Rocky Mountain Chocolate Factory (NASDAQ:RMCF) Releases Quarterly Earnings Results

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

Rocky Mountain Chocolate Factory Stock Down 3.8%

NASDAQ:RMCF traded down $0.04 on Tuesday, hitting $1.02. The stock had a trading volume of 31,420 shares, compared to its average volume of 67,210. The company has a quick ratio of 0.69, a current ratio of 1.29 and a debt-to-equity ratio of 1.26. Rocky Mountain Chocolate Factory has a 52 week low of $0.84 and a 52 week high of $2.99. The business’s fifty day moving average is $1.72 and its 200 day moving average is $2.09. The company has a market cap of $9.63 million, a PE ratio of -1.92 and a beta of 0.70.

Insider Activity at Rocky Mountain Chocolate Factory

In related news, major shareholder Heritage Railways In American sold 50,000 shares of Rocky Mountain Chocolate Factory stock in a transaction on Monday, May 4th. The shares were sold at an average price of $2.45, for a total value 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 trade represents a 5.49% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, major shareholder Allen C. Harper sold 50,000 shares of the business’s stock in a transaction 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 sale, the insider owned 860,000 shares of the company’s stock, valued at $2,107,000. This trade represents a 5.49% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 171,800 shares of company stock valued at $420,910. Corporate insiders own 25.18% of the company’s stock.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Rocky Mountain Chocolate Factory stock. DRW Securities LLC acquired a new stake in Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) during the fourth quarter, according to its most recent disclosure with the Securities & 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 currently owned by institutional investors.

Analysts Set New Price Targets

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

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.