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

Investment analysts at StockNews.com began coverage on shares of Rocky Mountain Chocolate Factory (NASDAQ:RMCF) in a research report issued to clients and investors on Monday. The firm set a “hold” rating on the stock.

Rocky Mountain Chocolate Factory Stock Performance

RMCF stock opened at $2.83 on Monday. Rocky Mountain Chocolate Factory has a 1-year low of $1.50 and a 1-year high of $4.95. The business has a fifty day moving average price of $2.66 and a 200-day moving average price of $2.24.

Rocky Mountain Chocolate Factory (NASDAQ:RMCF) last issued its earnings results on Tuesday, October 15th. The company reported ($0.11) earnings per share for the quarter. The business had revenue of $6.38 million during 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

In other Rocky Mountain Chocolate Factory news, CEO Jeffrey Richart Geygan purchased 11,935 shares of the company’s stock in a transaction dated Thursday, October 24th. The shares were acquired at an average price of $2.60 per share, for a total transaction of $31,031.00. Following the purchase, the chief executive officer now directly owns 168,719 shares of the company’s stock, valued at $438,669.40. The trade was a 7.61 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Global Value Investment Corp. acquired 23,700 shares of Rocky Mountain Chocolate Factory stock in a transaction dated Friday, October 18th. The stock was bought at an average price of $2.14 per share, with a total value of $50,718.00. Following the completion of the purchase, the insider now directly owns 1,251,483 shares in the company, valued at $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. Over the last quarter, insiders have purchased 424,094 shares of company stock worth $1,137,016. 20.80% of the stock is owned by insiders.

Hedge Funds Weigh In On Rocky Mountain Chocolate Factory

A hedge fund recently raised its stake in Rocky Mountain Chocolate Factory stock. Leverty Financial Group LLC grew its stake in shares of Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) by 32.3% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 40,371 shares of the company’s stock after buying an additional 9,850 shares during the period. Leverty Financial Group LLC owned 0.64% of Rocky Mountain Chocolate Factory worth $81,000 at the end of the most recent reporting period. Hedge funds and other institutional investors 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.