Insider Buying: Krispy Kreme (NASDAQ:DNUT) Director Buys 22,114 Shares of Stock

Krispy Kreme, Inc. (NASDAQ:DNUT) Director Bernardo Hees purchased 22,114 shares of the business’s stock in a transaction that occurred on Wednesday, May 27th. The stock was acquired at an average price of $3.38 per share, for a total transaction of $74,745.32. Following the purchase, the director owned 718,533 shares of the company’s stock, valued at approximately $2,428,641.54. This represents a 3.18% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Thursday, May 28th, Bernardo Hees purchased 200,989 shares of Krispy Kreme stock. The stock was acquired at an average price of $3.42 per share, for a total transaction of $687,382.38.
• On Tuesday, May 26th, Bernardo Hees purchased 1,974 shares of Krispy Kreme stock. The stock was acquired at an average price of $3.30 per share, for a total transaction of $6,514.20.

Krispy Kreme Stock Up 0.3%

Shares of NASDAQ:DNUT traded up $0.01 during trading on Thursday, hitting $3.42. The company’s stock had a trading volume of 1,827,651 shares, compared to its average volume of 2,352,272. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.36 and a current ratio of 0.42. Krispy Kreme, Inc. has a fifty-two week low of $2.50 and a fifty-two week high of $5.73. The stock’s 50-day moving average price is $3.49 and its two-hundred day moving average price is $3.67. The company has a market capitalization of $589.61 million, a PE ratio of -1.14 and a beta of 1.32.

Krispy Kreme (NASDAQ:DNUT) last released its quarterly 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 business had revenue of $367.03 million during the quarter, compared to analyst estimates of $359.42 million. During the same quarter last year, the firm posted ($0.05) EPS. The company’s revenue was down 2.2% compared to the same quarter last year. As a group, sell-side analysts expect that Krispy Kreme, Inc. will post -0.01 EPS for the current year.

Analyst Ratings Changes

Several research analysts recently commented on DNUT shares. Weiss Ratings reiterated a “sell (d)” rating on shares of Krispy Kreme in a research note on Friday, March 27th. Capital One Financial upgraded 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 lowered Krispy Kreme from a “strong-buy” rating to a “hold” rating in a report on Friday, May 15th. Finally, Wall Street Zen raised Krispy Kreme from a “sell” rating to a “hold” rating in a report on Sunday, May 17th. Three equities research 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 MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $4.63.

Institutional Trading of Krispy Kreme

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Arizona State Retirement System increased its holdings in Krispy Kreme by 11.9% in the third quarter. Arizona State Retirement System now owns 27,771 shares of the company’s stock valued at $107,000 after buying an additional 2,961 shares during the last quarter. R Squared Ltd increased its holdings in Krispy Kreme by 33.4% in the third quarter. R Squared Ltd now owns 14,216 shares of the company’s stock valued at $55,000 after buying an additional 3,556 shares during the last quarter. Deutsche Bank AG increased its holdings in Krispy Kreme by 4.5% in the fourth quarter. Deutsche Bank AG now owns 83,611 shares of the company’s stock valued at $336,000 after buying an additional 3,638 shares during the last quarter. Russell Investments Group Ltd. increased its holdings in Krispy Kreme by 1,229.5% in the third quarter. Russell Investments Group Ltd. now owns 8,469 shares of the company’s stock valued at $33,000 after buying an additional 7,832 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its holdings in Krispy Kreme by 21.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 47,672 shares of the company’s stock valued at $192,000 after buying an additional 8,351 shares during the last quarter. 81.72% of the stock is 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.