Krispy Kreme (NASDAQ:DNUT) Director Bernardo Hees Buys 73,640 Shares of Stock

Krispy Kreme, Inc. (NASDAQ:DNUT) Director Bernardo Hees acquired 73,640 shares of the stock in a transaction on Monday, June 1st. The shares were purchased at an average price of $3.44 per share, for a total transaction of $253,321.60. Following the completion of the transaction, the director owned 993,162 shares in the company, valued at approximately $3,416,477.28. This represents a 8.01% increase in their position. The acquisition was disclosed in a legal 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 shares were purchased at an average price of $3.29 per share, for a total transaction of $493,500.00.
• On Wednesday, June 3rd, Bernardo Hees acquired 170,596 shares of Krispy Kreme stock. The shares were purchased at an average price of $3.35 per share, for a total transaction of $571,496.60.
• On Tuesday, June 2nd, Bernardo Hees acquired 235,875 shares of Krispy Kreme stock. The shares were purchased at an average price of $3.39 per share, for a total transaction of $799,616.25.
• On Thursday, May 28th, Bernardo Hees acquired 200,989 shares of Krispy Kreme stock. The shares were purchased at an average price of $3.42 per share, for a total transaction of $687,382.38.
• On Wednesday, May 27th, Bernardo Hees purchased 22,114 shares of Krispy Kreme stock. The shares were bought at an average price of $3.38 per share, for a total transaction of $74,745.32.
• On Tuesday, May 26th, Bernardo Hees purchased 1,974 shares of Krispy Kreme stock. The shares were bought at an average price of $3.30 per share, for a total transaction of $6,514.20.

Krispy Kreme Trading Down 0.9%

Krispy Kreme stock opened at $3.27 on Friday. The company’s fifty day simple moving average is $3.48 and its 200-day simple moving average is $3.64. 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 12 month low of $2.50 and a 12 month high of $5.73. The stock has a market cap of $563.75 million, a P/E ratio of -1.09 and a beta of 1.27.

Krispy Kreme (NASDAQ:DNUT) last posted 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 net margin of 33.36% and a negative return on equity of 4.34%. The company had revenue of $367.03 million for the quarter, compared to analysts’ expectations of $359.42 million. During the same quarter in the prior year, the firm earned ($0.05) earnings per share. The company’s revenue was down 2.2% on a year-over-year basis. As a group, sell-side analysts forecast that Krispy Kreme, Inc. will post -0.07 EPS for the current fiscal year.

More Krispy Kreme News

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

• Positive Sentiment: Director Bernardo Hees bought 150,000 shares at $3.29, adding to a series of purchases over several days and increasing his stake by 10.72%. Multiple open-market buys from a director can signal confidence in Krispy Kreme’s outlook. SEC Form 4 filing
• Positive Sentiment: Hees also purchased 170,596 shares at $3.35 and 235,875 shares at $3.39 earlier in the week, reinforcing the impression of sustained insider accumulation rather than a one-off trade. SEC Form 4 filing
• Positive Sentiment: Krispy Kreme is being featured in National Donut Day promotions and free-doughnut giveaways, which can drive higher store traffic, brand visibility, and near-term sales momentum. Article reference
• Neutral Sentiment: Media coverage around National Donut Day is broad across multiple outlets and competitors, so the sales benefit to Krispy Kreme is likely temporary unless it converts into repeat traffic. Article reference

Institutional Investors Weigh In On Krispy Kreme

Several institutional investors and hedge funds have recently modified their holdings of DNUT. Prudential Financial Inc. acquired a new stake in shares of Krispy Kreme in the 2nd quarter valued at $32,000. Russell Investments Group Ltd. lifted its stake in shares of Krispy Kreme by 1,229.5% in the 3rd quarter. Russell Investments Group Ltd. now owns 8,469 shares of the company’s stock valued at $33,000 after purchasing an additional 7,832 shares during the last quarter. Captrust Financial Advisors acquired a new stake in shares of Krispy Kreme in the 2nd quarter valued at $34,000. Apollon Wealth Management LLC acquired a new stake in shares of Krispy Kreme in the 1st quarter valued at $35,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of Krispy Kreme in the 2nd quarter valued at $37,000. Institutional investors and hedge funds own 81.72% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on DNUT shares. Capital One Financial upgraded shares of Krispy Kreme from an “equal weight” rating to an “overweight” rating and set a $6.00 price target on the stock in a report on Thursday, March 26th. Zacks Research cut shares of Krispy Kreme from a “strong-buy” rating to a “hold” rating in a report on Friday, May 15th. Wall Street Zen upgraded shares of Krispy Kreme from a “sell” rating to a “hold” rating in a report on Sunday, May 17th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Krispy Kreme in a research note on Friday, March 27th. Three research analysts have rated the stock with a Buy rating, two have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price 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.