Krispy Kreme (NASDAQ:DNUT) Director Acquires $87,256.98 in Stock

Krispy Kreme, Inc. (NASDAQ:DNUT) Director Bernardo Hees purchased 25,002 shares of the firm’s stock in a transaction that occurred on Friday, June 5th. The stock was acquired at an average price of $3.49 per share, for a total transaction of $87,256.98. Following the completion of the purchase, the director owned 1,574,635 shares of the company’s stock, valued at approximately $5,495,476.15. This represents a 1.61% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Bernardo Hees also recently made the following trade(s):

• On Thursday, June 4th, Bernardo Hees purchased 150,000 shares of Krispy Kreme stock. The stock was acquired at an average price of $3.29 per share, for a total transaction of $493,500.00.
• On Wednesday, June 3rd, Bernardo Hees purchased 170,596 shares of Krispy Kreme stock. The stock was acquired at an average price of $3.35 per share, for a total transaction of $571,496.60.
• On Tuesday, June 2nd, Bernardo Hees purchased 235,875 shares of Krispy Kreme stock. The stock was acquired at an average price of $3.39 per share, for a total transaction of $799,616.25.
• On Monday, June 1st, Bernardo Hees purchased 73,640 shares of Krispy Kreme stock. The stock was acquired at an average price of $3.44 per share, for a total transaction of $253,321.60.
• On Thursday, May 28th, Bernardo Hees purchased 200,989 shares of Krispy Kreme stock. The stock was acquired at an average price of $3.42 per share, for a total transaction of $687,382.38.
• On Wednesday, May 27th, Bernardo Hees purchased 22,114 shares of Krispy Kreme stock. The stock was acquired at an average price of $3.38 per share, for a total transaction of $74,745.32.
• On Tuesday, May 26th, Bernardo Hees acquired 1,974 shares of Krispy Kreme stock. The shares were purchased at an average cost of $3.30 per share, with a total value of $6,514.20.

Krispy Kreme Stock Performance

Shares of DNUT stock opened at $3.90 on Thursday. The stock has a fifty day moving average price of $3.51 and a 200 day moving average price of $3.63. The stock has a market cap of $672.36 million, a PE ratio of -1.30 and a beta of 1.27. Krispy Kreme, Inc. has a 1 year low of $2.50 and a 1 year high of $5.73. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.36 and a current ratio of 0.42.

Krispy Kreme (NASDAQ:DNUT) last issued its quarterly earnings data on Thursday, May 7th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.02). The firm had revenue of $367.03 million for the quarter, compared to analyst estimates of $359.42 million. Krispy Kreme had a negative return on equity of 4.34% and a negative net margin of 33.36%.The business’s revenue for the quarter was down 2.2% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.05) earnings per share. Sell-side analysts forecast that Krispy Kreme, Inc. will post -0.07 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently issued reports on DNUT shares. Capital One Financial raised Krispy Kreme from an “equal weight” rating to an “overweight” rating and set a $6.00 price objective for the company in a report on Thursday, March 26th. Wall Street Zen raised Krispy Kreme from a “sell” rating to a “hold” rating in a report on Sunday, May 17th. Zacks Research cut Krispy Kreme from a “strong-buy” rating to a “hold” rating in a report on Friday, May 15th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Krispy Kreme in a report on Friday, March 27th. Three research analysts have rated the stock with a Buy rating, two have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $4.63.

Trending Headlines about Krispy Kreme

Here are the key news stories impacting Krispy Kreme this week:

• Positive Sentiment: Krispy Kreme launched a limited-time Match Day Dozen and World Cup-themed promotions, giving the brand a timely marketing push that could boost shop traffic and sales. Article Title
• Positive Sentiment: Director Bernardo Hees bought additional DNUT shares, adding to a series of recent insider purchases that may signal management confidence in the stock’s outlook. Article Title

Institutional Investors Weigh In On Krispy Kreme

A number of hedge funds and other institutional investors have recently made changes to their positions in DNUT. AQR Capital Management LLC purchased a new stake in shares of Krispy Kreme in the first quarter valued at $217,000. Millennium Management LLC grew its position in shares of Krispy Kreme by 522.1% in the first quarter. Millennium Management LLC now owns 2,093,416 shares of the company’s stock valued at $10,300,000 after purchasing an additional 1,756,932 shares during the period. Creative Planning grew its position in shares of Krispy Kreme by 568.2% in the second quarter. Creative Planning now owns 67,074 shares of the company’s stock valued at $195,000 after purchasing an additional 57,036 shares during the period. Legal & General Group Plc grew its position in shares of Krispy Kreme by 44.0% in the second quarter. Legal & General Group Plc now owns 137,268 shares of the company’s stock valued at $399,000 after purchasing an additional 41,929 shares during the period. Finally, Prudential Financial Inc. purchased a new stake in shares of Krispy Kreme in the second quarter valued at $32,000. Hedge funds and other institutional investors own 81.72% of the company’s stock.

About Krispy Kreme

Krispy Kreme Doughnuts, Inc (NASDAQ: DNUT) is a global retailer and wholesaler renowned for its signature Original Glazed doughnut and a variety of other sweet treats. The company operates through a combination of company-owned stores, franchise outlets and strategic partnerships with supermarkets, convenience stores and other foodservice channels. In addition to its doughnut portfolio, Krispy Kreme offers freshly brewed coffee, assorted beverages and proprietary seasonal items designed to drive traffic and foster brand loyalty.

Founded in 1937 in Winston-Salem, North Carolina, by Vernon Rudolph, Krispy Kreme has grown from a single local shop to a multinational brand.