Rocky Mountain Chocolate Factory Inc. (NASDAQ:RMCF) Given Average Recommendation of “Hold” by Analysts
Shares of Rocky Mountain Chocolate Factory Inc. (NASDAQ:RMCF) have received an average recommendation of “Hold” from the six research firms that are covering the company. Four equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $7.46.
Several research analysts have recently weighed in on the stock. TD Securities reiterated a “hold” rating and set a $8.00 price objective (up from $7.00) on shares of Rocky Mountain Chocolate Factory in a report on Saturday, August 13th. TheStreet upgraded shares of Rocky Mountain Chocolate Factory from a “hold” rating to a “buy” rating in a report on Thursday, July 28th.
Rocky Mountain Chocolate Factory (NASDAQ:RMCF) traded up 0.39% on Friday, reaching $10.29. 1,645 shares of the company’s stock traded hands. The firm has a market capitalization of $59.75 million, a P/E ratio of 14.06 and a beta of 0.61. Rocky Mountain Chocolate Factory has a 52 week low of $9.30 and a 52 week high of $12.16. The stock has a 50-day moving average of $10.52 and a 200 day moving average of $10.18.
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Rocky Mountain Chocolate Factory (NASDAQ:RMCF) last released its quarterly earnings results on Tuesday, July 12th. The company reported $0.12 earnings per share (EPS) for the quarter. Rocky Mountain Chocolate Factory had a net margin of 11.14% and a return on equity of 33.50%. On average, equities analysts expect that Rocky Mountain Chocolate Factory will post $0.71 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 16th. Investors of record on Tuesday, September 6th were issued a $0.12 dividend. The ex-dividend date was Thursday, September 1st. This represents a $0.48 annualized dividend and a yield of 4.68%. Rocky Mountain Chocolate Factory’s payout ratio is 65.75%.
In related news, insider Franklin E. Crail sold 6,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 17th. The shares were sold at an average price of $10.36, for a total value of $62,160.00. Following the transaction, the insider now owns 464,103 shares in the company, valued at $4,808,107.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Bryan J. Merryman sold 3,200 shares of the firm’s stock in a transaction that occurred on Friday, August 12th. The shares were sold at an average price of $10.05, for a total transaction of $32,160.00. Following the completion of the transaction, the chief financial officer now owns 95,100 shares in the company, valued at approximately $955,755. The disclosure for this sale can be found here. 15.33% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of RMCF. BlackRock Fund Advisors raised its stake in 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 in the last quarter. Vanguard Group Inc. raised its stake in Rocky Mountain Chocolate Factory by 4.2% in the second quarter. Vanguard Group Inc. now owns 201,863 shares of the company’s stock worth $2,049,000 after buying an additional 8,047 shares in the last quarter. Bank of New York Mellon Corp purchased a new stake in Rocky Mountain Chocolate Factory during the second quarter worth about $113,000. Finally, North Star Investment Management Corp. raised its stake in 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 in the last quarter. Hedge funds and other institutional investors own 37.03% 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.
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