Rocky Mountain Chocolate Factory (NASDAQ:RMCF) CEO Jeffrey Richart Geygan Buys 14,562 Shares of Stock

Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) CEO Jeffrey Richart Geygan purchased 14,562 shares of Rocky Mountain Chocolate Factory stock in a transaction that occurred on Tuesday, October 21st. The shares were bought at an average cost of $1.65 per share, with a total value of $24,027.30. Following the completion of the transaction, the chief executive officer directly owned 1,769,498 shares of the company’s stock, valued at approximately $2,919,671.70. The trade was a 0.83% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Jeffrey Richart Geygan also recently made the following trade(s):

• On Wednesday, October 22nd, Jeffrey Richart Geygan purchased 8,775 shares of Rocky Mountain Chocolate Factory stock. The shares were bought at an average cost of $1.78 per share, with a total value of $15,619.50.
• On Monday, October 20th, Jeffrey Richart Geygan acquired 13,753 shares of Rocky Mountain Chocolate Factory stock. The stock was acquired at an average cost of $1.61 per share, with a total value of $22,142.33.
• On Friday, October 17th, Jeffrey Richart Geygan acquired 61,670 shares of Rocky Mountain Chocolate Factory stock. The stock was acquired at an average cost of $1.59 per share, with a total value of $98,055.30.

Rocky Mountain Chocolate Factory Stock Performance

RMCF opened at $1.75 on Friday. Rocky Mountain Chocolate Factory, Inc. has a 12-month low of $1.12 and a 12-month high of $3.49. The stock has a market cap of $13.61 million, a price-to-earnings ratio of -2.86 and a beta of 1.10. The business has a 50 day moving average of $1.60 and a 200-day moving average of $1.48. The company has a quick ratio of 0.91, a current ratio of 1.53 and a debt-to-equity ratio of 1.27.

Rocky Mountain Chocolate Factory (NASDAQ:RMCF) last released its quarterly earnings data on Monday, October 13th. The company reported ($0.09) earnings per share (EPS) for the quarter. Rocky Mountain Chocolate Factory had a negative net margin of 15.77% and a negative return on equity of 63.75%. The business had revenue of $6.82 million during the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Rocky Mountain Chocolate Factory in a research report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has an average rating of “Sell”.

Institutional Trading of Rocky Mountain Chocolate Factory

Several hedge funds have recently added to or reduced their stakes in the company. Wealthedge Investment Advisors LLC lifted its holdings in Rocky Mountain Chocolate Factory by 208.5% during the 1st quarter. Wealthedge Investment Advisors LLC now owns 121,582 shares of the company’s stock worth $148,000 after purchasing an additional 82,173 shares during the last quarter. Salvus Wealth Management LLC lifted its holdings in Rocky Mountain Chocolate Factory by 53.1% during the 3rd quarter. Salvus Wealth Management LLC now owns 23,567 shares of the company’s stock worth $37,000 after purchasing an additional 8,172 shares during the last quarter. Finally, Allworth Financial LP acquired a new stake in Rocky Mountain Chocolate Factory during the 1st quarter worth approximately $32,000. 50.27% of the stock is owned by institutional investors and hedge funds.

Rocky Mountain Chocolate Factory Company Profile

Rocky Mountain Chocolate Factory, Inc, together with its subsidiaries, operates as a confectionery franchisor, manufacturer, and retail operator. It operates through Franchising, Manufacturing, Retail Stores, and Other segments. The company produces approximately 400 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.