Insider Buying: Krispy Kreme (NASDAQ:DNUT) Director Purchases $799,616.25 in Stock

Krispy Kreme, Inc. (NASDAQ:DNUT) Director Bernardo Hees bought 235,875 shares of the stock in a transaction on Tuesday, June 2nd. The stock was purchased at an average price of $3.39 per share, with a total value of $799,616.25. Following the completion of the purchase, the director owned 1,229,037 shares of the company’s stock, valued at $4,166,435.43. This represents a 23.75% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link.

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

• On Thursday, June 4th, Bernardo Hees bought 150,000 shares of Krispy Kreme stock. The stock was purchased at an average price of $3.29 per share, with a total value of $493,500.00.
• On Wednesday, June 3rd, Bernardo Hees bought 170,596 shares of Krispy Kreme stock. The stock was purchased at an average price of $3.35 per share, with a total value of $571,496.60.
• On Monday, June 1st, Bernardo Hees acquired 73,640 shares of Krispy Kreme stock. The shares were bought at an average price 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 bought at an average price 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 bought at an average price of $3.38 per share, with a total value of $74,745.32.
• On Tuesday, May 26th, Bernardo Hees acquired 1,974 shares of Krispy Kreme stock. The shares were bought at an average price of $3.30 per share, with a total value of $6,514.20.

Krispy Kreme Trading Up 7.3%

NASDAQ:DNUT opened at $3.51 on Friday. Krispy Kreme, Inc. has a 12 month low of $2.50 and a 12 month high of $5.73. The firm has a fifty day simple moving average of $3.48 and a 200-day simple moving average of $3.64. 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 company has a market capitalization of $605.12 million, a P/E ratio of -1.17 and a beta of 1.27.

Krispy Kreme (NASDAQ:DNUT) last posted its quarterly earnings data 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 company had revenue of $367.03 million for the quarter, compared to analyst estimates of $359.42 million. During the same quarter in the previous year, the firm posted ($0.05) earnings per share. The company’s quarterly revenue was down 2.2% on a year-over-year basis. On average, equities research analysts anticipate that Krispy Kreme, Inc. will post -0.07 earnings per share for the current year.

Key Krispy Kreme News

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

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

Analyst Upgrades and Downgrades

DNUT has been the subject of several research reports. Weiss Ratings reiterated a “sell (d)” rating on shares of Krispy Kreme in a research note on Friday, March 27th. Capital One Financial upgraded shares of Krispy Kreme from an “equal weight” rating to an “overweight” rating and set a $6.00 price objective for the company in a research note on Thursday, March 26th. Wall Street Zen upgraded shares of Krispy Kreme from a “sell” rating to a “hold” rating in a research note on Sunday, May 17th. Finally, Zacks Research cut shares of 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 assigned a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Krispy Kreme currently has a consensus rating of “Hold” and a consensus target price of $4.63.

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.