Key Points
- Director Bernardo Hees bought 200,989 Krispy Kreme shares on May 28 at an average price of $3.42, spending about $687,382. His stake rose 27.97% to 919,522 shares.
- Hees also made two smaller purchases earlier that week, adding 22,114 shares on May 27 and 1,974 shares on May 26, signaling continued insider confidence.
- Krispy Kreme recently reported a mixed quarter, missing EPS estimates but beating revenue expectations; analysts currently have a consensus Hold rating with an average price target of $4.63.
Krispy Kreme, Inc. (NASDAQ:DNUT - Get Free Report) Director Bernardo Hees bought 22,114 shares of the company's stock in a transaction dated Wednesday, May 27th. The shares were purchased at an average price of $3.38 per share, with a total value of $74,745.32. Following the completion of the acquisition, the director owned 718,533 shares of the company's stock, valued at $2,428,641.54. This trade represents a 3.18% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Bernardo Hees also recently made the following trade(s):
- On Thursday, May 28th, Bernardo Hees bought 200,989 shares of Krispy Kreme stock. The shares were purchased at an average price of $3.42 per share, with a total value of $687,382.38.
- On Tuesday, May 26th, Bernardo Hees bought 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 Stock Performance
Krispy Kreme stock opened at $3.42 on Friday. 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 firm has a 50-day moving average of $3.49 and a 200-day moving average of $3.66. The firm has a market cap of $589.61 million, a P/E ratio of -1.14 and a beta of 1.32. Krispy Kreme, Inc. has a 1-year low of $2.50 and a 1-year high of $5.73.
Krispy Kreme (NASDAQ:DNUT - Get Free Report) last posted its earnings results on Thursday, May 7th. The company reported ($0.05) earnings per share for the quarter, missing analysts' consensus estimates of ($0.03) by ($0.02). The firm had revenue of $367.03 million for the quarter, compared to analysts' expectations of $359.42 million. Krispy Kreme had a negative return on equity of 4.34% and a negative net margin of 33.36%.The business's revenue for the quarter was down 2.2% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.05) earnings per share. Sell-side analysts expect that Krispy Kreme, Inc. will post -0.01 EPS for the current year.
Institutional Trading of Krispy Kreme
Institutional investors and hedge funds have recently bought and sold shares of the stock. Divisadero Street Capital Management LP lifted its holdings in shares of Krispy Kreme by 117.9% during the third quarter. Divisadero Street Capital Management LP now owns 1,089,341 shares of the company's stock valued at $4,216,000 after purchasing an additional 589,341 shares during the last quarter. Trustees of the University of Pennsylvania purchased a new position in shares of Krispy Kreme during the fourth quarter valued at approximately $8,077,000. Alpine Global Management LLC purchased a new position in shares of Krispy Kreme during the fourth quarter valued at approximately $92,000. Ground Swell Capital LLC purchased a new position in shares of Krispy Kreme during the fourth quarter valued at approximately $67,000. Finally, R Squared Ltd lifted its holdings in shares of Krispy Kreme by 61.7% during the fourth quarter. R Squared Ltd now owns 22,983 shares of the company's stock valued at $92,000 after purchasing an additional 8,767 shares during the last quarter. 81.72% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
DNUT has been the subject of a number of analyst reports. Zacks Research lowered shares of Krispy Kreme from a "strong-buy" rating to a "hold" rating in a report on Friday, May 15th. Capital One Financial raised shares of Krispy Kreme from an "equal weight" rating to an "overweight" rating and set a $6.00 target price on the stock in a research note 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. Finally, Weiss Ratings restated a "sell (d)" rating on shares of Krispy Kreme in a report on Friday, March 27th. 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 MarketBeat.com, Krispy Kreme currently has an average rating of "Hold" and a consensus target price of $4.63.
Read Our Latest Report on Krispy Kreme
About Krispy Kreme
(
Get Free Report)
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.
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