Insider Selling: Rocky Mountain Chocolate Factory Inc. (RMCF) CFO Sells 1,100 Shares of Stock
Rocky Mountain Chocolate Factory Inc. (NASDAQ:RMCF) CFO Bryan J. Merryman sold 1,100 shares of Rocky Mountain Chocolate Factory stock in a transaction dated Tuesday, October 18th. The stock was sold at an average price of $10.39, for a total value of $11,429.00. Following the completion of the transaction, the chief financial officer now owns 95,000 shares in the company, valued at $987,050. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of Rocky Mountain Chocolate Factory Inc. (NASDAQ:RMCF) traded down 0.70% during trading on Wednesday, reaching $10.28. The company had a trading volume of 2,603 shares. The firm has a 50 day moving average price of $10.45 and a 200 day moving average price of $10.21. Rocky Mountain Chocolate Factory Inc. has a 12 month low of $9.30 and a 12 month high of $11.40. The company has a market cap of $59.70 million, a price-to-earnings ratio of 14.04 and a beta of 0.61.
Rocky Mountain Chocolate Factory (NASDAQ:RMCF) last posted its quarterly earnings data on Tuesday, October 11th. The company reported $0.16 EPS for the quarter. Rocky Mountain Chocolate Factory had a net margin of 11.83% and a return on equity of 34.46%. The company earned $8.60 million during the quarter. Analysts predict that Rocky Mountain Chocolate Factory Inc. will post $0.71 earnings per share for the current year.
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/2016/10/19/insider-selling-rocky-mountain-chocolate-factory-inc-rmcf-cfo-sells-1100-shares-of-stock.html
Several institutional investors have recently bought and sold shares of the company. Bank of New York Mellon Corp acquired a new position in Rocky Mountain Chocolate Factory during the second quarter worth approximately $113,000. Algert Global LLC acquired a new position in Rocky Mountain Chocolate Factory during the third quarter worth approximately $138,000. BlackRock Fund Advisors increased its position 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. North Star Investment Management Corp. increased its position 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. Finally, Vanguard Group Inc. increased its position 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. Institutional investors own 37.03% of the company’s stock.
A number of research firms have recently commented on RMCF. TD Securities reiterated 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 note on Thursday, July 28th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $7.46.
About Rocky Mountain Chocolate Factory
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.