Shares of Rocky Mountain Chocolate Factory Inc. (NASDAQ:RMCF) have been given an average rating of “Hold” by the five research firms that are presently covering the company. Four investment analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $7.84.

Several equities analysts recently issued reports on RMCF shares. TheStreet upgraded Rocky Mountain Chocolate Factory from a “hold” rating to a “buy” rating in a research note on Thursday, July 28th. TD Securities restated a “hold” rating and set a $8.00 price target (up from $7.00) on shares of Rocky Mountain Chocolate Factory in a research note on Saturday, August 13th. Finally, RBC Capital Markets restated a “sector perform” rating and set a $9.50 price target (up from $8.50) on shares of Rocky Mountain Chocolate Factory in a research note on Friday, November 11th.

Shares of Rocky Mountain Chocolate Factory (NASDAQ:RMCF) opened at 9.99 on Friday. Rocky Mountain Chocolate Factory has a 52-week low of $9.30 and a 52-week high of $11.28. The company has a 50-day moving average price of $10.23 and a 200 day moving average price of $10.21. The firm has a market capitalization of $58.48 million, a PE ratio of 13.09 and a beta of 0.73.

Rocky Mountain Chocolate Factory (NASDAQ:RMCF) last issued its quarterly earnings results on Tuesday, October 11th. The company reported $0.16 earnings per share (EPS) for the quarter. Rocky Mountain Chocolate Factory had a return on equity of 34.46% and a net margin of 11.83%. The firm had revenue of $8.60 million for the quarter. Analysts expect that Rocky Mountain Chocolate Factory will post $0.71 EPS for the current fiscal year.

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

In other news, CFO Bryan J. Merryman sold 2,600 shares of the business’s stock in a transaction that occurred on Monday, October 31st. The stock was sold at an average price of $10.24, for a total value of $26,624.00. Following the transaction, the chief financial officer now directly owns 84,150 shares of the company’s stock, valued at approximately $861,696. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Gerald A. Kien sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, November 4th. The stock was sold at an average price of $10.00, for a total value of $100,000.00. Following the completion of 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. Company insiders own 15.33% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in RMCF. Bank of New York Mellon Corp acquired a new position in shares of Rocky Mountain Chocolate Factory during the second quarter valued at approximately $113,000. Algert Global LLC acquired a new position in shares of Rocky Mountain Chocolate Factory during the third quarter valued at approximately $138,000. BlackRock Fund Advisors increased 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. Rice Hall James & Associates LLC increased 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. Finally, North Star Investment Management Corp. increased 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. 36.74% of the stock is currently owned by institutional investors and hedge funds.

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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