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

Analysts at StockNews.com initiated coverage on shares of Rocky Mountain Chocolate Factory (NASDAQ:RMCF) in a research report issued to clients and investors on Saturday. The brokerage set a “hold” rating on the stock.

Rocky Mountain Chocolate Factory Stock Performance

NASDAQ RMCF opened at $2.40 on Friday. Rocky Mountain Chocolate Factory has a 52-week low of $1.50 and a 52-week high of $5.15. The company has a 50-day simple moving average of $2.67 and a 200 day simple moving average of $2.23.

Rocky Mountain Chocolate Factory (NASDAQ:RMCF) last issued its quarterly earnings results 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 return on equity of 44.56% and a negative net margin of 17.05%.

Insider Buying and Selling at Rocky Mountain Chocolate Factory

In other Rocky Mountain Chocolate Factory news, CEO Jeffrey Richart Geygan acquired 11,935 shares of Rocky Mountain Chocolate Factory stock in a transaction that occurred on 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 purchase, the chief executive officer now 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 acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Global Value Investment Corp. bought 23,700 shares of the company’s stock in a transaction on Friday, October 18th. The shares were bought at an average price of $2.14 per share, for a total transaction of $50,718.00. Following the transaction, the insider now owns 1,251,483 shares of the company’s stock, valued at approximately $2,678,173.62. This represents a 1.93 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought a total of 424,094 shares of company stock worth $1,137,016 over the last ninety days. 20.80% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Rocky Mountain Chocolate Factory

An institutional investor recently bought a new position in Rocky Mountain Chocolate Factory stock. Sanctuary Advisors LLC bought a new position in Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 19,750 shares of the company’s stock, valued at approximately $43,000. Sanctuary Advisors LLC owned 0.31% of Rocky Mountain Chocolate Factory as of its most recent SEC filing. Hedge funds and other institutional investors own 50.27% of the company’s stock.

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.