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 released on Wednesday morning. The brokerage issued a hold rating on the stock.

Rocky Mountain Chocolate Factory Stock Performance

NASDAQ:RMCF opened at $2.96 on Wednesday. Rocky Mountain Chocolate Factory has a 52 week low of $1.50 and a 52 week high of $5.15. The stock’s 50 day moving average price is $2.53 and its 200 day moving average price is $2.26.

Rocky Mountain Chocolate Factory (NASDAQ:RMCF) last announced its quarterly earnings results on Tuesday, October 15th. The company reported ($0.11) earnings per share for the quarter. The company 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%.

Insiders Place Their Bets

In related news, CEO Jeffrey Richart Geygan purchased 11,935 shares of the firm’s stock in a transaction on Thursday, October 24th. The shares were bought at an average cost of $2.60 per share, for a total transaction of $31,031.00. Following the transaction, the chief executive officer now directly owns 168,719 shares of the company’s stock, valued at approximately $438,669.40. This trade represents a 7.61 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, major shareholder Global Value Investment Corp. acquired 42,063 shares of the business’s stock in a transaction dated Tuesday, October 29th. The shares were bought at an average cost of $2.89 per share, with a total value of $121,562.07. Following the transaction, the insider now directly owns 1,880,737 shares of the company’s stock, valued at $5,435,329.93. The trade was a 2.29 % increase in their position. The disclosure for this purchase can be found here. Insiders bought a total of 424,094 shares of company stock valued at $1,137,016 in the last quarter. Insiders own 20.80% of the company’s stock.

Hedge Funds Weigh In On Rocky Mountain Chocolate Factory

A hedge fund recently bought a new stake 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 its most recent disclosure with the Securities & Exchange Commission. 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 at the end of the most recent reporting period. 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.