Rocky Mountain Chocolate Factory (NASDAQ:RMCF) Releases Earnings Results

Rocky Mountain Chocolate Factory (NASDAQ:RMCF) released its quarterly earnings results on Tuesday. The company reported ($0.02) earnings per share for the quarter, Zacks reports. Rocky Mountain Chocolate Factory had a negative return on equity of 61.05% and a negative net margin of 13.62%.The company had revenue of $7.54 million for the quarter.

Rocky Mountain Chocolate Factory Stock Down 7.0%

Shares of RMCF opened at $1.99 on Thursday. The stock has a fifty day simple moving average of $1.72 and a two-hundred day simple moving average of $1.67. The company has a quick ratio of 0.91, a current ratio of 1.53 and a debt-to-equity ratio of 1.27. The company has a market capitalization of $15.52 million, a PE ratio of -3.83 and a beta of 0.71. Rocky Mountain Chocolate Factory has a 52-week low of $1.12 and a 52-week high of $2.60.

Insider Activity

In other news, major shareholder Global Value Investment Corp. purchased 61,670 shares of the business’s stock in a transaction dated Friday, October 17th. The stock was acquired at an average price of $1.59 per share, for a total transaction of $98,055.30. Following the acquisition, the insider directly owned 1,923,396 shares of the company’s stock, valued at approximately $3,058,199.64. This represents a 3.31% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jeffrey Richart Geygan acquired 61,670 shares of the firm’s stock in a transaction that occurred on Friday, October 17th. The stock was acquired at an average price of $1.59 per share, for a total transaction of $98,055.30. Following the completion of the acquisition, the chief executive officer directly owned 1,744,568 shares of the company’s stock, valued at $2,773,863.12. The trade was a 3.66% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last 90 days, insiders have purchased 228,830 shares of company stock valued at $373,456. 42.20% of the stock is owned by company insiders.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Rocky Mountain Chocolate Factory in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Rocky Mountain Chocolate Factory has a consensus rating of “Sell”.

About Rocky Mountain Chocolate Factory

Rocky Mountain Chocolate Factory, Inc is a specialty chocolate confectionery franchisor and manufacturer headquartered in Durango, Colorado. Established in 1981, the company develops, produces and markets a range of premium chocolate products, including truffles, caramels, toffees, fudge, nuts, dipped fruits and caramel apples. It operates company-owned retail stores as well as a franchised network, supplying handcrafted confections and related gift items through more than 300 retail locations across North America and select international markets.

From its origins as a single store in downtown Durango, Rocky Mountain Chocolate Factory introduced its first franchised outlets in the mid-1980s and completed a public offering in 1985.