Rocky Mountain Chocolate Factory Inc. (NASDAQ:RMCF)‘s stock had its “sector perform” rating reissued by analysts at RBC Capital Markets in a research report issued to clients and investors on Friday. They currently have a $9.50 target price on the stock, up from their previous target price of $8.50. RBC Capital Markets’ price objective suggests a potential downside of 3.06% from the stock’s current price.

Several other analysts also recently issued reports on RMCF. TheStreet raised shares of Rocky Mountain Chocolate Factory from a “hold” rating to a “buy” rating in a research note on Thursday, July 28th. TD Securities reissued a “hold” rating and issued a $8.00 price objective (up previously from $7.00) on shares of Rocky Mountain Chocolate Factory in a research note on Saturday, August 13th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Rocky Mountain Chocolate Factory presently has an average rating of “Hold” and a consensus target price of $7.87.

Analyst Recommendations for Rocky Mountain Chocolate Factory (NASDAQ:RMCF)

Shares of Rocky Mountain Chocolate Factory (NASDAQ:RMCF) opened at 9.80 on Friday. The company has a 50 day moving average price of $10.26 and a 200 day moving average price of $10.21. Rocky Mountain Chocolate Factory has a 1-year low of $9.30 and a 1-year high of $11.28. The stock has a market cap of $57.37 million, a P/E ratio of 12.84 and a beta of 0.73.

Rocky Mountain Chocolate Factory (NASDAQ:RMCF) last announced its quarterly earnings data on Tuesday, October 11th. The company reported $0.16 earnings per share (EPS) for the quarter. The business earned $8.60 million during the quarter. Rocky Mountain Chocolate Factory had a net margin of 11.83% and a return on equity of 34.46%. On average, equities analysts anticipate that Rocky Mountain Chocolate Factory will post $0.71 EPS for the current year.

In related news, CFO Bryan J. Merryman sold 2,600 shares of Rocky Mountain Chocolate Factory stock in a transaction that occurred on Monday, October 31st. The shares were sold at an average price of $10.24, for a total transaction of $26,624.00. Following the transaction, the chief financial officer now directly owns 84,150 shares of the company’s stock, valued at $861,696. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Gerald A. Kien sold 10,000 shares of Rocky Mountain Chocolate Factory stock in a transaction that occurred on Friday, November 4th. The shares were sold at an average price of $10.00, for a total transaction of $100,000.00. Following the transaction, the director now directly owns 22,366 shares in the company, valued at $223,660. The disclosure for this sale can be found here. Insiders own 15.33% of the company’s stock.

A number of institutional investors have recently modified their holdings of the stock. Rice Hall James & Associates LLC raised its position in shares of Rocky Mountain Chocolate Factory by 1.2% in the third quarter. Rice Hall James & Associates LLC now owns 35,842 shares of the company’s stock valued at $375,000 after buying an additional 428 shares during the last quarter. North Star Investment Management Corp. raised its position in shares of 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 last quarter. BlackRock Fund Advisors raised its position in shares of 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 last quarter. Vanguard Group Inc. raised its position in shares of 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 last quarter. Finally, Bank of New York Mellon Corp acquired a new position in shares of Rocky Mountain Chocolate Factory during the second quarter valued at about $113,000. 36.79% of the stock is currently owned by institutional investors.

Rocky Mountain Chocolate Factory Company Profile

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

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