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

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

Rocky Mountain Chocolate Factory Price Performance

Shares of NASDAQ:RMCF opened at $2.73 on Friday. The firm has a fifty day simple moving average of $2.65 and a two-hundred day simple moving average of $2.23. Rocky Mountain Chocolate Factory has a 52 week low of $1.50 and a 52 week high of $5.15.

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

Insider Activity at Rocky Mountain Chocolate Factory

In other Rocky Mountain Chocolate Factory news, CEO Jeffrey Richart Geygan purchased 11,935 shares of Rocky Mountain Chocolate Factory stock in a transaction dated Thursday, October 24th. The shares were purchased at an average cost 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 in the company, valued at $438,669.40. This represents a 7.61 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, major shareholder Global Value Investment Corp. bought 330,743 shares of the stock in a transaction dated Wednesday, October 23rd. The shares were bought at an average cost of $2.70 per share, with a total value of $893,006.10. Following the completion of 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 position. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 424,094 shares of company stock worth $1,137,016. Company insiders own 20.80% of the company’s stock.

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 stake in shares of Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) by 32.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm 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 as of its most recent filing with the Securities & Exchange Commission. 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.