Krispy Kreme, Inc. (NASDAQ:DNUT – Get Free Report) Director Bernardo Hees purchased 200,989 shares of the business’s stock in a transaction that occurred on Thursday, May 28th. The stock was purchased at an average price of $3.42 per share, for a total transaction of $687,382.38. Following the completion of the transaction, the director directly owned 919,522 shares in the company, valued at $3,144,765.24. This trade represents a 27.97% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at this link.
Bernardo Hees also recently made the following trade(s):
- On Wednesday, May 27th, Bernardo Hees purchased 22,114 shares of Krispy Kreme stock. The stock was purchased at an average price of $3.38 per share, for a total transaction of $74,745.32.
- On Tuesday, May 26th, Bernardo Hees purchased 1,974 shares of Krispy Kreme stock. The stock was purchased at an average price of $3.30 per share, for a total transaction of $6,514.20.
Krispy Kreme Stock Performance
Shares of NASDAQ:DNUT opened at $3.52 on Friday. The company has a market capitalization of $606.85 million, a price-to-earnings ratio of -1.18 and a beta of 1.32. The firm’s 50 day simple moving average is $3.49 and its 200 day simple moving average is $3.66. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.42 and a quick ratio of 0.36. Krispy Kreme, Inc. has a fifty-two week low of $2.50 and a fifty-two week high of $5.73.
Hedge Funds Weigh In On Krispy Kreme
Several hedge funds have recently made changes to their positions in DNUT. Prudential Financial Inc. bought a new position in shares of Krispy Kreme in the second quarter valued at $32,000. Russell Investments Group Ltd. grew its stake in shares of Krispy Kreme by 1,229.5% in the third quarter. Russell Investments Group Ltd. now owns 8,469 shares of the company’s stock valued at $33,000 after buying an additional 7,832 shares in the last quarter. Captrust Financial Advisors bought a new position in shares of Krispy Kreme in the second quarter valued at $34,000. Apollon Wealth Management LLC bought a new position in shares of Krispy Kreme in the first quarter valued at $35,000. Finally, Raymond James Financial Inc. bought a new position in shares of Krispy Kreme in the second quarter valued at $37,000. 81.72% of the stock is owned by institutional investors.
Analyst Ratings Changes
A number of analysts recently weighed in on DNUT shares. Zacks Research downgraded shares of Krispy Kreme from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 15th. Weiss Ratings restated a “sell (d)” rating on shares of Krispy Kreme in a report on Friday, March 27th. Capital One Financial upgraded shares of Krispy Kreme from an “equal weight” rating to an “overweight” rating and set a $6.00 target price on the stock in a report on Thursday, March 26th. Finally, Wall Street Zen upgraded shares of Krispy Kreme from a “sell” rating to a “hold” rating in a report on Sunday, May 17th. Three analysts have rated the stock with a Buy rating, two have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Krispy Kreme presently has a consensus rating of “Hold” and a consensus price target of $4.63.
Check Out Our Latest Stock Analysis on DNUT
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.
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