Krispy Kreme (NASDAQ:DNUT) Director Purchases $571,496.60 in Stock

Krispy Kreme, Inc. (NASDAQ:DNUT) Director Bernardo Hees purchased 170,596 shares of the stock in a transaction on Wednesday, June 3rd. The stock was acquired at an average price of $3.35 per share, for a total transaction of $571,496.60. Following the completion of the purchase, the director directly owned 1,399,633 shares in the company, valued at approximately $4,688,770.55. The trade was a 13.88% increase in their position. The transaction was disclosed in a filing with the SEC, which is available 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 stock was purchased at an average cost of $3.29 per share, with a total value of $493,500.00.
• On Tuesday, June 2nd, Bernardo Hees acquired 235,875 shares of Krispy Kreme stock. The stock was 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 stock was acquired 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 acquired 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 acquired 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 acquired at an average cost of $3.30 per share, with a total value of $6,514.20.

Krispy Kreme Stock Performance

NASDAQ DNUT traded down $0.03 during trading on Thursday, reaching $3.27. The company’s stock had a trading volume of 1,754,618 shares, compared to its average volume of 2,398,985. The company has a current ratio of 0.42, a quick ratio of 0.36 and a debt-to-equity ratio of 1.31. The firm has a market capitalization of $563.75 million, a price-to-earnings ratio of -1.09 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 firm has a 50 day moving average price of $3.48 and a 200 day moving average price of $3.64.

Krispy Kreme (NASDAQ:DNUT) last posted its quarterly earnings data on Thursday, May 7th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.02). The business had revenue of $367.03 million during the quarter, compared to the consensus estimate of $359.42 million. Krispy Kreme had a negative net margin of 33.36% and a negative return on equity of 4.34%. The business’s revenue for the quarter was down 2.2% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.05) EPS. As a group, equities analysts anticipate that Krispy Kreme, Inc. will post -0.07 EPS for the current fiscal year.

Institutional Investors Weigh In On Krispy Kreme

Institutional investors have recently added to or reduced their stakes in the business. Divisadero Street Capital Management LP grew its holdings in Krispy Kreme by 117.9% during the 3rd quarter. Divisadero Street Capital Management LP now owns 1,089,341 shares of the company’s stock worth $4,216,000 after acquiring an additional 589,341 shares during the last quarter. Trustees of the University of Pennsylvania bought a new stake in Krispy Kreme during the 4th quarter worth approximately $8,077,000. Alpine Global Management LLC bought a new stake in Krispy Kreme during the 4th quarter worth approximately $92,000. Ground Swell Capital LLC bought a new stake in Krispy Kreme during the 4th quarter worth approximately $67,000. Finally, R Squared Ltd grew its holdings in Krispy Kreme by 61.7% during the 4th quarter. R Squared Ltd now owns 22,983 shares of the company’s stock worth $92,000 after acquiring an additional 8,767 shares during the last quarter. 81.72% of the stock is owned by institutional investors.

Krispy Kreme News Roundup

Here are the key news stories impacting Krispy Kreme this week:

• Positive Sentiment: Director Bernardo Hees bought 150,000 shares on June 4, adding to a series of recent insider purchases and signaling confidence in Krispy Kreme’s outlook. SEC Form 4 filing
• Positive Sentiment: Bernardo Hees also bought 170,596 shares on June 3, increasing his ownership in the company, which reinforces the bullish insider-buying trend. SEC Form 4 filing
• Positive Sentiment: The company is getting extra media attention around National Donut Day, with articles highlighting Krispy Kreme free-doughnut giveaways and promotions that could drive customer traffic and near-term sales. Yahoo Lifestyle article
• Neutral Sentiment: Several outlets are covering broader National Donut Day deals across multiple chains, which may boost awareness for Krispy Kreme but also highlights the competitive promotional environment. MSN article
• Negative Sentiment: The insider purchases do not change the company’s underlying operating challenges, and Krispy Kreme has recently reported weak profitability and negative margins, which may keep upside in check.

Analysts Set New Price Targets

Several brokerages have recently commented on DNUT. Wall Street Zen upgraded shares of Krispy Kreme from a “sell” rating to a “hold” rating in a research report on Sunday, May 17th. Zacks Research cut 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 research report on Friday, March 27th. Finally, Capital One Financial upgraded shares of Krispy Kreme from an “equal weight” rating to an “overweight” rating and set a $6.00 target price for the company in a research report on Thursday, March 26th. Three investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $4.63.

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.