StockNews.com assumed coverage on shares of Rocky Mountain Chocolate Factory (NASDAQ:RMCF) in a note issued to investors on Tuesday. The firm set a “hold” rating on the stock.
Shares of RMCF opened at $8.05 on Tuesday. Rocky Mountain Chocolate Factory has a 1-year low of $4.45 and a 1-year high of $10.36. The stock has a market cap of $49.75 million, a PE ratio of 35.00 and a beta of 1.19. The firm has a fifty day moving average price of $8.07 and a 200 day moving average price of $8.17.
In other Rocky Mountain Chocolate Factory news, Director Jeffrey Richart Geygan bought 13,972 shares of Rocky Mountain Chocolate Factory stock in a transaction dated Wednesday, January 26th. The stock was acquired at an average cost of $7.97 per share, with a total value of $111,356.84. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Bryan J. Merryman sold 27,394 shares of the company’s stock in a transaction dated Wednesday, February 9th. The shares were sold at an average price of $8.06, for a total transaction of $220,795.64. The disclosure for this sale can be found here. Over the last ninety days, insiders bought 18,872 shares of company stock valued at $149,453 and sold 33,858 shares valued at $271,539. 18.60% of the stock is currently owned by corporate insiders.
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A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Newbridge Financial Services Group Inc. raised its holdings in Rocky Mountain Chocolate Factory by 4.2% during the second quarter. Newbridge Financial Services Group Inc. now owns 37,100 shares of the company’s stock worth $283,000 after purchasing an additional 1,500 shares in the last quarter. Morgan Stanley raised its holdings in Rocky Mountain Chocolate Factory by 35.7% during the first quarter. Morgan Stanley now owns 11,400 shares of the company’s stock worth $60,000 after purchasing an additional 3,000 shares in the last quarter. Geode Capital Management LLC purchased a new position in Rocky Mountain Chocolate Factory during the third quarter worth about $100,000. FMR LLC raised its holdings in Rocky Mountain Chocolate Factory by 4.3% during the second quarter. FMR LLC now owns 540,170 shares of the company’s stock worth $4,121,000 after purchasing an additional 22,343 shares in the last quarter. Finally, Redmond Asset Management LLC raised its holdings in Rocky Mountain Chocolate Factory by 132.4% during the fourth quarter. Redmond Asset Management LLC now owns 146,118 shares of the company’s stock worth $1,145,000 after purchasing an additional 83,247 shares in the last quarter. 51.65% of the stock is owned by hedge funds and other institutional investors.
About Rocky Mountain Chocolate Factory
Rocky Mountain Chocolate Factory, Inc is a franchisor, confectionery manufacturer and retail operator in the United States, Canada, Philippines, Japan, South Korea, and the United Arab Emirates. The firm manufactures a line of premium chocolate candies and other confectionery products to supply its franchise locations, delivered fresh by its fleet of refrigerated trucks.
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