Bernardo Hees Buys 150,000 Shares of Krispy Kreme (NASDAQ:DNUT) Stock
by Scott Moore · The Cerbat GemKrispy Kreme, Inc. (NASDAQ:DNUT – Get Free Report) Director Bernardo Hees acquired 150,000 shares of the business’s stock in a transaction that occurred on Thursday, June 4th. The shares were bought at an average price of $3.29 per share, with a total value of $493,500.00. Following the completion of the purchase, the director owned 1,549,633 shares in the company, valued at $5,098,292.57. This trade represents a 10.72% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
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 bought 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 stock was acquired at an average price of $3.39 per share, with a total value of $799,616.25.
- On Monday, June 1st, Bernardo Hees purchased 73,640 shares of Krispy Kreme stock. The stock was acquired at an average price of $3.44 per share, with a total value of $253,321.60.
- On Thursday, May 28th, Bernardo Hees bought 200,989 shares of Krispy Kreme stock. The stock was bought at an average cost of $3.42 per share, for a total transaction of $687,382.38.
- On Wednesday, May 27th, Bernardo Hees bought 22,114 shares of Krispy Kreme stock. The stock was bought at an average cost of $3.38 per share, for a total transaction of $74,745.32.
- On Tuesday, May 26th, Bernardo Hees bought 1,974 shares of Krispy Kreme stock. The stock was bought at an average cost of $3.30 per share, for a total transaction of $6,514.20.
Krispy Kreme Price Performance
Shares of DNUT stock traded down $0.03 during mid-day trading on Thursday, hitting $3.27. The company had a trading volume of 1,754,618 shares, compared to its average volume of 2,398,985. Krispy Kreme, Inc. has a 52-week low of $2.50 and a 52-week high of $5.73. The stock’s 50 day moving average price is $3.48 and its 200-day moving average price is $3.64. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.42 and a quick ratio of 0.36. The company has a market capitalization of $563.75 million, a P/E ratio of -1.09 and a beta of 1.27.
Krispy Kreme (NASDAQ:DNUT – Get Free Report) last released 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 company had revenue of $367.03 million during the quarter, compared to analysts’ expectations of $359.42 million. During the same period last year, the firm posted ($0.05) EPS. Krispy Kreme’s quarterly revenue was down 2.2% compared to the same quarter last year. Equities research analysts forecast that Krispy Kreme, Inc. will post -0.07 earnings per share for the current year.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the business. Prudential Financial Inc. purchased a new position in shares of Krispy Kreme in the second quarter valued at $32,000. Russell Investments Group Ltd. grew its holdings in shares of 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 purchasing an additional 7,832 shares in the last quarter. Captrust Financial Advisors purchased a new stake in Krispy Kreme during the 2nd quarter valued at $34,000. Apollon Wealth Management LLC purchased a new stake in Krispy Kreme during the 1st quarter valued at $35,000. Finally, Raymond James Financial Inc. purchased a new stake in Krispy Kreme during the 2nd quarter valued at $37,000. 81.72% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several equities analysts have recently commented on the stock. Weiss Ratings reissued 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 research report on Sunday, May 17th. Zacks Research lowered shares of Krispy Kreme from a “strong-buy” rating to a “hold” rating in a report on Friday, May 15th. Finally, Capital One Financial raised 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 report on Thursday, March 26th. Three equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $4.63.
More Krispy Kreme News
Here are the key news stories impacting Krispy Kreme this week:
- Positive Sentiment: Director Bernardo Hees bought 150,000 shares on June 4, adding to a series of recent insider purchases and signaling confidence in Krispy Kreme’s outlook. SEC Form 4 filing
- Positive Sentiment: Bernardo Hees also bought 170,596 shares on June 3, increasing his ownership in the company, which reinforces the bullish insider-buying trend. SEC Form 4 filing
- Positive Sentiment: The company is getting extra media attention around National Donut Day, with articles highlighting Krispy Kreme free-doughnut giveaways and promotions that could drive customer traffic and near-term sales. Yahoo Lifestyle article
- Neutral Sentiment: Several outlets are covering broader National Donut Day deals across multiple chains, which may boost awareness for Krispy Kreme but also highlights the competitive promotional environment. MSN article
- Negative Sentiment: The insider purchases do not change the company’s underlying operating challenges, and Krispy Kreme has recently reported weak profitability and negative margins, which may keep upside in check.
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.
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