Krispy Kreme (NASDAQ:DNUT) Director Purchases $687,382.38 in Stock

Krispy Kreme, Inc. (NASDAQ:DNUT) Director Bernardo Hees bought 200,989 shares of Krispy Kreme stock in a transaction on Thursday, May 28th. The shares were purchased at an average cost of $3.42 per share, for a total transaction of $687,382.38. Following the acquisition, the director owned 919,522 shares in the company, valued at $3,144,765.24. The trade was a 27.97% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

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

• On Wednesday, May 27th, Bernardo Hees bought 22,114 shares of Krispy Kreme stock. The stock was purchased at an average price 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 stock was purchased at an average price of $3.30 per share, with a total value of $6,514.20.

Krispy Kreme Stock Performance

DNUT traded up $0.01 during trading hours on Thursday, hitting $3.42. 1,827,651 shares of the stock were exchanged, compared to its average volume of 2,352,272. The stock has a market cap of $589.61 million, a price-to-earnings ratio of -1.14 and a beta of 1.32. The stock has a 50-day simple moving average of $3.49 and a 200-day simple moving average of $3.67. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.42 and a quick ratio of 0.36. Krispy Kreme, Inc. has a 12 month low of $2.50 and a 12 month high of $5.73.

Krispy Kreme (NASDAQ:DNUT) 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 business had revenue of $367.03 million for the quarter, compared to the consensus estimate of $359.42 million. During the same quarter in the previous year, the firm earned ($0.05) EPS. The firm’s revenue for the quarter was down 2.2% on a year-over-year basis. Analysts anticipate that Krispy Kreme, Inc. will post -0.01 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Divisadero Street Capital Management LP grew its position in Krispy Kreme by 117.9% in the 3rd quarter. Divisadero Street Capital Management LP now owns 1,089,341 shares of the company’s stock worth $4,216,000 after purchasing an additional 589,341 shares during the last quarter. Trustees of the University of Pennsylvania bought a new stake in shares of Krispy Kreme during the fourth quarter valued at approximately $8,077,000. Alpine Global Management LLC acquired a new position in shares of Krispy Kreme during the fourth quarter worth approximately $92,000. Ground Swell Capital LLC acquired a new position in shares of Krispy Kreme during the fourth quarter worth approximately $67,000. Finally, R Squared Ltd grew its holdings in Krispy Kreme by 61.7% in the 4th quarter. R Squared Ltd now owns 22,983 shares of the company’s stock worth $92,000 after buying an additional 8,767 shares in the last quarter. 81.72% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on DNUT. Wall Street Zen raised shares of Krispy Kreme from a “sell” rating to a “hold” rating in a report on Sunday, May 17th. Zacks Research cut Krispy Kreme from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 15th. Weiss Ratings reissued a “sell (d)” rating on shares of Krispy Kreme in a report on Friday, March 27th. Finally, Capital One Financial upgraded Krispy Kreme from an “equal weight” rating to an “overweight” rating and set a $6.00 price objective for the company in a research report on Thursday, March 26th. Three research analysts have rated the stock with a Buy rating, two have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Krispy Kreme has an average rating of “Hold” and an average price target 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.