23,500 Shares in Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) Acquired by Allworth Financial LP

Allworth Financial LP acquired a new stake in shares of Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 23,500 shares of the company’s stock, valued at approximately $32,000. Allworth Financial LP owned 0.31% of Rocky Mountain Chocolate Factory at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in RMCF. 4WEALTH Advisors Inc. bought a new stake in Rocky Mountain Chocolate Factory in the fourth quarter valued at $225,000. Wealthedge Investment Advisors LLC acquired a new stake in shares of Rocky Mountain Chocolate Factory in the 4th quarter worth about $95,000. Finally, CacheTech Inc. acquired a new stake in shares of Rocky Mountain Chocolate Factory in the 4th quarter worth about $43,000. 50.27% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, Wall Street Zen assumed coverage on shares of Rocky Mountain Chocolate Factory in a research report on Wednesday, May 21st. They issued a “hold” rating for the company.

Rocky Mountain Chocolate Factory Stock Performance

Shares of NASDAQ RMCF opened at $1.79 on Friday. Rocky Mountain Chocolate Factory, Inc. has a 12-month low of $1.12 and a 12-month high of $3.49. The company has a market cap of $13.94 million, a PE ratio of -2.84 and a beta of 1.01. The stock has a 50 day simple moving average of $1.39 and a 200-day simple moving average of $1.56. The company has a current ratio of 1.36, a quick ratio of 0.67 and a debt-to-equity ratio of 0.89.

Rocky Mountain Chocolate Factory (NASDAQ:RMCF) last announced its quarterly earnings results on Tuesday, July 15th. The company reported ($0.04) earnings per share (EPS) for the quarter. Rocky Mountain Chocolate Factory had a negative return on equity of 56.22% and a negative net margin of 16.21%. The business had revenue of $6.37 million for the quarter.

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.