Rocky Mountain Chocolate Factory (NASDAQ:RMCF) Issues Earnings Results

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

Rocky Mountain Chocolate Factory Stock Performance

Shares of RMCF stock traded down $0.04 during midday trading on Tuesday, hitting $1.02. The company had a trading volume of 34,403 shares, compared to its average volume of 67,233. The company’s 50 day simple moving average is $1.72 and its 200 day simple moving average is $2.09. Rocky Mountain Chocolate Factory has a 52-week low of $0.84 and a 52-week high of $2.99. The stock has a market cap of $9.63 million, a price-to-earnings ratio of -1.92 and a beta of 0.70. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.29 and a quick ratio of 0.69.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded 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 investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has an average rating of “Sell”.

Insider Activity at Rocky Mountain Chocolate Factory

In related news, major shareholder Heritage Railways In American sold 50,000 shares of the stock in a transaction on Monday, May 4th. The stock was sold at an average price of $2.45, for a total transaction of $122,500.00. Following the completion of the sale, the insider directly owned 860,000 shares of the company’s stock, valued at $2,107,000. This trade represents a 5.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Allen C. Harper 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 transaction of $122,500.00. Following the completion of the transaction, the insider owned 860,000 shares in the company, valued at approximately $2,107,000. This trade represents a 5.49% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 171,800 shares of company stock valued at $420,910 in the last 90 days. Company insiders own 25.18% of the company’s stock.

Hedge Funds Weigh In On Rocky Mountain Chocolate Factory

An institutional investor recently bought a new stake in Rocky Mountain Chocolate Factory stock. DRW Securities LLC bought a new position in Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 123,773 shares of the company’s stock, valued at approximately $235,000. DRW Securities LLC owned 1.33% of Rocky Mountain Chocolate Factory as of its most recent filing with the Securities and Exchange Commission. 50.27% of the stock is owned by hedge funds and other institutional investors.

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.