Krispy Kreme investors might finally have something to cheer about.
According to a filing with the SEC today, Mohamed Abdulmohsin Al Kharafi & Sons of Kuwait were busy Monday and Tuesday, having collectively bought 71,900 additional shares of Krispy Kreme (nyse: KKD - news - people ), bringing their total to 7.4 milllion. The spending spree raised their already largest stake in the firm to 11.4% and sent share prices of the struggling doughnut maker spiking on Wednesday trading.
The purchase comes after a different SEC filing Monday showed the investor had upped its stake in the company to 11.3 percent. According to an earlier filing with the SEC by Krispy Kreme, as of April 27 th the Kuwaiti contractor owned 6.1 million shares and held a 9.5% stake in the company.
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