Insider Buying: Krispy Kreme (NASDAQ:DNUT) Director Purchases $493,500.00 in Stock

Krispy Kreme, Inc. (NASDAQ:DNUT) Director Bernardo Hees purchased 150,000 shares of the stock in a transaction dated Thursday, June 4th. The shares were acquired at an average price of $3.29 per share, with a total value of $493,500.00. Following the transaction, the director owned 1,549,633 shares in the company, valued at $5,098,292.57. This trade represents a 10.72% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Wednesday, June 3rd, Bernardo Hees purchased 170,596 shares of Krispy Kreme stock. The shares were acquired at an average price of $3.35 per share, with a total value of $571,496.60.
• On Tuesday, June 2nd, Bernardo Hees purchased 235,875 shares of Krispy Kreme stock. The shares were acquired at an average price of $3.39 per share, with a total value of $799,616.25.
• On Monday, June 1st, Bernardo Hees purchased 73,640 shares of Krispy Kreme stock. The shares were acquired at an average price of $3.44 per share, with a total value of $253,321.60.
• On Thursday, May 28th, Bernardo Hees purchased 200,989 shares of Krispy Kreme stock. The shares were acquired at an average price of $3.42 per share, with a total value of $687,382.38.
• On Wednesday, May 27th, Bernardo Hees purchased 22,114 shares of Krispy Kreme stock. The shares were acquired at an average price of $3.38 per share, with a total value of $74,745.32.
• On Tuesday, May 26th, Bernardo Hees purchased 1,974 shares of Krispy Kreme stock. The shares were acquired at an average price of $3.30 per share, with a total value of $6,514.20.

Krispy Kreme Stock Up 7.3%

Shares of NASDAQ:DNUT opened at $3.51 on Friday. Krispy Kreme, Inc. has a one year low of $2.50 and a one year high of $5.73. The company has a 50 day moving average of $3.48 and a 200-day moving average of $3.64. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.42 and a quick ratio of 0.36. The stock has a market cap of $605.12 million, a price-to-earnings ratio of -1.17 and a beta of 1.27.

Krispy Kreme (NASDAQ:DNUT) last issued its quarterly earnings results on Thursday, May 7th. The company reported ($0.05) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.02). Krispy Kreme had a negative return on equity of 4.34% and a negative net margin of 33.36%.The business had revenue of $367.03 million for the quarter, compared to analyst estimates of $359.42 million. During the same quarter in the prior year, the firm earned ($0.05) EPS. The firm’s quarterly revenue was down 2.2% compared to the same quarter last year. On average, sell-side analysts forecast that Krispy Kreme, Inc. will post -0.07 earnings per share for the current year.

Analysts Set New Price Targets

DNUT has been the topic of several recent analyst reports. Weiss Ratings reissued a “sell (d)” rating on shares of Krispy Kreme in a research note on Friday, March 27th. Zacks Research lowered shares of Krispy Kreme from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 15th. Capital One Financial raised shares of 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, Wall Street Zen raised shares of Krispy Kreme from a “sell” rating to a “hold” rating in a research report on Sunday, May 17th. Three investment 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 data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $4.63.

Institutional Trading of Krispy Kreme

Several institutional investors and hedge funds have recently added to or reduced their stakes in DNUT. Prudential Financial Inc. bought a new stake in Krispy Kreme during the second quarter worth $32,000. Russell Investments Group Ltd. raised its position in 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 acquiring an additional 7,832 shares in the last quarter. Captrust Financial Advisors bought a new stake in Krispy Kreme during the second quarter worth $34,000. Apollon Wealth Management LLC bought a new stake in Krispy Kreme during the first quarter worth $35,000. Finally, Raymond James Financial Inc. bought a new position in shares of Krispy Kreme in the second quarter valued at about $37,000. 81.72% of the stock is owned by institutional investors.

More Krispy Kreme News

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

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.