Rocky Mountain Chocolate Factory (NASDAQ:RMCF) Coverage Initiated at initiated coverage on shares of Rocky Mountain Chocolate Factory (NASDAQ:RMCFGet Rating) in a report issued on Monday. The firm issued a hold rating on the stock.

Rocky Mountain Chocolate Factory Price Performance

NASDAQ:RMCF opened at $6.11 on Monday. The firm has a market capitalization of $38.13 million, a P/E ratio of -7.73 and a beta of 1.00. Rocky Mountain Chocolate Factory has a 1-year low of $5.48 and a 1-year high of $9.22. The company’s fifty day moving average price is $6.31 and its 200-day moving average price is $6.59.

Insider Buying and Selling at Rocky Mountain Chocolate Factory

In other news, Director Jeffrey Richart Geygan bought 5,967 shares of Rocky Mountain Chocolate Factory stock in a transaction on Tuesday, November 8th. The shares were bought at an average cost of $6.68 per share, with a total value of $39,859.56. Following the completion of the purchase, the director now directly owns 563,780 shares of the company’s stock, valued at $3,766,050.40. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have purchased a total of 65,550 shares of company stock valued at $428,140 over the last ninety days. Corporate insiders own 18.60% of the company’s stock.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Rocky Mountain Chocolate Factory stock. Citadel Advisors LLC purchased a new position in Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCFGet Rating) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 10,403 shares of the company’s stock, valued at approximately $62,000. Citadel Advisors LLC owned about 0.17% of Rocky Mountain Chocolate Factory as of its most recent SEC filing. 44.47% of the stock is currently owned by institutional investors and hedge funds.

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 400 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.

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