Rocky Mountain Chocolate Factory Inc. (RMCF) Shares Gap Up to $10.17
Rocky Mountain Chocolate Factory Inc. (NASDAQ:RMCF)’s share price gapped up before the market opened on Friday . The stock had previously closed at $10.16, but opened at $10.17. Rocky Mountain Chocolate Factory shares last traded at $10.44, with a volume of 31,540 shares traded.
RMCF has been the subject of a number of analyst reports. TD Securities restated a “hold” rating and set a $7.00 price objective (up previously from $6.50) on shares of Rocky Mountain Chocolate Factory in a research report on Tuesday, May 10th. TheStreet upgraded shares of Rocky Mountain Chocolate Factory from a “hold” rating to a “buy” rating in a research report on Thursday. Finally, Royal Bank Of Canada restated a “sector perform” rating and set a $6.50 price objective (up previously from $6.00) on shares of Rocky Mountain Chocolate Factory in a research report on Thursday, May 5th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $7.21.
The stock has a market capitalization of $61.61 million and a P/E ratio of 14.49. The company has a 50-day moving average price of $10.06 and a 200 day moving average price of $10.12.
Rocky Mountain Chocolate Factory (NASDAQ:RMCF) last posted its quarterly earnings data on Tuesday, July 12th. The company reported $0.12 earnings per share (EPS) for the quarter. Analysts expect that Rocky Mountain Chocolate Factory Inc. will post $0.71 earnings per share for the current year.
In related news, Director Gerald A. Kien sold 10,100 shares of Rocky Mountain Chocolate Factory stock in a transaction on Tuesday, May 24th. The shares were sold at an average price of $9.97, for a total value of $100,697.00. Following the completion of the sale, the director now owns 32,366 shares in the company, valued at $322,689.02. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Gregory L. Pope sold 4,000 shares of Rocky Mountain Chocolate Factory stock in a transaction on Monday, July 18th. The stock was sold at an average price of $10.27, for a total transaction of $41,080.00. Following the completion of the sale, the vice president now owns 37,478 shares of the company’s stock, valued at approximately $384,899.06. The disclosure for this sale can be found here.
Rocky Mountain Chocolate Factory, Inc is an international franchisor, confectionery manufacturer and retail operator. The Company’s subsidiary, U-Swirl, Inc (U-Swirl), franchises and operates soft-serve frozen yogurt stores. The Company operates through five segments: Franchising, Manufacturing, Retail Stores, U-Swirl, Inc and Other.
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