Rocky Mountain Chocolate Factory (NASDAQ:RMCF) Issues Earnings Results

Rocky Mountain Chocolate Factory (NASDAQ:RMCF) released its quarterly earnings data on Tuesday. The company reported ($0.12) earnings per share (EPS) for the quarter, Zacks reports. Rocky Mountain Chocolate Factory had a negative return on equity of 75.71% and a negative net margin of 16.58%.

Rocky Mountain Chocolate Factory Trading Down 3.8%

RMCF traded down $0.04 during midday trading on Tuesday, hitting $1.02. 31,420 shares of the company were exchanged, compared to its average volume of 67,210. The firm has a market capitalization of $9.63 million, a P/E ratio of -1.92 and a beta of 0.70. Rocky Mountain Chocolate Factory has a 1-year low of $0.84 and a 1-year high of $2.99. The firm’s 50 day moving average price is $1.72 and its 200-day moving average price is $2.09. The company has a quick ratio of 0.69, a current ratio of 1.29 and a debt-to-equity ratio of 1.26.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded Rocky Mountain Chocolate Factory from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, July 7th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, Rocky Mountain Chocolate Factory currently has a consensus rating of “Sell”.

Insider Activity

In other Rocky Mountain Chocolate Factory news, major shareholder Allen C. Harper sold 50,000 shares of the stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $2.45, for a total transaction of $122,500.00. Following the completion of the sale, the insider owned 860,000 shares of the company’s stock, valued at approximately $2,107,000. This represents a 5.49% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Heritage Railways In American sold 50,000 shares of the firm’s stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $2.45, for a total transaction of $122,500.00. Following the transaction, the insider owned 860,000 shares of the company’s stock, valued at approximately $2,107,000. The trade was a 5.49% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 171,800 shares of company stock valued at $420,910. Insiders own 25.18% of the company’s stock.

Institutional Trading of Rocky Mountain Chocolate Factory

An institutional investor recently bought a new position in Rocky Mountain Chocolate Factory stock. DRW Securities LLC acquired a new position in Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 123,773 shares of the company’s stock, valued at approximately $235,000. DRW Securities LLC owned approximately 1.33% of Rocky Mountain Chocolate Factory at the end of the most recent quarter. 50.27% of the stock is owned by hedge funds and other institutional investors.

Rocky Mountain Chocolate Factory Company Profile

Rocky Mountain Chocolate Factory, Inc is a specialty chocolate confectionery franchisor and manufacturer headquartered in Durango, Colorado. Established in 1981, the company develops, produces and markets a range of premium chocolate products, including truffles, caramels, toffees, fudge, nuts, dipped fruits and caramel apples. It operates company-owned retail stores as well as a franchised network, supplying handcrafted confections and related gift items through more than 300 retail locations across North America and select international markets.

From its origins as a single store in downtown Durango, Rocky Mountain Chocolate Factory introduced its first franchised outlets in the mid-1980s and completed a public offering in 1985.