Bernardo Hees Acquires 235,875 Shares of Krispy Kreme (NASDAQ:DNUT) Stock

Krispy Kreme, Inc. (NASDAQ:DNUTGet Free Report) Director Bernardo Hees purchased 235,875 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The stock was acquired at an average cost of $3.39 per share, with a total value of $799,616.25. Following the completion of the acquisition, the director directly owned 1,229,037 shares of the company’s stock, valued at $4,166,435.43. This represents a 23.75% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, 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 stock was acquired at an average cost of $3.29 per share, with a total value of $493,500.00.
  • On Wednesday, June 3rd, Bernardo Hees purchased 170,596 shares of Krispy Kreme stock. The stock was acquired at an average cost of $3.35 per share, with a total value of $571,496.60.
  • On Monday, June 1st, Bernardo Hees acquired 73,640 shares of Krispy Kreme stock. The stock was 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 stock was 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 stock was 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 stock was purchased at an average cost of $3.30 per share, with a total value of $6,514.20.

Krispy Kreme Price Performance

DNUT stock opened at $3.51 on Friday. The company has a market capitalization of $605.12 million, a P/E ratio of -1.17 and a beta of 1.27. Krispy Kreme, Inc. has a twelve month low of $2.50 and a twelve month high of $5.73. The business has a 50 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 (NASDAQ:DNUTGet Free Report) last posted its quarterly earnings data on Thursday, May 7th. The company reported ($0.05) earnings per share 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 analyst estimates 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% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.05) earnings per share. As a group, equities analysts anticipate that Krispy Kreme, Inc. will post -0.07 EPS for the current year.

Krispy Kreme News Roundup

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

Hedge funds have recently modified their holdings of the stock. Russell Investments Group Ltd. lifted its holdings 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 worth $33,000 after purchasing an additional 7,832 shares during the period. FNY Investment Advisers LLC acquired a new stake in shares of Krispy Kreme during the fourth quarter worth $40,000. Apollon Wealth Management LLC acquired a new stake in shares of Krispy Kreme during the first quarter worth $35,000. Prudential Financial Inc. acquired a new stake in shares of Krispy Kreme during the second quarter worth $32,000. Finally, Captrust Financial Advisors acquired a new stake in shares of Krispy Kreme during the second quarter worth $34,000. 81.72% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on DNUT. Weiss Ratings reissued a “sell (d)” rating on shares of Krispy Kreme in a 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 for the company in a report on Thursday, March 26th. Zacks Research downgraded Krispy Kreme from a “strong-buy” rating to a “hold” rating in a report on Friday, May 15th. Finally, Wall Street Zen raised 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 issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $4.63.

View Our Latest Stock Analysis on DNUT

About Krispy Kreme

(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.

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