Insider Buying: Krispy Kreme (NASDAQ:DNUT) Director Buys 235,875 Shares of Stock

Krispy Kreme, Inc. (NASDAQ:DNUT) Director Bernardo Hees bought 235,875 shares of the business’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was purchased at an average cost of $3.39 per share, for a total transaction of $799,616.25. Following the completion of the transaction, the director directly owned 1,229,037 shares in the company, valued at approximately $4,166,435.43. This trade represents a 23.75% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Thursday, June 4th, Bernardo Hees bought 150,000 shares of Krispy Kreme stock. The stock was purchased at an average cost of $3.29 per share, for a total transaction of $493,500.00.
• On Wednesday, June 3rd, Bernardo Hees bought 170,596 shares of Krispy Kreme stock. The stock was purchased at an average cost of $3.35 per share, for a total transaction of $571,496.60.
• On Monday, June 1st, Bernardo Hees bought 73,640 shares of Krispy Kreme stock. The stock was purchased at an average cost of $3.44 per share, for a total transaction of $253,321.60.
• On Thursday, May 28th, Bernardo Hees bought 200,989 shares of Krispy Kreme stock. The stock was purchased at an average cost of $3.42 per share, for a total transaction of $687,382.38.
• On Wednesday, May 27th, Bernardo Hees acquired 22,114 shares of Krispy Kreme stock. The stock was bought at an average cost 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 stock was bought at an average cost of $3.30 per share, for a total transaction of $6,514.20.

Krispy Kreme Stock Down 0.9%

NASDAQ:DNUT traded down $0.03 during mid-day trading on Thursday, hitting $3.27. The company had a trading volume of 1,754,618 shares, compared to its average volume of 2,398,985. The business has a fifty day simple moving average of $3.48 and a 200-day simple moving average of $3.64. The company has a current ratio of 0.42, a quick ratio of 0.36 and a debt-to-equity ratio of 1.31. Krispy Kreme, Inc. has a 1 year low of $2.50 and a 1 year high of $5.73. The firm has a market capitalization of $563.75 million, a price-to-earnings ratio of -1.09 and a beta of 1.27.

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

Institutional Trading of Krispy Kreme

A number of hedge funds and other institutional investors have recently modified their holdings of DNUT. Marshall Wace LLP purchased a new stake in shares of Krispy Kreme during the third quarter worth about $11,704,000. Balyasny Asset Management L.P. increased its position in shares of Krispy Kreme by 419.2% during the third quarter. Balyasny Asset Management L.P. now owns 2,795,546 shares of the company’s stock worth $10,819,000 after acquiring an additional 2,257,061 shares during the last quarter. Trustees of the University of Pennsylvania purchased a new stake in shares of Krispy Kreme during the fourth quarter worth about $8,077,000. Millennium Management LLC increased its position in shares of Krispy Kreme by 522.1% during the first quarter. Millennium Management LLC now owns 2,093,416 shares of the company’s stock worth $10,300,000 after acquiring an additional 1,756,932 shares during the last quarter. Finally, Federated Hermes Inc. increased its position in shares of Krispy Kreme by 42.4% during the fourth quarter. Federated Hermes Inc. now owns 3,565,152 shares of the company’s stock worth $14,332,000 after acquiring an additional 1,061,308 shares during the last quarter. 81.72% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Key Stories Impacting Krispy Kreme

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

• Positive Sentiment: Director Bernardo Hees bought 150,000 shares on June 4, adding to a series of recent insider purchases and signaling confidence in Krispy Kreme’s outlook. SEC Form 4 filing
• Positive Sentiment: Bernardo Hees also bought 170,596 shares on June 3, increasing his ownership in the company, which reinforces the bullish insider-buying trend. SEC Form 4 filing
• Positive Sentiment: The company is getting extra media attention around National Donut Day, with articles highlighting Krispy Kreme free-doughnut giveaways and promotions that could drive customer traffic and near-term sales. Yahoo Lifestyle article
• Neutral Sentiment: Several outlets are covering broader National Donut Day deals across multiple chains, which may boost awareness for Krispy Kreme but also highlights the competitive promotional environment. MSN article
• Negative Sentiment: The insider purchases do not change the company’s underlying operating challenges, and Krispy Kreme has recently reported weak profitability and negative margins, which may keep upside in check.

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.