Krispy Kreme (NASDAQ:DNUT) Director Acquires $253,321.60 in Stock

Krispy Kreme, Inc. (NASDAQ:DNUT) Director Bernardo Hees purchased 73,640 shares of Krispy Kreme stock in a transaction that occurred on Monday, June 1st. The shares were acquired at an average price of $3.44 per share, with a total value of $253,321.60. Following the acquisition, the director directly owned 993,162 shares of the company’s stock, valued at $3,416,477.28. This trade represents a 8.01% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through 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 acquired at an average price of $3.29 per share, with a total value of $493,500.00.
• On Wednesday, June 3rd, Bernardo Hees purchased 170,596 shares of Krispy Kreme stock. The shares were acquired at an average price of $3.35 per share, with a total value of $571,496.60.
• On Tuesday, June 2nd, Bernardo Hees purchased 235,875 shares of Krispy Kreme stock. The shares were acquired at an average price of $3.39 per share, with a total value of $799,616.25.
• 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, with a total value of $687,382.38.
• On Wednesday, May 27th, Bernardo Hees purchased 22,114 shares of Krispy Kreme stock. The shares were acquired at an average price 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 shares were acquired at an average price of $3.30 per share, with a total value of $6,514.20.

Krispy Kreme Trading Up 7.3%

Krispy Kreme stock opened at $3.51 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 debt-to-equity ratio of 1.31, a quick ratio of 0.36 and a current ratio of 0.42. The stock has a market capitalization of $605.12 million, a P/E ratio of -1.17 and a beta of 1.27. The stock has a 50-day simple moving average of $3.48 and a 200 day simple moving average of $3.64.

Krispy Kreme (NASDAQ:DNUT) last posted its quarterly earnings results on Thursday, May 7th. The company reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates 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 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 business posted ($0.05) EPS. The company’s revenue for the quarter was down 2.2% on a year-over-year basis. Analysts expect that Krispy Kreme, Inc. will post -0.07 earnings per share for the current year.

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

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Federated Hermes Inc. raised its position in shares of Krispy Kreme by 42.4% in the fourth quarter. Federated Hermes Inc. now owns 3,565,152 shares of the company’s stock valued at $14,332,000 after buying an additional 1,061,308 shares in the last quarter. Marshall Wace LLP acquired a new stake in shares of Krispy Kreme in the third quarter valued at approximately $11,704,000. Balyasny Asset Management L.P. raised its position in shares of Krispy Kreme by 419.2% in the third quarter. Balyasny Asset Management L.P. now owns 2,795,546 shares of the company’s stock valued at $10,819,000 after buying an additional 2,257,061 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Krispy Kreme by 7.4% in the fourth quarter. Geode Capital Management LLC now owns 2,231,100 shares of the company’s stock valued at $8,971,000 after buying an additional 153,645 shares in the last quarter. Finally, Millennium Management LLC raised its position in shares of 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 buying an additional 1,756,932 shares in the last quarter. Institutional investors own 81.72% of the company’s stock.

Wall Street Analysts Forecast Growth

DNUT has been the subject of a number of research analyst reports. Weiss Ratings restated a “sell (d)” rating on shares of Krispy Kreme in a report on Friday, March 27th. Wall Street Zen upgraded Krispy Kreme from a “sell” rating to a “hold” rating in a report on Sunday, May 17th. Capital One Financial upgraded Krispy Kreme from an “equal weight” rating to an “overweight” rating and set a $6.00 price objective on the stock in a research report on Thursday, March 26th. Finally, Zacks Research cut Krispy Kreme from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 15th. 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, the stock presently has a consensus rating of “Hold” and an average 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.