Key Points
- Krispy Kreme director Bernardo Hees bought 25,002 shares on June 5 at an average price of $3.49, spending about $87,257. His direct ownership rose to 1,574,635 shares after the purchase.
- Hees has been aggressively buying shares throughout early June, including several larger purchases in the days leading up to June 5, signaling sustained insider confidence in the stock.
- Krispy Kreme recently reported a slightly wider-than-expected loss but beat revenue estimates, while analysts currently rate the stock a consensus "Hold" with an average target price of $4.63.
Krispy Kreme, Inc. (NASDAQ:DNUT - Get Free Report) Director Bernardo Hees acquired 25,002 shares of Krispy Kreme stock in a transaction on Friday, June 5th. The stock was purchased at an average price of $3.49 per share, with a total value of $87,256.98. Following the transaction, the director directly owned 1,574,635 shares in the company, valued at approximately $5,495,476.15. This trade represents a 1.61% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Bernardo Hees also recently made the following trade(s):
- On Thursday, June 4th, Bernardo Hees acquired 150,000 shares of Krispy Kreme stock. The shares were purchased at an average price of $3.29 per share, for a total transaction of $493,500.00.
- On Wednesday, June 3rd, Bernardo Hees bought 170,596 shares of Krispy Kreme stock. The stock was purchased at an average price 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 stock was purchased at an average cost of $3.39 per share, with a total value of $799,616.25.
- On Monday, June 1st, Bernardo Hees bought 73,640 shares of Krispy Kreme stock. The stock was purchased at an average cost of $3.44 per share, with a total value of $253,321.60.
- On Thursday, May 28th, Bernardo Hees purchased 200,989 shares of Krispy Kreme stock. The shares were acquired at an average price of $3.42 per share, for a total transaction of $687,382.38.
- On Wednesday, May 27th, Bernardo Hees purchased 22,114 shares of Krispy Kreme stock. The stock was 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 stock was acquired at an average price of $3.30 per share, with a total value of $6,514.20.
Krispy Kreme Price Performance
NASDAQ:DNUT opened at $3.70 on Tuesday. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.36 and a current ratio of 0.42. The company has a 50-day moving average of $3.49 and a 200-day moving average of $3.63. Krispy Kreme, Inc. has a 52 week low of $2.50 and a 52 week high of $5.73. The company has a market capitalization of $637.88 million, a price-to-earnings ratio of -1.24 and a beta of 1.27.
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). Krispy Kreme had a negative net margin of 33.36% and a negative return on equity of 4.34%. The business had revenue of $367.03 million during the quarter, compared to the consensus estimate of $359.42 million. During the same period in the previous year, the firm earned ($0.05) EPS. The business's revenue was down 2.2% compared to the same quarter last year. As a group, equities research analysts anticipate that Krispy Kreme, Inc. will post -0.07 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
DNUT has been the topic of several analyst reports. Wall Street Zen upgraded Krispy Kreme from a "sell" rating to a "hold" rating in a research note on Sunday, May 17th. Capital One Financial raised Krispy Kreme from an "equal weight" rating to an "overweight" rating and set a $6.00 price target on the stock in a research note on Thursday, March 26th. Zacks Research cut Krispy Kreme from a "strong-buy" rating to a "hold" rating in a research report on Friday, May 15th. Finally, Weiss Ratings reiterated a "sell (d)" rating on shares of Krispy Kreme in a research note on Friday, March 27th. Three analysts have rated the stock with a Buy rating, two have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $4.63.
Get Our Latest Stock Report on Krispy Kreme
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of DNUT. Divisadero Street Capital Management LP raised its position 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 worth $4,216,000 after acquiring an additional 589,341 shares during the last quarter. Trustees of the University of Pennsylvania bought a new position in Krispy Kreme in the fourth quarter valued at about $8,077,000. Apollon Wealth Management LLC bought a new position in Krispy Kreme in the first quarter valued at about $35,000. Alpine Global Management LLC acquired a new stake in Krispy Kreme in the fourth quarter worth about $92,000. Finally, Ground Swell Capital LLC bought a new stake in Krispy Kreme during the 4th quarter worth about $67,000. Institutional investors own 81.72% of the company's stock.
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.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
