Rocky Mountain Chocolate Factory Inc. (NASDAQ:RMCF) is scheduled to be issuing its Q217 quarterly earnings data on Tuesday, October 11th.
Rocky Mountain Chocolate Factory (NASDAQ:RMCF) last issued its earnings results on Tuesday, July 12th. The company reported $0.12 earnings per share (EPS) for the quarter. Rocky Mountain Chocolate Factory had a return on equity of 33.50% and a net margin of 11.14%. On average, analysts expect Rocky Mountain Chocolate Factory to post $0.71 EPS for the current fiscal year and $0.96 EPS for the next fiscal year.
Rocky Mountain Chocolate Factory Inc. (NASDAQ:RMCF) opened at 10.25 on Friday. The company has a market cap of $59.52 million, a PE ratio of 14.00 and a beta of 0.61. The firm’s 50-day moving average price is $10.52 and its 200-day moving average price is $10.18. Rocky Mountain Chocolate Factory Inc. has a one year low of $9.30 and a one year high of $12.16.
The company also recently announced a quarterly dividend, which was paid on Friday, September 16th. Shareholders of record on Tuesday, September 6th were issued a $0.12 dividend. The ex-dividend date of this dividend was Thursday, September 1st. This represents a $0.48 dividend on an annualized basis and a yield of 4.68%. Rocky Mountain Chocolate Factory’s payout ratio is presently 65.75%.
In related news, VP Gregory L. Pope sold 4,000 shares of the company’s stock in a transaction dated Monday, July 18th. The stock was sold at an average price of $10.27, for a total transaction of $41,080.00. Following the sale, the vice president now owns 37,478 shares in the company, valued at approximately $384,899.06. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Franklin E. Crail sold 6,000 shares of the company’s stock in a transaction dated Wednesday, August 17th. The shares were sold at an average price of $10.36, for a total value of $62,160.00. Following the sale, the insider now owns 464,103 shares in the company, valued at approximately $4,808,107.08. The disclosure for this sale can be found here. 15.33% of the stock is owned by company insiders.
Several large investors have recently made changes to their positions in RMCF. Vanguard Group Inc. raised its stake 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 valued at $2,049,000 after buying an additional 8,047 shares during the last quarter. BlackRock Fund Advisors raised its stake 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 valued at $262,000 after buying an additional 6,870 shares during the last quarter. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Rocky Mountain Chocolate Factory during the second quarter valued at approximately $113,000. Institutional investors own 37.03% of the company’s stock.
A number of equities analysts have issued reports on the company. TD Securities reaffirmed a “hold” rating and issued a $8.00 target price (up previously from $7.00) on shares of Rocky Mountain Chocolate Factory in a report 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 investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus 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.
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