Bernardo Hees Acquires 73,640 Shares of Krispy Kreme (NASDAQ:DNUT) Stock

Krispy Kreme, Inc. (NASDAQ:DNUT) Director Bernardo Hees bought 73,640 shares of the stock in a transaction that occurred on Monday, June 1st. The stock was acquired at an average price of $3.44 per share, for a total transaction of $253,321.60. Following the completion of the transaction, the director owned 993,162 shares in the company, valued at $3,416,477.28. This trade represents a 8.01% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Thursday, June 4th, Bernardo Hees purchased 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 purchased 170,596 shares of Krispy Kreme stock. The shares were purchased at an average price of $3.35 per share, for a total transaction of $571,496.60.
• On Tuesday, June 2nd, Bernardo Hees purchased 235,875 shares of Krispy Kreme stock. The shares were purchased at an average price of $3.39 per share, for a total transaction of $799,616.25.
• On Thursday, May 28th, Bernardo Hees purchased 200,989 shares of Krispy Kreme stock. The shares were purchased 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 shares were purchased at an average price of $3.38 per share, for a total transaction of $74,745.32.
• On Tuesday, May 26th, Bernardo Hees purchased 1,974 shares of Krispy Kreme stock. The shares were purchased at an average price of $3.30 per share, for a total transaction of $6,514.20.

Krispy Kreme Stock Performance

Shares of NASDAQ DNUT opened at $3.51 on Friday. The company has a quick ratio of 0.36, a current ratio of 0.42 and a debt-to-equity ratio of 1.31. The stock has a market capitalization of $605.12 million, a price-to-earnings ratio of -1.17 and a beta of 1.27. The stock’s fifty day simple moving average is $3.48 and its 200 day simple moving average is $3.64. Krispy Kreme, Inc. has a 52-week low of $2.50 and a 52-week high of $5.73.

Krispy Kreme (NASDAQ:DNUT) last issued its earnings results on Thursday, May 7th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.02). The company had revenue of $367.03 million during the quarter, compared to analyst estimates 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 was down 2.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.05) earnings per share. As a group, sell-side analysts forecast that Krispy Kreme, Inc. will post -0.07 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Divisadero Street Capital Management LP grew 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 buying an additional 589,341 shares in the last quarter. Trustees of the University of Pennsylvania purchased a new position in shares of Krispy Kreme during the fourth quarter valued at $8,077,000. Alpine Global Management LLC purchased a new position in shares of Krispy Kreme during the fourth quarter valued at $92,000. Ground Swell Capital LLC purchased a new position in shares of Krispy Kreme during the fourth quarter valued at $67,000. Finally, R Squared Ltd grew 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 buying an additional 8,767 shares in the last quarter. Hedge funds and other institutional investors own 81.72% of the company’s stock.

Key Stories Impacting Krispy Kreme

Here are the key news stories impacting Krispy Kreme this week:

• Positive Sentiment: Director Bernardo Hees made another sizable open-market purchase of 150,000 shares at $3.29, extending a string of insider buys that may signal confidence in Krispy Kreme’s outlook. SEC Form 4 filing
• Positive Sentiment: Hees also bought 170,596 and 235,875 shares earlier in the week, reinforcing the impression of sustained insider accumulation rather than a one-off trade. SEC Form 4 filing
• Positive Sentiment: National Donut Day coverage is giving Krispy Kreme broad promotional visibility, with free-doughnut deals likely to drive extra store traffic and near-term sales. Article reference
• Neutral Sentiment: Most of the National Donut Day headlines are broad consumer promotions across multiple chains, so the benefit to DNUT may be temporary unless it leads to repeat purchases. Article reference

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on DNUT shares. Capital One Financial upgraded Krispy Kreme from an “equal weight” rating to an “overweight” rating and set a $6.00 target price on the stock in a report on Thursday, March 26th. Wall Street Zen upgraded 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 report on Friday, March 27th. Finally, Zacks Research cut Krispy Kreme from a “strong-buy” rating to a “hold” rating in a report on Friday, May 15th. Three investment analysts have rated the stock with a Buy rating, two have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Krispy Kreme presently has a consensus rating of “Hold” and a consensus target price 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.