Rocky Mountain Chocolate Factory Inc. (RMCF) Scheduled to Post Quarterly Earnings on Tuesday
Rocky Mountain Chocolate Factory Inc. (NASDAQ:RMCF) is scheduled to release its Q217 earnings data on Tuesday, October 11th.
Rocky Mountain Chocolate Factory Inc. (NASDAQ:RMCF) opened at 10.39 on Monday. The firm has a market capitalization of $60.33 million, a price-to-earnings ratio of 14.19 and a beta of 0.61. Rocky Mountain Chocolate Factory Inc. has a 12 month low of $9.30 and a 12 month high of $12.16. The company has a 50 day moving average price of $10.51 and a 200 day moving average price of $10.19.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 16th. Investors of record on Tuesday, September 6th were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 4.62%. The ex-dividend date was Thursday, September 1st. Rocky Mountain Chocolate Factory’s dividend payout ratio (DPR) is presently 65.75%.
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In other news, CFO Bryan J. Merryman sold 3,200 shares of the firm’s stock in a transaction dated Friday, August 12th. The stock was 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 directly owns 95,100 shares in the company, valued at $955,755. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Franklin E. Crail sold 6,000 shares of the firm’s stock in a transaction dated Wednesday, August 17th. The stock was 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 of the company’s stock, valued at $4,808,107.08. The disclosure for this sale can be found here. 15.33% of the stock is owned by company insiders.
Several institutional investors have recently modified their holdings of the company. Bank of New York Mellon Corp bought a new position in shares of Rocky Mountain Chocolate Factory during the second quarter worth about $113,000. 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 worth $262,000 after buying an additional 6,870 shares during the period. Finally, Vanguard Group Inc. increased its position in shares of 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 during the period. Institutional investors own 37.03% of the company’s stock.
RMCF has been the topic of several research analyst reports. TD Securities reaffirmed a “hold” rating and issued a $8.00 price objective (up from $7.00) on shares of Rocky Mountain Chocolate Factory in a research note on Saturday, August 13th. TheStreet upgraded Rocky Mountain Chocolate Factory from a “hold” rating to a “buy” rating in a research report on Thursday, July 28th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $7.46.
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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