Krispy Kreme (NASDAQ:DNUT) Director Bernardo Hees Acquires 235,875 Shares

Krispy Kreme, Inc. (NASDAQ:DNUT) Director Bernardo Hees bought 235,875 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The shares were purchased at an average cost of $3.39 per share, with a total value of $799,616.25. Following the purchase, the director directly owned 1,229,037 shares of the company’s stock, valued at $4,166,435.43. The trade was a 23.75% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website.

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 purchased at an average cost 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 purchased at an average cost of $3.35 per share, with a total value of $571,496.60.
• On Monday, June 1st, Bernardo Hees bought 73,640 shares of Krispy Kreme stock. The shares were purchased at an average cost 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 shares were purchased at an average cost 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 shares were purchased at an average cost 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 shares were purchased at an average cost of $3.30 per share, with a total value of $6,514.20.

Krispy Kreme Trading Down 0.9%

DNUT opened at $3.27 on Friday. Krispy Kreme, Inc. has a 1-year low of $2.50 and a 1-year 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. The company has a market cap of $563.75 million, a P/E ratio of -1.09 and a beta of 1.27. The company has a fifty day moving average price of $3.48 and a two-hundred day moving average price of $3.64.

Krispy Kreme (NASDAQ:DNUT) last posted its quarterly 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 net margin of 33.36% and a negative return on equity of 4.34%. The company had revenue of $367.03 million during the quarter, compared to the consensus estimate of $359.42 million. During the same period last year, the firm posted ($0.05) earnings per share. The company’s revenue for the quarter was down 2.2% on a year-over-year basis. Analysts predict that Krispy Kreme, Inc. will post -0.07 EPS for the current fiscal year.

Trending Headlines about 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

Analyst Upgrades and Downgrades

Several research firms have weighed in on DNUT. 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 research note on Thursday, March 26th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Krispy Kreme in a research note on Friday, March 27th. Zacks Research downgraded shares of Krispy Kreme from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 15th. Finally, Wall Street Zen raised shares of Krispy Kreme from a “sell” rating to a “hold” rating in a research note on Sunday, May 17th. Three 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 MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $4.63.

Institutional Investors Weigh In On Krispy Kreme

Several hedge funds and other institutional investors have recently made changes to their positions in DNUT. Marshall Wace LLP bought a new stake in shares of Krispy Kreme during the third quarter worth about $11,704,000. Balyasny Asset Management L.P. increased its position in shares of Krispy Kreme by 419.2% during the third quarter. Balyasny Asset Management L.P. now owns 2,795,546 shares of the company’s stock worth $10,819,000 after acquiring an additional 2,257,061 shares in the last quarter. Trustees of the University of Pennsylvania bought a new stake in shares of Krispy Kreme during the fourth quarter worth about $8,077,000. Millennium Management LLC increased its position in shares of Krispy Kreme by 522.1% during the first quarter. Millennium Management LLC now owns 2,093,416 shares of the company’s stock worth $10,300,000 after acquiring an additional 1,756,932 shares in the last quarter. Finally, Federated Hermes Inc. increased its position in shares of Krispy Kreme by 42.4% during the fourth quarter. Federated Hermes Inc. now owns 3,565,152 shares of the company’s stock worth $14,332,000 after acquiring an additional 1,061,308 shares in the last quarter. 81.72% of the stock is owned by institutional investors.

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.