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

StockNews.com began coverage on shares of Rocky Mountain Chocolate Factory (NASDAQ:RMCF) in a research note published on Sunday morning. The firm issued a hold rating on the stock.

Rocky Mountain Chocolate Factory Trading Up 4.1 %

NASDAQ:RMCF opened at $2.78 on Friday. The business’s 50-day moving average is $2.65 and its 200 day moving average is $2.22. Rocky Mountain Chocolate Factory has a 12 month low of $1.50 and a 12 month high of $5.15.

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

Insider Buying and Selling at Rocky Mountain Chocolate Factory

In related news, major shareholder Global Value Investment Corp. acquired 330,743 shares of the stock in a transaction dated Wednesday, October 23rd. The stock was acquired at an average cost of $2.70 per share, with a total value of $893,006.10. Following the purchase, the insider now directly owns 1,643,412 shares of the company’s stock, valued at approximately $4,437,212.40. This trade represents a 25.20 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Jeffrey Richart Geygan bought 11,935 shares of the company’s stock in a transaction dated Thursday, October 24th. The stock was bought at an average price of $2.60 per share, with a total value of $31,031.00. Following the acquisition, the chief executive officer now owns 168,719 shares in the company, valued at approximately $438,669.40. This trade represents a 7.61 % increase in their position. The disclosure for this purchase can be found here. Insiders acquired 424,094 shares of company stock worth $1,137,016 over the last 90 days. 20.80% of the stock is owned by insiders.

Institutional Inflows and Outflows

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

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.