Krispy Kreme (NASDAQ:DNUT) Director Bernardo Hees Purchases 25,002 Shares of Stock

Krispy Kreme, Inc. (NASDAQ:DNUT) Director Bernardo Hees acquired 25,002 shares of the stock in a transaction that occurred on Friday, June 5th. The shares were bought at an average cost of $3.49 per share, for a total transaction of $87,256.98. Following the completion of the transaction, the director directly owned 1,574,635 shares of the company’s stock, valued at $5,495,476.15. This represents a 1.61% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

• On Thursday, June 4th, Bernardo Hees bought 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 Wednesday, June 3rd, Bernardo Hees bought 170,596 shares of Krispy Kreme stock. The shares were bought at an average cost of $3.35 per share, with a total value of $571,496.60.
• On Tuesday, June 2nd, Bernardo Hees bought 235,875 shares of Krispy Kreme stock. The shares were bought at an average cost 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 bought at an average price of $3.44 per share, for a total transaction of $253,321.60.
• On Thursday, May 28th, Bernardo Hees purchased 200,989 shares of Krispy Kreme stock. The shares were bought 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 stock was bought at an average cost of $3.38 per share, for a total transaction of $74,745.32.
• On Tuesday, May 26th, Bernardo Hees acquired 1,974 shares of Krispy Kreme stock. The shares were purchased at an average price of $3.30 per share, with a total value of $6,514.20.

Krispy Kreme Price Performance

DNUT opened at $3.70 on Tuesday. The stock has a fifty day moving average price of $3.49 and a 200 day moving average price of $3.63. The company has a current ratio of 0.42, a quick ratio of 0.36 and a debt-to-equity ratio of 1.31. Krispy Kreme, Inc. has a 1 year low of $2.50 and a 1 year high of $5.73. The stock has a market cap of $637.88 million, a price-to-earnings ratio of -1.24 and a beta of 1.27.

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 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 firm had revenue of $367.03 million during the quarter, compared to analyst estimates of $359.42 million. During the same period in the previous year, the company earned ($0.05) earnings per share. The business’s revenue for the quarter was down 2.2% on a year-over-year basis. Analysts forecast that Krispy Kreme, Inc. will post -0.07 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

DNUT has been the topic of several recent research reports. Wall Street Zen raised shares of Krispy Kreme from a “sell” rating to a “hold” rating in a research report on Sunday, May 17th. Weiss Ratings reissued a “sell (d)” rating on shares of Krispy Kreme in a research 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. Finally, Capital One Financial raised shares of Krispy Kreme from an “equal weight” rating to an “overweight” rating and set a $6.00 price objective for the company in a research note on Thursday, March 26th. 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’s stock. Based on data from MarketBeat, Krispy Kreme currently has an average rating of “Hold” and an average target price of $4.63.

Institutional Investors Weigh In On Krispy Kreme

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Prudential Financial Inc. acquired a new position in Krispy Kreme during the 2nd quarter valued at $32,000. Russell Investments Group Ltd. grew its position in Krispy Kreme by 1,229.5% in the 3rd 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 during the last quarter. Captrust Financial Advisors bought a new position in shares of Krispy Kreme during the 2nd quarter worth about $34,000. Apollon Wealth Management LLC bought a new position in shares of Krispy Kreme during the 1st quarter worth about $35,000. Finally, Raymond James Financial Inc. acquired a new position in shares of Krispy Kreme during the second quarter valued at 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.