Krispy Kreme (NASDAQ:DNUT) Director Bernardo Hees Purchases 200,989 Shares

Krispy Kreme, Inc. (NASDAQ:DNUT) Director Bernardo Hees purchased 200,989 shares of the firm’s stock in a transaction that occurred on Thursday, May 28th. The shares were acquired at an average cost of $3.42 per share, with a total value of $687,382.38. Following the completion of the transaction, the director owned 919,522 shares in the company, valued at $3,144,765.24. This trade represents a 27.97% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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

• On Wednesday, May 27th, Bernardo Hees acquired 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 bought 1,974 shares of Krispy Kreme stock. The stock was bought at an average cost of $3.30 per share, with a total value of $6,514.20.

Krispy Kreme Stock Up 0.3%

Shares of NASDAQ DNUT traded up $0.01 on Thursday, hitting $3.42. The company had a trading volume of 1,827,651 shares, compared to its average volume of 2,352,272. The firm has a market capitalization of $589.61 million, a P/E ratio of -1.14 and a beta of 1.32. 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 business has a 50 day moving average of $3.49 and a two-hundred day moving average of $3.67.

Krispy Kreme (NASDAQ:DNUT) last released 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 return on equity of 4.34% and a negative net margin of 33.36%.The company had revenue of $367.03 million for the quarter, compared to analyst estimates of $359.42 million. During the same period last year, the firm posted ($0.05) earnings per share. The business’s revenue was down 2.2% on a year-over-year basis. As a group, equities research analysts forecast that Krispy Kreme, Inc. will post -0.01 earnings per share for the current fiscal year.

Institutional Trading of Krispy Kreme

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

Analyst Ratings Changes

A number of equities research analysts recently weighed in on DNUT shares. Capital One Financial raised 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. Wall Street Zen upgraded shares of Krispy Kreme from a “sell” rating to a “hold” rating in a report on Sunday, May 17th. Weiss Ratings restated a “sell (d)” rating on shares of Krispy Kreme in a research note on Friday, March 27th. Finally, Zacks Research lowered Krispy Kreme from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 15th. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently 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.