Rocky Mountain Chocolate Factory Inc. (RMCF) Announces Quarterly Earnings Results
Rocky Mountain Chocolate Factory Inc. (NASDAQ:RMCF) posted its earnings results on Tuesday. The company reported $0.16 earnings per share for the quarter. The company earned $8.60 million during the quarter, compared to analyst estimates of $9.30 million. Rocky Mountain Chocolate Factory had a net margin of 11.14% and a return on equity of 33.50%.
Rocky Mountain Chocolate Factory (NASDAQ:RMCF) opened at 10.65 on Tuesday. The firm’s 50 day moving average is $10.51 and its 200-day moving average is $10.19. The company has a market cap of $61.84 million, a P/E ratio of 14.55 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 firm also recently announced a quarterly dividend, which was paid on Friday, September 16th. Shareholders of record on Tuesday, September 6th were paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.51%. The ex-dividend date was Thursday, September 1st. Rocky Mountain Chocolate Factory’s dividend payout ratio is 65.75%.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/10/11/rocky-mountain-chocolate-factory-inc-rmcf-announces-quarterly-earnings-results.html
A number of equities analysts recently issued reports on RMCF shares. TheStreet raised shares of Rocky Mountain Chocolate Factory from a “hold” rating to a “buy” rating in a research note on Thursday, July 28th. TD Securities reissued a “hold” rating and issued a $8.00 price target (up from $7.00) on shares of Rocky Mountain Chocolate Factory in a research note on Saturday, August 13th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $7.46.
In other Rocky Mountain Chocolate Factory news, CFO Bryan J. Merryman sold 3,200 shares of the business’s stock in a transaction dated Friday, August 12th. The shares were sold at an average price of $10.05, for a total value of $32,160.00. Following the completion of the sale, the chief financial officer now directly owns 95,100 shares of the company’s stock, valued at approximately $955,755. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Franklin E. Crail sold 6,000 shares of the business’s stock in a transaction dated Wednesday, August 17th. The shares were sold at an average price of $10.36, for a total transaction of $62,160.00. Following the completion of the sale, the insider now directly owns 464,103 shares of the company’s stock, valued at $4,808,107.08. The disclosure for this sale can be found here. Corporate insiders own 15.33% of the company’s stock.
Large investors have recently added to or reduced their stakes in the stock. BlackRock Fund Advisors boosted 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 valued at $262,000 after buying an additional 6,870 shares during the period. Vanguard Group Inc. boosted 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 valued at $2,049,000 after buying an additional 8,047 shares during the period. Finally, Bank of New York Mellon Corp bought a new stake in Rocky Mountain Chocolate Factory during the second quarter valued at about $113,000. 37.03% of the stock is owned by institutional investors.
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.
Receive News & Ratings for Rocky Mountain Chocolate Factory Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rocky Mountain Chocolate Factory Inc. and related companies with MarketBeat.com's FREE daily email newsletter.