Krispy Kreme (NASDAQ:DNUT) Director Bernardo Hees Purchases 200,989 Shares of Stock

Krispy Kreme, Inc. (NASDAQ:DNUT) Director Bernardo Hees bought 200,989 shares of the stock in a transaction on Thursday, May 28th. The stock was purchased at an average cost of $3.42 per share, with a total value of $687,382.38. Following the completion of the purchase, the director directly owned 919,522 shares in the company, valued at $3,144,765.24. This trade represents a 27.97% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

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

Krispy Kreme Stock Performance

NASDAQ:DNUT opened at $3.42 on Friday. The firm’s fifty day simple moving average is $3.49 and its 200 day simple moving average is $3.66. The company has a current ratio of 0.42, a quick ratio of 0.36 and a debt-to-equity ratio of 1.31. Krispy Kreme, Inc. has a twelve month low of $2.50 and a twelve month high of $5.73. The firm has a market capitalization of $589.61 million, a price-to-earnings ratio of -1.14 and a beta of 1.32.

Krispy Kreme (NASDAQ:DNUT) last announced its quarterly earnings results on Thursday, May 7th. The company reported ($0.05) earnings per share 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 analysts’ expectations of $359.42 million. During the same period last year, the company posted ($0.05) earnings per share. The firm’s revenue for the quarter was down 2.2% on a year-over-year basis. As a group, equities research analysts expect that Krispy Kreme, Inc. will post -0.01 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Krispy Kreme

Several large investors have recently made changes to their positions in the company. AQR Capital Management LLC acquired a new position in shares of Krispy Kreme during the first quarter valued at approximately $217,000. Millennium Management LLC increased its stake in shares of Krispy Kreme by 522.1% during the first quarter. Millennium Management LLC now owns 2,093,416 shares of the company’s stock valued at $10,300,000 after acquiring an additional 1,756,932 shares during the period. Creative Planning increased its stake in shares of Krispy Kreme by 568.2% during the second quarter. Creative Planning now owns 67,074 shares of the company’s stock valued at $195,000 after acquiring an additional 57,036 shares during the period. Legal & General Group Plc increased its stake in shares of Krispy Kreme by 44.0% during the second quarter. Legal & General Group Plc now owns 137,268 shares of the company’s stock valued at $399,000 after acquiring an additional 41,929 shares during the period. Finally, Prudential Financial Inc. acquired a new position in shares of Krispy Kreme during the second quarter valued at approximately $32,000. Institutional investors and hedge funds own 81.72% of the company’s stock.

Analysts Set New Price Targets

DNUT has been the topic of a number of recent analyst reports. Wall Street Zen upgraded shares of Krispy Kreme from a “sell” rating to a “hold” rating in a research note on Sunday, May 17th. Weiss Ratings restated 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 on the stock in a research note on Thursday, March 26th. Finally, Zacks Research lowered shares of Krispy Kreme from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 15th. 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 stock. According to data from MarketBeat, the company has a consensus 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.