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

Rocky Mountain Chocolate Factory (NASDAQ:RMCF) announced its earnings results on Friday. The company reported ($0.38) earnings per share for the quarter, FiscalAI reports. Rocky Mountain Chocolate Factory had a negative net margin of 13.62% and a negative return on equity of 62.48%. The firm had revenue of $6.76 million during the quarter.

Rocky Mountain Chocolate Factory Trading Down 5.1%

Rocky Mountain Chocolate Factory stock opened at $1.87 on Tuesday. Rocky Mountain Chocolate Factory has a 1 year low of $1.16 and a 1 year high of $2.99. The firm’s 50-day moving average is $2.24 and its 200-day moving average is $2.14. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.93 and a current ratio of 1.66. The company has a market cap of $17.45 million, a P/E ratio of -3.60 and a beta of 0.63.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Rocky Mountain Chocolate Factory in a research report on Monday, March 30th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has a consensus rating of “Sell”.

Insider Buying and Selling

In related news, major shareholder Heritage Railways In American sold 50,000 shares of the firm’s stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $2.45, for a total value of $122,500.00. Following the sale, the insider owned 860,000 shares of the company’s stock, valued at approximately $2,107,000. This trade represents a 5.49% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Allen C. Harper sold 50,000 shares of the company’s stock in a transaction on Monday, May 4th. The stock was sold at an average price of $2.45, for a total value of $122,500.00. Following the transaction, the insider owned 860,000 shares of the company’s stock, valued at approximately $2,107,000. The trade was a 5.49% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 212,230 shares of company stock worth $526,028 over the last quarter. Insiders own 42.20% of the company’s stock.

Hedge Funds Weigh In On Rocky Mountain Chocolate Factory

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. DRW Securities LLC acquired a new position in Rocky Mountain Chocolate Factory during the 4th quarter worth $235,000. Thompson Davis & CO. Inc. acquired a new stake in shares of Rocky Mountain Chocolate Factory in the 1st quarter worth approximately $215,000. American Capital Advisory LLC bought a new position in shares of Rocky Mountain Chocolate Factory in the fourth quarter valued at approximately $134,000. Finally, Dimensional Fund Advisors LP increased its stake in shares of Rocky Mountain Chocolate Factory by 12.6% during the first quarter. Dimensional Fund Advisors LP now owns 94,756 shares of the company’s stock valued at $213,000 after acquiring an additional 10,572 shares during the period. 50.27% of the stock is owned by institutional investors.

About Rocky Mountain Chocolate Factory

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.