Jeffrey Richart Geygan Purchases 13,753 Shares of Rocky Mountain Chocolate Factory (NASDAQ:RMCF) Stock

Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) CEO Jeffrey Richart Geygan acquired 13,753 shares of the stock in a transaction dated Monday, October 20th. The shares were purchased at an average cost of $1.61 per share, with a total value of $22,142.33. Following the completion of the purchase, the chief executive officer owned 1,758,321 shares of the company’s stock, valued at approximately $2,830,896.81. The trade was a 0.79% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

• On Friday, October 17th, Jeffrey Richart Geygan purchased 61,670 shares of Rocky Mountain Chocolate Factory stock. The stock was bought at an average cost of $1.59 per share, with a total value of $98,055.30.

Rocky Mountain Chocolate Factory Price Performance

RMCF stock opened at $1.79 on Thursday. Rocky Mountain Chocolate Factory, Inc. has a 1 year low of $1.12 and a 1 year high of $3.49. The company has a market cap of $13.96 million, a P/E ratio of -2.93 and a beta of 1.10. The firm has a 50-day moving average of $1.59 and a 200 day moving average of $1.47. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.53 and a quick ratio of 0.91.

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

Institutional Investors Weigh In On Rocky Mountain Chocolate Factory

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Salvus Wealth Management LLC grew its holdings in 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 purchasing an additional 8,172 shares during the period. Allworth Financial LP purchased a new stake in Rocky Mountain Chocolate Factory in the first quarter worth about $32,000. Finally, Wealthedge Investment Advisors LLC grew its holdings in shares of Rocky Mountain Chocolate Factory by 208.5% during the first quarter. Wealthedge Investment Advisors LLC now owns 121,582 shares of the company’s stock valued at $148,000 after buying an additional 82,173 shares during the last quarter. Hedge funds and other institutional investors own 50.27% of the company’s stock.

Analyst Upgrades and Downgrades

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

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 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.