Bernardo Hees Acquires 170,596 Shares of Krispy Kreme (NASDAQ:DNUT) Stock

Krispy Kreme, Inc. (NASDAQ:DNUT) Director Bernardo Hees acquired 170,596 shares of Krispy Kreme stock in a transaction that occurred on Wednesday, June 3rd. The stock was bought at an average price of $3.35 per share, with a total value of $571,496.60. Following the purchase, the director directly owned 1,399,633 shares of the company’s stock, valued at approximately $4,688,770.55. This trade represents a 13.88% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through this link.

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 bought at an average price 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 bought at an average price 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 bought at an average price 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 bought at an average price 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 bought at an average price 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 bought at an average price of $3.30 per share, with a total value of $6,514.20.

Krispy Kreme Stock Performance

Shares of DNUT opened at $3.51 on Friday. 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 stock has a market cap of $605.12 million, a P/E ratio of -1.17 and a beta of 1.27. The company has a 50-day moving average of $3.48 and a two-hundred day moving average of $3.64. Krispy Kreme, Inc. has a 12-month low of $2.50 and a 12-month high of $5.73.

Krispy Kreme (NASDAQ:DNUT) last announced its earnings results 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 for the quarter, compared to analyst estimates of $359.42 million. Krispy Kreme had a negative return on equity of 4.34% and a negative net margin of 33.36%.The business’s revenue was down 2.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.05) EPS. As a group, research analysts predict that Krispy Kreme, Inc. will post -0.07 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Divisadero Street Capital Management LP lifted its position in shares of Krispy Kreme by 117.9% during the third quarter. Divisadero Street Capital Management LP now owns 1,089,341 shares of the company’s stock worth $4,216,000 after purchasing an additional 589,341 shares in the last quarter. Trustees of the University of Pennsylvania acquired a new position in shares of Krispy Kreme during the fourth quarter worth $8,077,000. Alpine Global Management LLC acquired a new position in shares of Krispy Kreme during the fourth quarter worth $92,000. Ground Swell Capital LLC acquired a new position in shares of Krispy Kreme during the fourth quarter worth $67,000. Finally, R Squared Ltd lifted its position in shares of Krispy Kreme by 61.7% during the fourth quarter. R Squared Ltd now owns 22,983 shares of the company’s stock worth $92,000 after purchasing an additional 8,767 shares in the last quarter. 81.72% of the stock is owned by institutional investors and hedge funds.

Key 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

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Weiss Ratings reiterated a “sell (d)” rating on shares of Krispy Kreme in a report on Friday, March 27th. Zacks Research downgraded 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, Capital One Financial upgraded shares of Krispy Kreme from an “equal weight” rating to an “overweight” rating and set a $6.00 price target for the company in a report on Thursday, March 26th. Three investment analysts have rated the stock with a Buy rating, two have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target 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.