Insiders are generally long-term investors due to restriction in making short-term profits. In contrast, wealth management institutions always have short-term investment. Wall St. Watchdog reveals information regarding the insiders and institutions which recently decreased stock shares of Krispy Kreme Doughnuts Inc. (NYSE:KKD).
SEC data indicate these insiders have sold Krispy Kreme Doughnuts Inc.’s stock since 06/30/2011:
Mohamed Abdulmohsin Al Kharafi: act as 10% Owner. On 07/06/2011, sold 243,181 shares, worth $2,358,900.
Muir Douglas R: act as CFO. On 06/30/2011, sold 181,000 shares, worth $1,715,900.
Lineberger Steven A.: act as Senior Vice President. On 07/19/2011, sold 150,423 shares, worth $1,421,500.
Mohamed Abdulmohsin Al Kharafi: act as 10% Owner. On 07/07/2011, sold 129,900 shares, worth $1,269,100.
Mohamed Abdulmohsin Al Kharafi: act as 10% Owner. On 07/07/2011, sold 75,400 shares, worth $730,600.
SEC data indicate that these institutions significantly reduced their stock shares of Krispy Kreme Doughnuts Inc. in Q3 2011:
RENAISSANCE TECHNOLOGIES LLC: On 06/30/2011, held 467,611 shares, worth $4,446,981. On 09/30/2011, held 0 shares.
BOGLE INVESTMENT MANAGEMENT L P /DE/: On 06/30/2011, held 269,316 shares, worth $2,561,195. On 09/30/2011, held 0 shares.
BALYASNY ASSET MANAGEMENT LLC: On 06/30/2011, held 233,600 shares, worth $2,221,536. On 09/30/2011, held 0 shares.
LOWE BROCKENBROUGH & CO INC: On 06/30/2011, held 202,648 shares, worth $1,927,182. On 09/30/2011, held 0 shares.
About the company: Krispy Kreme Doughnuts, Inc. owns, operates, and franchises retail stores that sell doughnuts. The Company operates its stores under the Krispy Kreme name and specializes in making doughnuts, including their Hot Original Glazed. Krispy Kreme fully displays the production process, also known as the doughnut making theater.
Competitors to Watch: Retail Food Group Limited (NYSE:RFG), Jamba, Inc. (NASDAQ:JMBA), Peet’s Coffee & Tea, Inc. (NASDAQ:PEET), Starbucks Corporation (NASDAQ:SBUX), Einstein Noah Restaurant Group, Inc. (NASDAQ:BAGL), Panera Bread Company (NASDAQ:PNRA), Caribou Coffee Co., Inc. (NASDAQ:CBOU), Peet’s Coffee & Tea, Inc. (NASDAQ:PEET), McDonald’s Corporation (NYSE:MCD), Yum! Brands, Inc. (NYSE:YUM) and Green Mountain Coffee Roasters Inc. (NASDAQ:GMCR)
(Note: Data regarding Krispy Kreme Doughnuts Inc.’s stock holdings are sourced from whalewisdom.com. All data are assumed to be accurate.)
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