Bernardo Hees Acquires 150,000 Shares of Krispy Kreme (NASDAQ:DNUT) Stock

Krispy Kreme, Inc. (NASDAQ:DNUT) Director Bernardo Hees bought 150,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 4th. The stock was bought at an average price of $3.29 per share, with a total value of $493,500.00. Following the completion of the acquisition, the director owned 1,549,633 shares of the company’s stock, valued at $5,098,292.57. This trade represents a 10.72% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

• On Wednesday, June 3rd, Bernardo Hees bought 170,596 shares of Krispy Kreme stock. The stock was bought at an average price 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 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 bought 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 bought 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 bought 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 bought 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 Trading Up 7.3%

NASDAQ:DNUT opened at $3.51 on Friday. The firm has a market cap of $605.12 million, a PE ratio of -1.17 and a beta of 1.27. The stock has a fifty day moving average price of $3.48 and a 200 day moving average price of $3.64. Krispy Kreme, Inc. has a 12-month low of $2.50 and a 12-month high of $5.73. 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 (NASDAQ:DNUT) last released 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 company had revenue of $367.03 million during the quarter, compared to analysts’ expectations of $359.42 million. Krispy Kreme had a negative net margin of 33.36% and a negative return on equity of 4.34%. The company’s revenue for the quarter was down 2.2% on a year-over-year basis. During the same quarter last year, the business posted ($0.05) earnings per share. Sell-side analysts anticipate that Krispy Kreme, Inc. will post -0.07 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Weiss Ratings reissued a “sell (d)” rating on shares of Krispy Kreme in a report on Friday, March 27th. Capital One Financial raised Krispy Kreme from an “equal weight” rating to an “overweight” rating and set a $6.00 target price on the stock in a report on Thursday, March 26th. Zacks Research lowered Krispy Kreme from a “strong-buy” rating to a “hold” rating in a report on Friday, May 15th. Finally, Wall Street Zen raised Krispy Kreme from a “sell” rating to a “hold” rating in a report on Sunday, May 17th. Three research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $4.63.

Hedge Funds Weigh In On Krispy Kreme

Several large investors have recently bought and sold shares of DNUT. Arizona State Retirement System grew its holdings in shares of Krispy Kreme by 11.9% during the third quarter. Arizona State Retirement System now owns 27,771 shares of the company’s stock worth $107,000 after purchasing an additional 2,961 shares during the last quarter. R Squared Ltd grew its holdings in shares of Krispy Kreme by 33.4% during the third quarter. R Squared Ltd now owns 14,216 shares of the company’s stock worth $55,000 after purchasing an additional 3,556 shares during the last quarter. Deutsche Bank AG grew its holdings in shares of Krispy Kreme by 4.5% during the fourth quarter. Deutsche Bank AG now owns 83,611 shares of the company’s stock worth $336,000 after purchasing an additional 3,638 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in shares of 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 purchasing an additional 7,832 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its holdings in shares of Krispy Kreme by 21.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 47,672 shares of the company’s stock worth $192,000 after purchasing an additional 8,351 shares during the last quarter. Hedge funds and other institutional investors own 81.72% of the company’s stock.

Key Stories Impacting Krispy Kreme

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

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.