Shares of Rocky Mountain Chocolate Factory Inc. (NASDAQ:RMCF) have been assigned an average recommendation of “Hold” from the six analysts that are covering the company. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $7.46.

RMCF has been the subject of a number of recent analyst reports. TD Securities restated a “hold” rating and issued a $8.00 price objective (up from $7.00) on shares of Rocky Mountain Chocolate Factory in a report on Saturday, August 13th. TheStreet upgraded shares of Rocky Mountain Chocolate Factory from a “hold” rating to a “buy” rating in a research note on Thursday, July 28th.

Shares of Rocky Mountain Chocolate Factory (NASDAQ:RMCF) opened at 10.39 on Friday. Rocky Mountain Chocolate Factory has a 1-year low of $9.30 and a 1-year high of $12.16. The company’s 50-day moving average price is $10.51 and its 200 day moving average price is $10.19. The company has a market cap of $60.33 million, a price-to-earnings ratio of 14.19 and a beta of 0.61.

The business also recently announced a quarterly dividend, which was paid on Friday, September 16th. Shareholders of record on Tuesday, September 6th were paid a dividend of $0.12 per share. The ex-dividend date was Thursday, September 1st. This represents a $0.48 dividend on an annualized basis and a yield of 4.62%. Rocky Mountain Chocolate Factory’s dividend payout ratio is presently 65.75%.

In other news, VP Gregory L. Pope sold 4,000 shares of the company’s stock in a transaction on Monday, July 18th. The stock was sold at an average price of $10.27, for a total value of $41,080.00. Following the completion of the sale, the vice president now directly owns 37,478 shares in the company, valued at approximately $384,899.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Donna L. Coupe sold 3,000 shares of the company’s stock in a transaction on Wednesday, July 20th. The stock was sold at an average price of $10.10, for a total value of $30,300.00. Following the completion of the sale, the vice president now owns 14,615 shares of the company’s stock, valued at $147,611.50. The disclosure for this sale can be found here. Company insiders own 15.33% of the company’s stock.

Several large investors have recently bought and sold shares of RMCF. Bank of New York Mellon Corp bought a new stake in Rocky Mountain Chocolate Factory during the second quarter valued at approximately $113,000. Vanguard Group Inc. raised its stake in Rocky Mountain Chocolate Factory by 4.2% in the second quarter. Vanguard Group Inc. now owns 201,863 shares of the company’s stock valued at $2,049,000 after buying an additional 8,047 shares during the period. BlackRock Fund Advisors raised its stake in Rocky Mountain Chocolate Factory by 36.3% in the second quarter. BlackRock Fund Advisors now owns 25,776 shares of the company’s stock valued at $262,000 after buying an additional 6,870 shares during the period. Finally, North Star Investment Management Corp. raised its stake in Rocky Mountain Chocolate Factory by 5.1% in the second quarter. North Star Investment Management Corp. now owns 82,525 shares of the company’s stock valued at $838,000 after buying an additional 4,000 shares during the period. Hedge funds and other institutional investors own 37.03% of the company’s stock.

About Rocky Mountain Chocolate Factory

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.

5 Day Chart for NASDAQ:RMCF

Receive News & Stock Ratings for Rocky Mountain Chocolate Factory Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rocky Mountain Chocolate Factory Inc. and related stocks with our FREE daily email newsletter.