Krispy Kreme, Inc. (NASDAQ:DNUT – Get Free Report) Director Bernardo Hees purchased 22,114 shares of the firm’s stock in a transaction dated Wednesday, May 27th. The stock was purchased at an average cost of $3.38 per share, for a total transaction of $74,745.32. Following the acquisition, the director owned 718,533 shares of the company’s stock, valued at approximately $2,428,641.54. This trade represents a 3.18% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Bernardo Hees also recently made the following trade(s):
- 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 Tuesday, May 26th, Bernardo Hees bought 1,974 shares of Krispy Kreme stock. The stock was purchased at an average cost of $3.30 per share, for a total transaction of $6,514.20.
Krispy Kreme Stock Up 0.3%
DNUT opened at $3.42 on Friday. The stock has a market cap of $589.61 million, a PE ratio of -1.14 and a beta of 1.32. 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, Inc. has a 52 week low of $2.50 and a 52 week high of $5.73. The business’s fifty day simple moving average is $3.49 and its 200 day simple moving average is $3.66.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the stock. Prudential Financial Inc. bought a new position in shares of Krispy Kreme during the second quarter valued at about $32,000. Russell Investments Group Ltd. grew its stake in shares of Krispy Kreme by 1,229.5% during 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 during the last quarter. Captrust Financial Advisors bought a new position in shares of Krispy Kreme during the second quarter valued at about $34,000. Apollon Wealth Management LLC bought a new position in shares of Krispy Kreme during the first quarter valued at about $35,000. Finally, Raymond James Financial Inc. bought a new position in shares of Krispy Kreme during the second quarter valued at about $37,000. 81.72% of the stock is owned by institutional investors.
Analysts Set New Price Targets
A number of research analysts recently commented on the company. Wall Street Zen raised Krispy Kreme from a “sell” rating to a “hold” rating in a research note on Sunday, May 17th. Capital One Financial raised Krispy Kreme from an “equal weight” rating to an “overweight” rating and set a $6.00 target price on the stock 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 report on Friday, May 15th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Krispy Kreme in a research report on Friday, March 27th. 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 a consensus rating of “Hold” and a consensus price target of $4.63.
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.
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