Rocky Mountain Chocolate Factory Given New $17.35 Price Target at M Partners (RMCF)
Stock analysts at M Partners decreased their price target on shares of Rocky Mountain Chocolate Factory (NASDAQ:RMCF) from $20.00 to $17.35 in a report issued on Tuesday, AnalystRatings.Net reports. The firm currently has a “buy” rating on the stock. M Partners’ price target would suggest a potential upside of 42.33% from the company’s current price.
Separately, analysts at CIBC cut their price target on shares of Rocky Mountain Chocolate Factory (NASDAQ:RMCF) from $18.00 to $14.00 in a research note to investors on Friday, August 16th. They now have a “sector perform” rating on the stock.
Shares of Rocky Mountain Chocolate Factory (NASDAQ:RMCF) traded up 0.74% during mid-day trading on Tuesday, hitting $12.19. The stock had a trading volume of 6,528 shares. Rocky Mountain Chocolate Factory has a 52 week low of $10.00 and a 52 week high of $13.98. The stock’s 50-day moving average is $12.46 and its 200-day moving average is $12.60. The company has a market cap of $74.1 million and a price-to-earnings ratio of 46.54.
Rocky Mountain Chocolate Factory (NASDAQ:RMCF) last issued its quarterly earnings data on Thursday, July 11th. The company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.01. The company had revenue of $10.18 million for the quarter, compared to the consensus estimate of $9.66 million. During the same quarter in the previous year, the company posted $0.17 earnings per share. Analysts expect that Rocky Mountain Chocolate Factory will post $0.68 EPS for the current fiscal year.
Rocky Mountain Chocolate Factory, Inc is an international franchisor and confectionery manufacturer. The Company is engaged in the manufacture of a range of chocolate candies and other confectionery products.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.