StockNews.com started coverage on shares of Rocky Mountain Chocolate Factory (NASDAQ:RMCF – Get Rating) in a report issued on Saturday. The brokerage set a “hold” rating on the stock.
Shares of RMCF opened at $7.57 on Friday. The company has a market capitalization of $46.78 million, a PE ratio of 32.91 and a beta of 1.13. Rocky Mountain Chocolate Factory has a 52-week low of $5.05 and a 52-week high of $10.36. The company has a 50-day simple moving average of $7.90 and a 200-day simple moving average of $8.17.
Rocky Mountain Chocolate Factory (NASDAQ:RMCF – Get Rating) last issued its quarterly earnings data on Thursday, January 13th. The company reported $0.04 EPS for the quarter. The firm had revenue of $8.51 million for the quarter. Rocky Mountain Chocolate Factory had a net margin of 4.55% and a return on equity of 16.57%.
This stock might be the most promising in the biotech sector and at a bargain price.
Innovation doesn’t happen every day but when it does, in this sector, it can literally change people’s lives forever.
Today, we highlight one stock ready to change the biotechnology game.
Get in on the innovation with our special report today.
In other Rocky Mountain Chocolate Factory news, VP Ryan R. Mcgrath sold 4,464 shares of the firm’s stock in a transaction dated Monday, January 31st. The shares were sold at an average price of $7.81, for a total transaction of $34,863.84. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Bryan J. Merryman sold 27,394 shares of the firm’s stock in a transaction dated Wednesday, February 9th. The stock was 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 three months, insiders purchased 18,872 shares of company stock worth $149,453 and sold 33,858 shares worth $271,539. 18.60% of the stock is currently owned by corporate insiders.
Institutional investors have recently added to or reduced their stakes in the business. Redmond Asset Management LLC boosted its position in shares of Rocky Mountain Chocolate Factory by 132.4% in the fourth quarter. Redmond Asset Management LLC now owns 146,118 shares of the company’s stock worth $1,145,000 after acquiring an additional 83,247 shares during the last quarter. Geode Capital Management LLC acquired a new stake in shares of Rocky Mountain Chocolate Factory in the third quarter worth approximately $100,000. Finally, Morgan Stanley boosted its position in shares of Rocky Mountain Chocolate Factory by 35.7% in the first quarter. Morgan Stanley now owns 11,400 shares of the company’s stock worth $60,000 after acquiring an additional 3,000 shares during the last quarter. 52.48% of the stock is currently owned by institutional investors.
Rocky Mountain Chocolate Factory Company Profile (Get Rating)
Rocky Mountain Chocolate Factory, Inc, together with its subsidiaries, operates as a confectionery franchisor, manufacturer, and retail operator. It operates through five segments: Franchising, Manufacturing, Retail Stores, U-Swirl Operations, and Other. The company produces approximately 450 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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected]
Should you invest $1,000 in Rocky Mountain Chocolate Factory right now?
Before you consider Rocky Mountain Chocolate Factory, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Rocky Mountain Chocolate Factory wasn’t on the list.
While Rocky Mountain Chocolate Factory currently has a “N/A” rating among analysts, top-rated analysts believe these five stocks are better buys.
