Rocky Mountain Chocolate Factory (NASDAQ:RMCF) Research Coverage Started at StockNews.com

Posted by on Aug 12th, 2023

Analysts at StockNews.com began coverage on shares of Rocky Mountain Chocolate Factory (NASDAQ:RMCF – Get Free Report) in a research note issued on Saturday. The brokerage set a “hold” rating on the stock.

Rocky Mountain Chocolate Factory Price Performance

Shares of RMCF opened at $5.70 on Friday. The stock’s 50-day moving average is $5.48 and its two-hundred day moving average is $5.34. The stock has a market cap of $35.87 million, a PE ratio of -5.59 and a beta of 0.98. Rocky Mountain Chocolate Factory has a 12 month low of $4.77 and a 12 month high of $7.29.

Rocky Mountain Chocolate Factory (NASDAQ:RMCF – Get Free Report) last issued its quarterly earnings data on Thursday, July 13th. The company reported ($0.24) EPS for the quarter. The company had revenue of $6.44 million for the quarter. Rocky Mountain Chocolate Factory had a negative return on equity of 15.71% and a negative net margin of 20.23%.

Insider Transactions at Rocky Mountain Chocolate Factory

In other Rocky Mountain Chocolate Factory news, major shareholder Global Value Investment Corp. bought 6,085 shares of the company’s stock in a transaction dated Tuesday, July 18th. The shares were acquired at an average cost of $5.47 per share, with a total value of $33,284.95. Following the completion of the transaction, the insider now owns 636,728 shares in the company, valued at $3,482,902.16. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, Director Jeffrey Richart Geygan acquired 9,443 shares of the stock in a transaction that occurred on Friday, July 21st. The stock was purchased at an average cost of $5.77 per share, with a total value of $54,486.11. Following the completion of the acquisition, the director now directly owns 636,353 shares in the company, valued at $3,671,756.81. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Global Value Investment Corp. acquired 6,085 shares of the stock in a transaction that occurred on Tuesday, July 18th. The stock was purchased at an average cost of $5.47 per share, with a total value of $33,284.95. Following the completion of the acquisition, the insider now owns 636,728 shares of the company’s stock, valued at $3,482,902.16. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 72,053 shares of company stock valued at $414,119. 14.87% of the stock is currently owned by insiders.

Institutional Trading of Rocky Mountain Chocolate Factory

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Renaissance Technologies LLC increased its holdings in Rocky Mountain Chocolate Factory by 2.1% in the first quarter. Renaissance Technologies LLC now owns 363,263 shares of the company’s stock valued at $1,925,000 after buying an additional 7,300 shares during the last quarter. BlackRock Inc. grew its holdings in shares of Rocky Mountain Chocolate Factory by 20.2% during the second quarter. BlackRock Inc. now owns 13,005 shares of the company’s stock valued at $70,000 after purchasing an additional 2,182 shares during the last quarter. Finally, Citadel Advisors LLC bought a new position in shares of Rocky Mountain Chocolate Factory during the third quarter valued at approximately $62,000. 27.73% of the stock is owned by institutional investors.

Rocky Mountain Chocolate Factory Company Profile

(Get Free Report)

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.

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