. Rocky Mountain Chocolate Factory had a negative return on equity of 17.60% and a negative net margin of 12.24%.

Insiders Place Their Bets

In related news, major shareholder Global Value Investment Corp. acquired 8,946 shares of Rocky Mountain Chocolate Factory stock in a transaction on Friday, November 3rd. The stock was bought at an average cost of $4.07 per share, for a total transaction of $36,410.22. Following the completion of the transaction, the insider now owns 893,385 shares of the company’s stock, valued at approximately $3,636,076.95. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Rocky Mountain Chocolate Factory news, major shareholder Global Value Investment Corp. purchased 8,946 shares of the firm’s stock in a transaction dated Friday, November 3rd. The shares were purchased at an average cost of $4.07 per share, with a total value of $36,410.22. Following the completion of the purchase, the insider now owns 893,385 shares in the company, valued at approximately $3,636,076.95. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Jeffrey Richart Geygan purchased 12,131 shares of the stock in a transaction that occurred on Thursday, November 2nd. The shares were acquired at an average price of $3.93 per share, for a total transaction of $47,674.83. Following the completion of the transaction, the director now directly owns 846,652 shares of the company’s stock, valued at approximately $3,327,342.36. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 65,385 shares of company stock worth $272,426. Company insiders own 14.87% of the company’s stock.

Institutional Investors Weigh In On Rocky Mountain Chocolate Factory

Several hedge funds and other institutional investors have recently made changes to their positions in RMCF. Citadel Advisors LLC acquired a new stake in Rocky Mountain Chocolate Factory during the third quarter worth $62,000. Renaissance Technologies LLC increased its position in shares of Rocky Mountain Chocolate Factory by 2.1% during the 1st quarter. Renaissance Technologies LLC now owns 363,263 shares of the company’s stock worth $1,925,000 after purchasing an additional 7,300 shares during the last quarter. Finally, BlackRock Inc. increased its position in shares of Rocky Mountain Chocolate Factory by 20.2% during the 2nd quarter. BlackRock Inc. now owns 13,005 shares of the company’s stock worth $70,000 after purchasing an additional 2,182 shares during the last quarter. Institutional investors and hedge funds own 44.44% 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.