Rocky Mountain Chocolate Factory (NASDAQ:RMCF) Earns Hold Rating from Analysts at StockNews.com

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

Rocky Mountain Chocolate Factory Price Performance

Rocky Mountain Chocolate Factory stock opened at $3.56 on Wednesday. Rocky Mountain Chocolate Factory has a 1-year low of $3.45 and a 1-year high of $5.99. The stock has a market cap of $22.50 million, a PE ratio of -5.24 and a beta of 1.06. The stock’s fifty day moving average is $3.78 and its two-hundred day moving average is $4.11.

Insider Buying and Selling at Rocky Mountain Chocolate Factory

In other news, Director Jeffrey Richart Geygan bought 21,763 shares of the business’s stock in a transaction dated Tuesday, February 13th. The shares were acquired at an average price of $4.10 per share, for a total transaction of $89,228.30. Following the completion of the transaction, the director now owns 1,049,109 shares of the company’s stock, valued at $4,301,346.90. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, Director Jeffrey Richart Geygan bought 21,763 shares of the business’s stock in a transaction dated Tuesday, February 13th. The shares were acquired at an average price of $4.10 per share, for a total transaction of $89,228.30. Following the completion of the transaction, the director now owns 1,049,109 shares of the company’s stock, valued at $4,301,346.90. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, major shareholder Global Value Investment Corp. bought 10,650 shares of the business’s stock in a transaction dated Monday, February 12th. The shares were purchased at an average price of $4.09 per share, for a total transaction of $43,558.50. Following the transaction, the insider now directly owns 1,065,878 shares of the company’s stock, valued at approximately $4,359,441.02. The disclosure for this purchase can be found here. Insiders have acquired a total of 113,959 shares of company stock worth $466,521 over the last ninety days. Corporate insiders own 14.87% of the company’s stock.

Hedge Funds Weigh In On Rocky Mountain Chocolate Factory

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Leverty Financial Group LLC purchased a new position in shares of Rocky Mountain Chocolate Factory during the fourth quarter worth about $54,000. Salvus Wealth Management LLC purchased a new position in shares of Rocky Mountain Chocolate Factory during the fourth quarter worth about $53,000. Finally, International Assets Investment Management LLC grew its holdings in shares of Rocky Mountain Chocolate Factory by 360.0% during the fourth quarter. International Assets Investment Management LLC now owns 14,260 shares of the company’s stock worth $66,000 after buying an additional 11,160 shares during the last quarter. Hedge funds and other 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.