Krispy Kreme stock jumps after JAB Holdings increases stake

Upward arrow made of dollar banknotes on white background - Concept of growing and upward trend of dollar currency
CalypsoArt/iStock via Getty Images

  • Krispy Kreme (DNUT +8.0%) shares jumped today after a filing showed that JAB Holdings increased its equity stake to 3.84% of the company.
  • On Aug 20, the firm purchased 294,748 shares at a price of approximately $15.19 per share.
  • Krispy Kreme shares are up about 15.2% since posting quarterly marks roughly in line with expectations in their first earnings report as the company's hub-and-spoke model drives revenue growth.
  • Read why Seeking Alpha contributor Limitless Investing disagrees with the purchase and believes that Krispy Kreme is overvalued here.

Comments (4)

To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.