StockNews.com began covering stocks of Rocky Mountain Chocolate Factory (NASDAQ:RMCF – Get Note) in a research report delivered to clients and investors on Sunday. The company has placed a “holding” rating on the stock.
NASDAQ:RMCF opened at $6.53 on Friday. The company has a market capitalization of $40.36 million, a price-earnings ratio of 28.39 and a beta of 1.13. Rocky Mountain Chocolate Factory has a 52-week low of $5.48 and a 52-week high of $10.36. The company has a 50-day moving average price of $6.77 and a two-hundred-day moving average price of $7.71.
Several institutional investors have recently increased or reduced their stake in RMCF. Morgan Stanley increased its position in Rocky Mountain Chocolate Factory shares by 35.7% during the first quarter. Morgan Stanley now owns 11,400 shares of the company valued at $60,000 after acquiring an additional 3,000 shares during the period. Geode Capital Management LLC bought a new stock position in Rocky Mountain Chocolate Factory during Q3 for $100,000. Redmond Asset Management LLC increased its stake in shares of Rocky Mountain Chocolate Factory by 132.4% during the 4th quarter. Redmond Asset Management LLC now owns 146,118 shares of the company worth $1,145,000 after acquiring an additional 83,247 shares during the period. Finally, Ridgewood Investments LLC purchased a new stake in Rocky Mountain Chocolate Factory in Q1 worth approximately $215,000. 36.76% of the shares are held by hedge funds and other institutional investors.
Rocky Mountain Chocolate Factory Company Profile (Get an evaluation)
Rocky Mountain Chocolate Factory, Inc, together with its subsidiaries, operates as a franchisor, manufacturer and retail operator of confectionery. It operates through five segments: franchising, manufacturing, retail stores, U-Swirl operations and others. The company produces approximately 450 chocolate candies and other confectionery products, including clusters, caramels, creams, toffees, mints and truffles; and offers 15 varieties of caramel apples and other products prepared in individual stores, as well as ice cream, coffee and other sundries.
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