Last Updated on 06/29/2021 by GS Staff
Can You Purchase Krispy Kreme Stock?
Krispy Kreme is not publicly traded. It is privately owned and does not trade on a stock exchange. You can not purchase Krispy Kreme stock since it is owned by a private company. However, the company plans to file an Initial public offering (IPO) soon. The stock will trade on an exchange if this happens. Read on for more details.
Who Owns Krispy Kreme?
Krispy Kreme is owned by the private German investment company, JAB Holding Company. JAB has notable investments in other companies such Panera Bread, Keurig Dr Pepper (controlling stake), Bagel Brands, and Caribou Coffee. They manage $50 billion in total capital with a concentration in coffee & beverages, fast-casual restaurants, pet care, beauty & luxury, and indulgence.
Was Krispy Kreme Ever Public?
JAB acquired Krispy Kreme in 2016 for approximately $1.35 billion. Krispy Kreme shareholders received $21 per share in cash. Prior to the acquisition, Krispy Kreme was a public company that traded under the symbol KKD. Krispy Kreme no longer trades on the New York Stock Exchange after the close of the acquisition. KKD initially went public in 2000 with an opening share price of $8.
Will Krispy Kreme Ever Be Public Again?
It is likely the company will be public again. Krispy Kreme is looking to file an IPO in 2021. If this happens, Krispy Kreme stock will trade on an exchange and the public will be able to buy shares. The company wants to sell its stock between $21 to $24 a share and raise between $560-$640 million. The stock will trade under the symbol DNUT. The proceeds from the IPO will be used by Krispy Kreme to primarily repurchase executive shares, pay debts, and make tax withholding payments.
Is Dunkin’ Donuts Public?
Dunkin’ Brands (includes Dunkin’ Donuts and Baskin-Robbins) was bought by Inspire Brands in 2020. Inspire is the company behind other popular restaurants such as Buffalo Wild Wings, Jimmy John’s, Sonic, and Arby’s. They purchased Dunkin’ Brands for $11.3 billion. Dunkin’ was a publicly-traded company prior to being sold. Shareholders received $106.50 per share in cash. Dunkin’ became private and no longer traded on a stock exchange after it was officially acquired by Inspire Brands.
Publicly Traded Krispy Kreme Competitors
While you cannot purchase Krispy Kreme stock, you can consider investing in these publicly traded competitors at the right price:
- Restaurant Brands International – You may not know Restaurant Brands (NYSE: QSR) but you likely know the brands it owns. These brands include Tim Hortons, Burger King, and Popeyes. Of course, Tim Hortons is the closest competitor to Krispy Kreme with the sale of its coffee, Timbits, bagels, and muffins to consumers. The total revenue for the fiscal year 2020 was $4.9 billion.
- McDonald’s – McDonald’s (NYSE: MCD) needs no introduction for most readers. The world-famous fast-food burger company has approximately 36,000 restaurants in over 100 countries. It is famous for its Egg McMuffins, Big Macs, and many other menu items. See our article on how much McDonald’s makes in a day to get an idea of how enormous this company is.
- Starbucks – Starbucks (Nasdaq: SBUX) first opened in 1971 as one store in Seattle. The company now has more than 30,000 locations. Its fiscal year 2020 revenue was $23.5 billion.
Image Credit – Chris Potter/flickr via ccPixs.com