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

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

Rocky Mountain Chocolate Factory Stock Down 2.2 %

RMCF stock opened at $2.63 on Monday. Rocky Mountain Chocolate Factory has a fifty-two week low of $1.50 and a fifty-two week high of $4.74. The business has a 50-day moving average of $2.66 and a 200-day moving average of $2.24.

Rocky Mountain Chocolate Factory (NASDAQ:RMCF) last released its quarterly earnings results on Tuesday, January 14th. The company reported ($0.11) earnings per share for 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 other Rocky Mountain Chocolate Factory news, CEO Jeffrey Richart Geygan purchased 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 price of $2.60 per share, for a total transaction of $31,031.00. Following the completion of the acquisition, the chief executive officer now 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 purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder Global Value Investment Corp. acquired 330,743 shares of the business’s 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 completion of the transaction, the insider now owns 1,643,412 shares of the company’s stock, valued at approximately $4,437,212.40. The trade was a 25.20 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired 424,094 shares of company stock valued at $1,137,016 in the last three months. 20.80% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Rocky Mountain Chocolate Factory

A hedge fund recently bought a new stake in Rocky Mountain Chocolate Factory stock. Sanctuary Advisors LLC acquired a new stake in Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 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. 50.27% of the stock is owned by institutional investors.

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.