Rocky Mountain Chocolate Factory (NASDAQ:RMCF) was downgraded by equities research analysts at TheStreet from a “b-” rating to a “c+” rating in a research report issued on Tuesday, TheStreetRatingsTable reports.
Shares of RMCF stock opened at $8.92 on Tuesday. The company has a market cap of $52.53 million, a P/E ratio of 19.15 and a beta of 0.57. Rocky Mountain Chocolate Factory has a 52-week low of $7.95 and a 52-week high of $11.56.
A number of hedge funds and other institutional investors have recently modified their holdings of RMCF. Steinberg Global Asset Management bought a new stake in Rocky Mountain Chocolate Factory during the 1st quarter valued at $975,000. Seizert Capital Partners LLC bought a new stake in Rocky Mountain Chocolate Factory during the 1st quarter valued at $232,000. BlackRock Inc. raised its position in Rocky Mountain Chocolate Factory by 35.0% during the 4th quarter. BlackRock Inc. now owns 29,922 shares of the company’s stock valued at $255,000 after purchasing an additional 7,757 shares in the last quarter. Cardinal Capital Management raised its position in Rocky Mountain Chocolate Factory by 4.5% during the 1st quarter. Cardinal Capital Management now owns 49,705 shares of the company’s stock valued at $448,000 after purchasing an additional 2,137 shares in the last quarter. Finally, North Star Investment Management Corp. raised its position in Rocky Mountain Chocolate Factory by 0.8% during the 1st quarter. North Star Investment Management Corp. now owns 201,350 shares of the company’s stock valued at $1,816,000 after purchasing an additional 1,550 shares in the last quarter. 46.19% of the stock is owned by institutional investors and hedge funds.
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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