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

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

Rocky Mountain Chocolate Factory Price Performance

RMCF stock opened at $2.68 on Friday. Rocky Mountain Chocolate Factory has a twelve month low of $1.50 and a twelve month high of $5.15. The business’s fifty day moving average is $2.19 and its 200-day moving average is $2.34.

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

Insider Activity at Rocky Mountain Chocolate Factory

In other news, CEO Jeffrey Richart Geygan bought 11,935 shares of the business’s stock in a transaction on Thursday, October 24th. The shares were bought at an average cost of $2.60 per share, for a total transaction of $31,031.00. Following the completion of the acquisition, the chief executive officer now owns 168,719 shares in the company, valued at approximately $438,669.40. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Rocky Mountain Chocolate Factory news, major shareholder Global Value Investment Corp. bought 42,063 shares of the stock in a transaction that occurred on Tuesday, October 29th. The stock was acquired at an average cost of $2.89 per share, with a total value of $121,562.07. Following the purchase, the insider now owns 1,880,737 shares in the company, valued at $5,435,329.93. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jeffrey Richart Geygan bought 11,935 shares of the company’s stock in a transaction on Thursday, October 24th. The shares were bought at an average price of $2.60 per share, for a total transaction of $31,031.00. Following the completion of the acquisition, the chief executive officer now directly owns 168,719 shares in the company, valued at approximately $438,669.40. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 424,094 shares of company stock worth $1,137,016. 20.80% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Rocky Mountain Chocolate Factory

An institutional investor recently raised its position in Rocky Mountain Chocolate Factory stock. Leverty Financial Group LLC increased its stake in Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) by 52.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 30,521 shares of the company’s stock after purchasing an additional 10,440 shares during the period. Leverty Financial Group LLC owned approximately 0.48% of Rocky Mountain Chocolate Factory worth $67,000 as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 50.27% 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.