Today The Rocky Mountain Chocolate Factory, Inc. (RMCF) CFO Sells $13,896.00 in Stock

Today The Rocky Mountain Chocolate Factory, Inc. (RMCF) CFO Sells $13,896.00 in Stock

Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) CFO Bryan J. Merryman sold 1,200 shares of the firm’s stock in a transaction that occurred on Friday, January 20th. The stock was sold at an average price of $11.58, for a total transaction of $13,896.00. Following the completion of the transaction, the chief financial officer now directly owns 79,400 shares in the company, valued at approximately $919,452. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) opened at 11.58 on Wednesday. The company has a market cap of $67.79 million, a PE ratio of 13.39 and a beta of 0.73. Rocky Mountain Chocolate Factory, Inc. has a 12 month low of $9.50 and a 12 month high of $12.17. The company has a 50-day moving average of $10.51 and a 200 day moving average of $10.35.

Separately, RBC Capital Markets reissued a “sector perform” rating and issued a $9.50 price objective (up previously from $8.50) on shares of Rocky Mountain Chocolate Factory in a report on Friday, November 11th.

Several large investors have recently modified their holdings of RMCF. Algert Global LLC purchased a new stake in shares of Rocky Mountain Chocolate Factory during the third quarter worth approximately $138,000. North Star Investment Management Corp. boosted its stake in shares of Rocky Mountain Chocolate Factory by 15.5% in the third quarter. North Star Investment Management Corp. now owns 95,350 shares of the company’s stock worth $998,000 after buying an additional 12,825 shares during the last quarter. Bank of New York Mellon Corp purchased a new stake in shares of Rocky Mountain Chocolate Factory during the second quarter worth approximately $113,000. Vanguard Group Inc. boosted 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 worth $2,049,000 after buying an additional 8,047 shares during the last quarter. Finally, BlackRock Fund Advisors boosted 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 worth $262,000 after buying an additional 6,870 shares during the last quarter. 37.04% of the stock is currently owned by institutional investors and hedge funds.

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 International, Inc (U-Swirl), franchises and operates soft-serve frozen yogurt stores. The Company operates through five segments: Franchising, Manufacturing, Retail Stores, U-Swirl operations and Other.

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