Krispy Kreme (NASDAQ:DNUT) Director Bernardo Hees Purchases 150,000 Shares of Stock

Krispy Kreme, Inc. (NASDAQ:DNUT) Director Bernardo Hees acquired 150,000 shares of the stock in a transaction that occurred on Thursday, June 4th. The shares were acquired at an average cost of $3.29 per share, with a total value of $493,500.00. Following the transaction, the director owned 1,549,633 shares in the company, valued at approximately $5,098,292.57. The trade was a 10.72% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

• On Wednesday, June 3rd, Bernardo Hees acquired 170,596 shares of Krispy Kreme stock. The shares were acquired at an average cost of $3.35 per share, with a total value of $571,496.60.
• On Tuesday, June 2nd, Bernardo Hees acquired 235,875 shares of Krispy Kreme stock. The shares were acquired at an average cost of $3.39 per share, with a total value of $799,616.25.
• On Monday, June 1st, Bernardo Hees acquired 73,640 shares of Krispy Kreme stock. The shares were acquired at an average cost of $3.44 per share, with a total value of $253,321.60.
• On Thursday, May 28th, Bernardo Hees acquired 200,989 shares of Krispy Kreme stock. The shares were acquired at an average cost of $3.42 per share, with a total value of $687,382.38.
• On Wednesday, May 27th, Bernardo Hees acquired 22,114 shares of Krispy Kreme stock. The shares were acquired at an average cost 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 Price Performance

NASDAQ DNUT opened at $3.27 on Friday. Krispy Kreme, Inc. has a 52 week low of $2.50 and a 52 week high of $5.73. 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 stock has a market cap of $563.75 million, a price-to-earnings ratio of -1.09 and a beta of 1.27. The company has a 50-day moving average price of $3.48 and a two-hundred day moving average price of $3.64.

Krispy Kreme (NASDAQ:DNUT) last posted its earnings results on Thursday, May 7th. The company reported ($0.05) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.02). Krispy Kreme had a negative return on equity of 4.34% and a negative net margin of 33.36%.The firm had revenue of $367.03 million during the quarter, compared to the consensus estimate of $359.42 million. During the same quarter last year, the company posted ($0.05) EPS. Krispy Kreme’s revenue for the quarter was down 2.2% on a year-over-year basis. Analysts forecast that Krispy Kreme, Inc. will post -0.07 EPS for the current year.

More Krispy Kreme News

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

Wall Street Analysts Forecast Growth

DNUT has been the subject of several recent analyst reports. Weiss Ratings restated a “sell (d)” rating on shares of Krispy Kreme in a research report on Friday, March 27th. Wall Street Zen upgraded shares of Krispy Kreme from a “sell” rating to a “hold” rating in a research report on Sunday, May 17th. Capital One Financial upgraded shares of Krispy Kreme from an “equal weight” rating to an “overweight” rating and set a $6.00 target price for the company in a research report on Thursday, March 26th. Finally, Zacks Research cut shares of Krispy Kreme from a “strong-buy” rating to a “hold” rating in a research 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 company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $4.63.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Lazard Asset Management LLC bought a new position in shares of Krispy Kreme in the first quarter valued at approximately $1,883,000. R Squared Ltd boosted its holdings in shares of Krispy Kreme by 48.0% in the first quarter. R Squared Ltd now owns 34,012 shares of the company’s stock valued at $115,000 after acquiring an additional 11,029 shares in the last quarter. Abel Hall LLC bought a new position in shares of Krispy Kreme in the first quarter valued at approximately $45,000. AdvisorShares Investments LLC bought a new position in shares of Krispy Kreme in the first quarter valued at approximately $102,000. Finally, Apollon Wealth Management LLC bought a new position in shares of Krispy Kreme in the first quarter valued at approximately $35,000. 81.72% of the stock is currently owned by institutional investors.

About Krispy Kreme

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.