Rocky Mountain Chocolate Factory (NASDAQ:RMCF) Downgraded by TheStreet to “C”

TheStreet cut shares of Rocky Mountain Chocolate Factory (NASDAQ:RMCF) from a b- rating to a c rating in a research report sent to investors on Thursday morning, TheStreetRatingsTable reports.

RMCF opened at $8.81 on Thursday. The stock’s 50 day moving average price is $8.95 and its 200-day moving average price is $8.96. Rocky Mountain Chocolate Factory has a one year low of $8.06 and a one year high of $9.90. The company has a quick ratio of 2.05, a current ratio of 2.59 and a debt-to-equity ratio of 0.11.

In other news, VP Donna L. Coupe sold 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $8.76, for a total transaction of $35,040.00. Following the transaction, the vice president now owns 23,800 shares of the company’s stock, valued at $208,488. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 10.90% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. boosted its holdings in shares of Rocky Mountain Chocolate Factory by 6.4% in the second quarter. BlackRock Inc. now owns 30,311 shares of the company’s stock valued at $254,000 after purchasing an additional 1,831 shares during the period. Cardinal Capital Management boosted its holdings in shares of Rocky Mountain Chocolate Factory by 2.2% in the third quarter. Cardinal Capital Management now owns 51,674 shares of the company’s stock valued at $483,000 after purchasing an additional 1,131 shares during the period. North Star Investment Management Corp. boosted its holdings in shares of Rocky Mountain Chocolate Factory by 5.4% in the third quarter. North Star Investment Management Corp. now owns 223,050 shares of the company’s stock valued at $2,074,000 after purchasing an additional 11,500 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Rocky Mountain Chocolate Factory by 2.4% in the second quarter. Vanguard Group Inc. now owns 284,628 shares of the company’s stock valued at $2,391,000 after purchasing an additional 6,708 shares during the period. Finally, Renaissance Technologies LLC boosted its holdings in shares of Rocky Mountain Chocolate Factory by 1.3% in the second quarter. Renaissance Technologies LLC now owns 476,923 shares of the company’s stock valued at $4,006,000 after purchasing an additional 6,216 shares during the period. 41.14% of the stock is currently owned by hedge funds and other institutional investors.

About Rocky Mountain Chocolate Factory

Rocky Mountain Chocolate Factory, Inc, together with its subsidiaries, operates as a confectionery franchisor, manufacturer, and retail operator. It operates through five segments: Franchising, Manufacturing, Retail Stores, U-Swirl Operations, and Other. The company produces approximately 700 chocolate candies and other confectionery products, including clusters, caramels, creams, toffees, mints, and truffles; and offers 15 varieties of caramel apples and other products that are prepared in individual stores, as well as provides ice cream, coffee, and other sundries.

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