Rocky Mountain Chocolate Factory Inc. (NASDAQ:RMCF) VP Donna L. Coupe sold 2,000 shares of the business’s stock in a transaction dated Monday, November 14th. The stock was sold at an average price of $9.69, for a total transaction of $19,380.00. Following the completion of the transaction, the vice president now directly owns 12,615 shares of the company’s stock, valued at $122,239.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of Rocky Mountain Chocolate Factory Inc. (NASDAQ:RMCF) opened at 9.99 on Wednesday. The stock’s 50 day moving average is $10.23 and its 200 day moving average is $10.21. The firm has a market cap of $58.48 million, a PE ratio of 13.09 and a beta of 0.73. Rocky Mountain Chocolate Factory Inc. has a 12 month low of $9.30 and a 12 month high of $11.28.

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 firm had revenue of $8.60 million for the quarter. Rocky Mountain Chocolate Factory had a net margin of 11.83% and a return on equity of 34.46%. Analysts forecast that Rocky Mountain Chocolate Factory Inc. will post $0.71 EPS for the current fiscal year.

Insider Buying and Selling by Quarter for Rocky Mountain Chocolate Factory (NASDAQ:RMCF)

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 9th. Shareholders of record on Friday, November 25th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Tuesday, November 22nd. This represents a $0.48 dividend on an annualized basis and a yield of 4.80%. Rocky Mountain Chocolate Factory’s payout ratio is 63.16%.

A number of brokerages have weighed in on RMCF. RBC Capital Markets reaffirmed a “sector perform” rating and issued a $9.50 target price (up from $8.50) on shares of Rocky Mountain Chocolate Factory in a research note on Friday, November 11th. TD Securities reiterated a “hold” rating and set a $8.00 price target (up previously from $7.00) on shares of Rocky Mountain Chocolate Factory in a research report on Saturday, August 13th. Finally, TheStreet upgraded shares of Rocky Mountain Chocolate Factory from a “hold” rating to a “buy” rating in a research report on Thursday, July 28th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $7.84.

A number of large investors have recently made changes to their positions in RMCF. Bank of New York Mellon Corp purchased a new stake in shares of Rocky Mountain Chocolate Factory during the second quarter worth about $113,000. Algert Global LLC purchased a new stake in shares of Rocky Mountain Chocolate Factory during the third quarter worth about $138,000. BlackRock Fund Advisors increased its stake 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 worth $262,000 after buying an additional 6,870 shares during the last quarter. Rice Hall James & Associates LLC increased its stake 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 worth $375,000 after buying an additional 428 shares during the last quarter. Finally, North Star Investment Management Corp. increased its stake 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 worth $838,000 after buying an additional 4,000 shares during the last quarter. Hedge funds and other institutional investors own 36.74% of the company’s stock.

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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