Rocky Mountain Chocolate Factory (NASDAQ:RMCF) Issues Quarterly Earnings Results

Rocky Mountain Chocolate Factory (NASDAQ:RMCF) released its earnings results on Tuesday. The company reported ($0.12) earnings per share for the quarter, Zacks reports. The business had revenue of $6.11 million for the quarter. Rocky Mountain Chocolate Factory had a negative net margin of 16.58% and a negative return on equity of 75.71%.

Rocky Mountain Chocolate Factory Stock Performance

Shares of RMCF opened at $1.02 on Wednesday. Rocky Mountain Chocolate Factory has a 1 year low of $0.84 and a 1 year high of $2.99. The company has a market cap of $9.63 million, a price-to-earnings ratio of -1.92 and a beta of 0.70. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.69 and a current ratio of 1.29. The firm has a fifty day moving average of $1.68 and a 200-day moving average of $2.08.

Insider Activity

In related news, major shareholder Heritage Railways In American sold 50,000 shares of the stock in a transaction dated Monday, May 4th. The shares were 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 $2,107,000. This trade represents a 5.49% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Allen C. Harper sold 50,000 shares of Rocky Mountain Chocolate Factory stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $2.45, for a total transaction of $122,500.00. Following the completion of the sale, the insider owned 860,000 shares in the company, valued at approximately $2,107,000. This represents 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 171,800 shares of company stock valued at $420,910 in the last 90 days. Insiders own 25.18% of the company’s stock.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Rocky Mountain Chocolate Factory stock. DRW Securities LLC purchased a new stake in shares of Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 123,773 shares of the company’s stock, valued at approximately $235,000. DRW Securities LLC owned about 1.33% of Rocky Mountain Chocolate Factory at the end of the most recent quarter. Hedge funds and other institutional investors own 50.27% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded shares of Rocky Mountain Chocolate Factory from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, July 7th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, Rocky Mountain Chocolate Factory has an average rating of “Sell”.

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.