StockNews.com Begins Coverage on Rocky Mountain Chocolate Factory (NASDAQ:RMCF)

Analysts at StockNews.com started coverage on shares of Rocky Mountain Chocolate Factory (NASDAQ:RMCF) in a report released on Monday. The firm set a “hold” rating on the stock.

Rocky Mountain Chocolate Factory Price Performance

Rocky Mountain Chocolate Factory stock opened at $2.67 on Monday. The company’s fifty day moving average price is $2.29 and its 200 day moving average price is $2.30. Rocky Mountain Chocolate Factory has a 1 year low of $1.50 and a 1 year high of $5.15.

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

Insiders Place Their Bets

In other Rocky Mountain Chocolate Factory news, CEO Jeffrey Richart Geygan bought 11,935 shares of Rocky Mountain Chocolate Factory stock in a transaction dated Thursday, October 24th. The stock was acquired at an average cost of $2.60 per share, for a total transaction of $31,031.00. Following the completion of the transaction, the chief executive officer now directly owns 168,719 shares of the company’s stock, valued at approximately $438,669.40. This represents a 7.61 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Global Value Investment Corp. purchased 330,743 shares of the stock in a transaction that occurred on Wednesday, October 23rd. The shares were acquired at an average price of $2.70 per share, for a total transaction of $893,006.10. Following the completion of the transaction, the insider now directly owns 1,643,412 shares of the company’s stock, valued at $4,437,212.40. The trade was a 25.20 % increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders bought 424,094 shares of company stock worth $1,137,016. Corporate insiders own 20.80% of the company’s stock.

Institutional Trading of Rocky Mountain Chocolate Factory

An institutional investor recently bought a new position in Rocky Mountain Chocolate Factory stock. Sanctuary Advisors LLC purchased a new stake in Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 19,750 shares of the company’s stock, valued at approximately $43,000. Sanctuary Advisors LLC owned about 0.31% of Rocky Mountain Chocolate Factory as of its most recent filing with the Securities and Exchange Commission (SEC). 50.27% of the stock is owned by institutional investors and hedge funds.

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.