Insider Buying: Krispy Kreme (NASDAQ:DNUT) Director Acquires 73,640 Shares of Stock

Krispy Kreme, Inc. (NASDAQ:DNUT - Get Free Report) Director Bernardo Hees bought 73,640 shares of the business's stock in a transaction on Monday, June 1st. The shares were purchased at an average cost of $3.44 per share, with a total value of $253,321.60. Following the transaction, the director owned 993,162 shares in the company, valued at approximately $3,416,477.28. The trade was a 8.01% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website.

• Krispy Kreme: A Meme Stock Sugar Rush or a Sustainable Treat?

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 Tuesday, June 2nd, Bernardo Hees bought 235,875 shares of Krispy Kreme stock. The shares were purchased at an average cost of $3.39 per share, with a total value of $799,616.25.
• 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 purchased 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 Performance

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NASDAQ DNUT opened at $3.27 on Friday. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.42 and a quick ratio of 0.36. The firm has a market capitalization of $563.75 million, a price-to-earnings ratio of -1.09 and a beta of 1.27. The company's fifty day moving average is $3.48 and its two-hundred day moving average is $3.64. Krispy Kreme, Inc. has a 52-week low of $2.50 and a 52-week high of $5.73.

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Krispy Kreme (NASDAQ:DNUT - Get Free Report) last released its 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 quarter in the previous year, the business posted ($0.05) EPS. The firm's quarterly revenue was down 2.2% on a year-over-year basis. Equities research analysts forecast that Krispy Kreme, Inc. will post -0.07 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on DNUT shares. Zacks Research cut Krispy Kreme from a "strong-buy" rating to a "hold" rating in a report on Friday, May 15th. Capital One Financial raised 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. Weiss Ratings reaffirmed a "sell (d)" rating on shares of Krispy Kreme in a report on Friday, March 27th. Finally, Wall Street Zen raised Krispy Kreme from a "sell" rating to a "hold" rating in a report on Sunday, May 17th. Three analysts have rated the stock with a Buy rating, two have given a Hold rating and three have assigned a Sell rating to the company's stock. According to data from MarketBeat, Krispy Kreme currently has a consensus rating of "Hold" and a consensus target price of $4.63.

• MarketBeat Week in Review – 4/8 - 4/12

Read Our Latest Report on Krispy Kreme

Institutional Trading of Krispy Kreme

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DNUT. AQR Capital Management LLC bought a new stake in Krispy Kreme in the first quarter valued at about $217,000. Millennium Management LLC increased its stake in Krispy Kreme by 522.1% in the first quarter. Millennium Management LLC now owns 2,093,416 shares of the company's stock valued at $10,300,000 after acquiring an additional 1,756,932 shares during the period. Creative Planning increased its stake in Krispy Kreme by 568.2% in the second quarter. Creative Planning now owns 67,074 shares of the company's stock valued at $195,000 after acquiring an additional 57,036 shares during the period. Legal & General Group Plc increased its stake in Krispy Kreme by 44.0% in the second quarter. Legal & General Group Plc now owns 137,268 shares of the company's stock valued at $399,000 after acquiring an additional 41,929 shares during the period. Finally, Prudential Financial Inc. bought a new stake in Krispy Kreme in the second quarter valued at about $32,000. Institutional investors own 81.72% of the company's stock.

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

Krispy Kreme Company Profile

(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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