Rocky Mountain Chocolate Factory (NASDAQ:RMCF) CEO Jeffrey Richart Geygan Acquires 6,720 Shares

Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) CEO Jeffrey Richart Geygan purchased 6,720 shares of Rocky Mountain Chocolate Factory stock in a transaction that occurred on Friday, October 24th. The stock was acquired at an average cost of $1.82 per share, with a total value of $12,230.40. Following the transaction, the chief executive officer owned 1,784,993 shares in the company, valued at $3,248,687.26. This trade represents a 0.38% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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 price of $1.78 per share, with a total value of $15,619.50.
• On Tuesday, October 21st, Jeffrey Richart Geygan bought 14,562 shares of Rocky Mountain Chocolate Factory stock. The shares were bought at an average cost of $1.65 per share, for a total transaction of $24,027.30.
• On Monday, October 20th, Jeffrey Richart Geygan acquired 13,753 shares of Rocky Mountain Chocolate Factory stock. The shares were purchased at an average cost of $1.61 per share, for a total transaction of $22,142.33.
• On Friday, October 17th, Jeffrey Richart Geygan bought 61,670 shares of Rocky Mountain Chocolate Factory stock. The stock was acquired at an average price of $1.59 per share, for a total transaction of $98,055.30.

Rocky Mountain Chocolate Factory Stock Down 1.7%

RMCF stock opened at $1.72 on Wednesday. The stock’s fifty day simple moving average is $1.62 and its two-hundred day simple moving average is $1.49. The company has a current ratio of 1.53, a quick ratio of 0.91 and a debt-to-equity ratio of 1.27. Rocky Mountain Chocolate Factory, Inc. has a 1-year low of $1.12 and a 1-year high of $3.28. The stock has a market cap of $13.42 million, a P/E ratio of -2.82 and a beta of 1.10.

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

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On Rocky Mountain Chocolate Factory

Large investors have recently modified their holdings of the company. Allworth Financial LP purchased a new position in shares of Rocky Mountain Chocolate Factory during the 1st quarter valued at about $32,000. Salvus Wealth Management LLC increased its holdings in shares of Rocky Mountain Chocolate Factory by 53.1% in the third quarter. Salvus Wealth Management LLC now owns 23,567 shares of the company’s stock worth $37,000 after buying an additional 8,172 shares during the period. Finally, Wealthedge Investment Advisors LLC increased its holdings in shares of Rocky Mountain Chocolate Factory by 208.5% in the first quarter. Wealthedge Investment Advisors LLC now owns 121,582 shares of the company’s stock worth $148,000 after buying an additional 82,173 shares during the period. 50.27% of the stock is owned by hedge funds and other institutional investors.

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.