Krispy Kreme (NASDAQ:DNUT) Director Buys $571,496.60 in Stock

Krispy Kreme, Inc. (NASDAQ:DNUT) Director Bernardo Hees purchased 170,596 shares of the business’s stock in a transaction that occurred on Wednesday, June 3rd. The shares were purchased at an average price of $3.35 per share, for a total transaction of $571,496.60. Following the completion of the acquisition, the director directly owned 1,399,633 shares in the company, valued at $4,688,770.55. The trade was a 13.88% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

• On Thursday, June 4th, Bernardo Hees purchased 150,000 shares of Krispy Kreme stock. The shares were purchased at an average price of $3.29 per share, for a total transaction of $493,500.00.
• On Tuesday, June 2nd, Bernardo Hees purchased 235,875 shares of Krispy Kreme stock. The shares were purchased 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 shares were purchased 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 shares were purchased at an average price of $3.42 per share, for a total transaction of $687,382.38.
• On Wednesday, May 27th, Bernardo Hees bought 22,114 shares of Krispy Kreme stock. The stock was bought at an average price of $3.38 per share, for a total transaction of $74,745.32.
• On Tuesday, May 26th, Bernardo Hees bought 1,974 shares of Krispy Kreme stock. The shares were bought at an average cost of $3.30 per share, for a total transaction of $6,514.20.

Krispy Kreme Stock Performance

Krispy Kreme stock opened at $3.51 on Friday. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.36 and a current ratio of 0.42. The company has a market capitalization of $605.12 million, a PE ratio of -1.17 and a beta of 1.27. The company has a 50 day moving average price of $3.48 and a 200-day moving average price of $3.64. Krispy Kreme, Inc. has a fifty-two week low of $2.50 and a fifty-two week high of $5.73.

Krispy Kreme (NASDAQ:DNUT) last announced 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 during the quarter, compared to the consensus estimate of $359.42 million. Krispy Kreme had a negative return on equity of 4.34% and a negative net margin of 33.36%.The firm’s revenue for the quarter was down 2.2% compared to the same quarter last year. During the same period last year, the company earned ($0.05) EPS. As a group, equities analysts forecast that Krispy Kreme, Inc. will post -0.07 earnings per share for the current year.

Key Krispy Kreme News

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

• Positive Sentiment: Director Bernardo Hees made another sizable open-market purchase of 150,000 shares at $3.29, extending a string of insider buys that may signal confidence in Krispy Kreme’s outlook. SEC Form 4 filing
• Positive Sentiment: Hees also bought 170,596 and 235,875 shares earlier in the week, reinforcing the impression of sustained insider accumulation rather than a one-off trade. SEC Form 4 filing
• Positive Sentiment: National Donut Day coverage is giving Krispy Kreme broad promotional visibility, with free-doughnut deals likely to drive extra store traffic and near-term sales. Article reference
• Neutral Sentiment: Most of the National Donut Day headlines are broad consumer promotions across multiple chains, so the benefit to DNUT may be temporary unless it leads to repeat purchases. Article reference

Institutional Investors Weigh In On Krispy Kreme

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

Analysts Set New Price Targets

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

Krispy Kreme Company Profile

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.