Krispy Kreme (NASDAQ:DNUT) Director Purchases $74,745.32 in Stock

Krispy Kreme, Inc. (NASDAQ:DNUT) Director Bernardo Hees bought 22,114 shares of Krispy Kreme stock in a transaction that occurred on Wednesday, May 27th. The stock was purchased at an average price of $3.38 per share, for a total transaction of $74,745.32. Following the acquisition, the director directly owned 718,533 shares of the company’s stock, valued at $2,428,641.54. The trade was a 3.18% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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 price 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 price of $3.30 per share, for a total transaction of $6,514.20.

Krispy Kreme Trading Up 0.3%

Krispy Kreme stock traded up $0.01 during midday trading on Thursday, reaching $3.42. The stock had a trading volume of 1,827,651 shares, compared to its average volume of 2,352,272. Krispy Kreme, Inc. has a twelve month low of $2.50 and a twelve month high of $5.73. The stock has a market capitalization of $589.61 million, a PE ratio of -1.14 and a beta of 1.32. 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 stock’s 50-day simple moving average is $3.49 and its 200 day simple moving average is $3.67.

Krispy Kreme (NASDAQ:DNUT) last issued its earnings results on Thursday, May 7th. The company reported ($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.02). Krispy Kreme had a negative net margin of 33.36% and a negative return on equity of 4.34%. The firm had revenue of $367.03 million during the quarter, compared to analyst estimates of $359.42 million. During the same quarter in the previous year, the business posted ($0.05) EPS. Krispy Kreme’s revenue was down 2.2% compared to the same quarter last year. Analysts expect that Krispy Kreme, Inc. will post -0.01 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages recently weighed in on DNUT. Wall Street Zen upgraded Krispy Kreme from a “sell” rating to a “hold” rating in a report on Sunday, May 17th. Weiss Ratings restated a “sell (d)” rating on shares of Krispy Kreme in a research note on Friday, March 27th. Capital One Financial upgraded 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. Finally, Zacks Research cut Krispy Kreme from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 15th. Three research analysts have rated the stock with a Buy rating, two have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, Krispy Kreme presently has an average rating of “Hold” and an average price target of $4.63.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Prudential Financial Inc. acquired a new position in shares of Krispy Kreme during the second quarter worth about $32,000. Russell Investments Group Ltd. lifted 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 worth $33,000 after purchasing an additional 7,832 shares in the last quarter. Captrust Financial Advisors acquired a new position in shares of Krispy Kreme during the second quarter worth about $34,000. Apollon Wealth Management LLC acquired a new position in shares of Krispy Kreme during the first quarter worth about $35,000. Finally, Raymond James Financial Inc. acquired a new position in shares of Krispy Kreme during the second quarter worth about $37,000. Institutional investors and hedge funds own 81.72% of the company’s stock.

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.