Insider Buying: Rocky Mountain Chocolate Factory (NASDAQ:RMCF) CEO Acquires $22,374.00 in Stock

Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) CEO Jeffrey Richart Geygan purchased 11,300 shares of Rocky Mountain Chocolate Factory stock in a transaction dated Friday, January 16th. The shares were purchased at an average price of $1.98 per share, with a total value of $22,374.00. Following the completion of the acquisition, the chief executive officer owned 1,792,478 shares in the company, valued at $3,549,106.44. The trade was a 0.63% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Tuesday, November 4th, Jeffrey Richart Geygan acquired 8,935 shares of Rocky Mountain Chocolate Factory stock. The stock was purchased at an average price of $1.64 per share, for a total transaction of $14,653.40.

Rocky Mountain Chocolate Factory Price Performance

NASDAQ RMCF opened at $2.23 on Monday. The company has a quick ratio of 0.93, a current ratio of 1.66 and a debt-to-equity ratio of 1.29. The stock has a market capitalization of $20.81 million, a PE ratio of -4.29 and a beta of 0.71. Rocky Mountain Chocolate Factory, Inc. has a 12-month low of $1.12 and a 12-month high of $2.38. The company has a 50 day moving average price of $1.78 and a two-hundred day moving average price of $1.69.

Rocky Mountain Chocolate Factory (NASDAQ:RMCF) last released its quarterly earnings results on Tuesday, January 13th. The company reported ($0.02) earnings per share for the quarter. Rocky Mountain Chocolate Factory had a negative net margin of 13.62% and a negative return on equity of 62.48%. The business had revenue of $7.54 million for the quarter.

Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On Rocky Mountain Chocolate Factory

An institutional investor recently raised its position in Rocky Mountain Chocolate Factory stock. Salvus Wealth Management LLC increased its stake in shares of Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) by 53.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 23,567 shares of the company’s stock after acquiring an additional 8,172 shares during the quarter. Salvus Wealth Management LLC owned about 0.30% of Rocky Mountain Chocolate Factory worth $37,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 50.27% of the company’s stock.

Rocky Mountain Chocolate Factory Company Profile

Rocky Mountain Chocolate Factory, Inc is a specialty chocolate confectionery franchisor and manufacturer headquartered in Durango, Colorado. Established in 1981, the company develops, produces and markets a range of premium chocolate products, including truffles, caramels, toffees, fudge, nuts, dipped fruits and caramel apples. It operates company-owned retail stores as well as a franchised network, supplying handcrafted confections and related gift items through more than 300 retail locations across North America and select international markets.

From its origins as a single store in downtown Durango, Rocky Mountain Chocolate Factory introduced its first franchised outlets in the mid-1980s and completed a public offering in 1985.