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

StockNews.com initiated coverage on shares of Rocky Mountain Chocolate Factory (NASDAQ:RMCF) in a report issued on Monday. The brokerage issued a hold rating on the stock.

Rocky Mountain Chocolate Factory Price Performance

Shares of NASDAQ RMCF opened at $2.66 on Monday. The stock has a fifty day simple moving average of $2.31 and a two-hundred day simple moving average of $2.30. Rocky Mountain Chocolate Factory has a 1-year low of $1.50 and a 1-year high of $5.15.

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

Insider Transactions at Rocky Mountain Chocolate Factory

In other Rocky Mountain Chocolate Factory news, major shareholder Global Value Investment Corp. acquired 330,743 shares of the company’s stock in a transaction that occurred on Wednesday, October 23rd. The stock was bought at an average price of $2.70 per share, with a total value of $893,006.10. Following the completion of the purchase, the insider now owns 1,643,412 shares of the company’s stock, valued at approximately $4,437,212.40. This 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 through this link. Also, CEO Jeffrey Richart Geygan bought 11,935 shares of the firm’s stock in a transaction 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 purchase, the chief executive officer now directly owns 168,719 shares in the company, valued at approximately $438,669.40. The trade was a 7.61 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 424,094 shares of company stock valued at $1,137,016. 20.80% of the stock is currently owned by corporate 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 boosted its position in Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) by 32.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 40,371 shares of the company’s stock after acquiring an additional 9,850 shares during the quarter. Leverty Financial Group LLC owned 0.64% of Rocky Mountain Chocolate Factory worth $81,000 as of its most recent filing with the Securities & Exchange Commission. 50.27% of the stock is currently owned by institutional investors and hedge funds.

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.