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

Krispy Kreme, Inc. (NASDAQ:DNUTGet Free Report) Director Bernardo Hees acquired 25,002 shares of Krispy Kreme stock in a transaction that occurred on Friday, June 5th. The shares were purchased at an average cost of $3.49 per share, with a total value of $87,256.98. Following the purchase, the director owned 1,574,635 shares of the company’s stock, valued at $5,495,476.15. This represents a 1.61% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

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

NASDAQ:DNUT traded up $0.19 during mid-day trading on Monday, hitting $3.70. 3,947,085 shares of the stock traded hands, compared to its average volume of 2,381,942. The business’s 50-day moving average price is $3.48 and its 200 day moving average price is $3.63. The company has a market cap of $637.88 million, a PE ratio of -1.24 and a beta of 1.27. Krispy Kreme, Inc. has a 12-month low of $2.50 and a 12-month high of $5.73. The company has a quick ratio of 0.36, a current ratio of 0.42 and a debt-to-equity ratio of 1.31.

Krispy Kreme (NASDAQ:DNUTGet Free Report) last issued 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). The firm had revenue of $367.03 million for the quarter, compared to analysts’ expectations of $359.42 million. Krispy Kreme had a negative net margin of 33.36% and a negative return on equity of 4.34%. Krispy Kreme’s revenue was down 2.2% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.05) EPS. On average, analysts expect that Krispy Kreme, Inc. will post -0.07 EPS for the current fiscal year.

Institutional Investors Weigh In On Krispy Kreme

A number of 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 1st quarter valued at $217,000. Millennium Management LLC boosted its stake in shares of Krispy Kreme by 522.1% in the 1st 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 in the last quarter. Creative Planning boosted its stake in shares of Krispy Kreme by 568.2% in the 2nd quarter. Creative Planning now owns 67,074 shares of the company’s stock valued at $195,000 after purchasing an additional 57,036 shares in the last quarter. Legal & General Group Plc boosted its stake in shares of Krispy Kreme by 44.0% in the 2nd 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 in the last quarter. Finally, Prudential Financial Inc. purchased a new stake in shares of Krispy Kreme in the 2nd quarter valued at $32,000. Hedge funds and other institutional investors own 81.72% of the company’s stock.

Wall Street Analyst Weigh In

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

View Our Latest Stock Report on DNUT

Krispy Kreme Company Profile

(Get Free Report)

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.

See Also

Insider Buying and Selling by Quarter for Krispy Kreme (NASDAQ:DNUT)

Receive News & Ratings for Krispy Kreme Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Krispy Kreme and related companies with MarketBeat.com's FREE daily email newsletter.