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

Krispy Kreme, Inc. (NASDAQ:DNUT) Director Bernardo Hees bought 170,596 shares of Krispy Kreme stock in a transaction dated Wednesday, June 3rd. The shares were bought at an average cost of $3.35 per share, for a total transaction of $571,496.60. Following the completion of the transaction, the director 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 position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

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

• On Thursday, June 4th, Bernardo Hees bought 150,000 shares of Krispy Kreme stock. The shares were bought at an average cost of $3.29 per share, for a total transaction of $493,500.00.
• 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, for a total transaction of $799,616.25.
• On Monday, June 1st, Bernardo Hees bought 73,640 shares of Krispy Kreme stock. The shares were bought at an average cost of $3.44 per share, for a total transaction of $253,321.60.
• On Thursday, May 28th, Bernardo Hees acquired 200,989 shares of Krispy Kreme stock. The shares were acquired at an average cost of $3.42 per share, for a total transaction of $687,382.38.
• On Wednesday, May 27th, Bernardo Hees acquired 22,114 shares of Krispy Kreme stock. The shares were acquired 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 acquired at an average cost of $3.30 per share, for a total transaction of $6,514.20.

Krispy Kreme Stock Performance

Shares of DNUT stock opened at $3.27 on Friday. The firm has a market cap of $563.75 million, a price-to-earnings ratio of -1.09 and a beta of 1.27. The company’s 50 day moving average is $3.48 and its 200 day 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 52-week low of $2.50 and a 52-week high of $5.73.

Krispy Kreme (NASDAQ:DNUT) last released its quarterly earnings results on Thursday, May 7th. The company reported ($0.05) earnings per share (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 firm had revenue of $367.03 million during the quarter, compared to analysts’ expectations of $359.42 million. During the same period in the prior year, the firm posted ($0.05) earnings per share. Krispy Kreme’s revenue for the quarter was down 2.2% compared to the same quarter last year. On average, sell-side analysts anticipate that Krispy Kreme, Inc. will post -0.07 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on DNUT shares. Wall Street Zen raised shares of Krispy Kreme from a “sell” rating to a “hold” rating in a report on Sunday, May 17th. Capital One Financial raised 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 lowered shares of Krispy Kreme from a “strong-buy” rating to a “hold” rating in a report on Friday, May 15th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Krispy Kreme in a report on Friday, March 27th. Three 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 MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $4.63.

Institutional Investors Weigh In On Krispy Kreme

Institutional investors and hedge funds have recently made changes to their positions in the stock. Russell Investments Group Ltd. lifted its stake 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 buying an additional 7,832 shares during the period. FNY Investment Advisers LLC acquired a new stake in shares of Krispy Kreme during the fourth quarter worth $40,000. Apollon Wealth Management LLC acquired a new position in Krispy Kreme during the first quarter valued at $35,000. Prudential Financial Inc. acquired a new position in Krispy Kreme during the second quarter valued at $32,000. Finally, Captrust Financial Advisors acquired a new position in Krispy Kreme during the second quarter valued at $34,000. 81.72% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting Krispy Kreme

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

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.