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

Rocky Mountain Chocolate Factory (NASDAQ:RMCF) released its quarterly earnings data on Tuesday. The company reported ($0.12) earnings per share (EPS) for the quarter, Zacks reports. Rocky Mountain Chocolate Factory had a negative net margin of 19.84% and a negative return on equity of 93.38%. The business had revenue of $6.11 million during the quarter.

Rocky Mountain Chocolate Factory Stock Performance

NASDAQ RMCF opened at $1.00 on Thursday. The stock has a market cap of $9.44 million, a PE ratio of -1.64 and a beta of 0.70. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.69 and a current ratio of 1.29. The firm has a 50-day moving average of $1.65 and a 200-day moving average of $2.08. Rocky Mountain Chocolate Factory has a 52-week low of $0.84 and a 52-week high of $2.99.

Wall Street Analysts Forecast Growth

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

Insider Transactions at Rocky Mountain Chocolate Factory

In other Rocky Mountain Chocolate Factory news, major shareholder Allen C. Harper sold 50,000 shares of the stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $2.45, for a total value of $122,500.00. Following the transaction, the insider directly owned 860,000 shares of the company’s stock, valued at $2,107,000. This represents a 5.49% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Heritage Railways In American sold 50,000 shares of the stock in a transaction dated 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 directly owned 860,000 shares in the company, valued at approximately $2,107,000. This represents a 5.49% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 171,800 shares of company stock worth $420,910. 25.18% of the stock is owned by company insiders.

Institutional Trading of Rocky Mountain Chocolate Factory

An institutional investor 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 SEC. The institutional investor 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 reporting period. Institutional investors and hedge funds own 50.27% of the company’s stock.

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.