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

Equities researchers at StockNews.com initiated coverage on shares of Rocky Mountain Chocolate Factory (NASDAQ:RMCF) in a research note issued on Monday. The brokerage set a “hold” rating on the stock.

Rocky Mountain Chocolate Factory Stock Performance

NASDAQ:RMCF opened at $1.88 on Monday. The firm’s 50-day moving average is $1.84 and its 200-day moving average is $2.67. The company has a market cap of $11.92 million, a price-to-earnings ratio of -2.76 and a beta of 1.04. Rocky Mountain Chocolate Factory has a 52-week low of $1.50 and a 52-week high of $5.15.

Rocky Mountain Chocolate Factory (NASDAQ:RMCF) last released its earnings results on Monday, July 15th. The company reported ($0.26) earnings per share for the quarter. The firm had revenue of $6.41 million for the quarter. Rocky Mountain Chocolate Factory had a negative return on equity of 44.70% and a negative net margin of 17.93%.

Hedge Funds Weigh In On Rocky Mountain Chocolate Factory

A number of hedge funds have recently made changes to their positions in the business. Salvus Wealth Management LLC increased its holdings in shares of Rocky Mountain Chocolate Factory by 33.5% during the first quarter. Salvus Wealth Management LLC now owns 15,395 shares of the company’s stock worth $56,000 after buying an additional 3,865 shares in the last quarter. Leverty Financial Group LLC boosted its holdings in Rocky Mountain Chocolate Factory by 52.0% in the second quarter. Leverty Financial Group LLC now owns 30,521 shares of the company’s stock valued at $67,000 after acquiring an additional 10,440 shares during the last quarter. Finally, Sanctuary Advisors LLC acquired a new stake in shares of Rocky Mountain Chocolate Factory during the 2nd quarter worth approximately $43,000. Institutional investors and hedge funds 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.