04:46 PM EDT, 06/18/2024 (MT Newswires) -- Hawkins (HWKN) was the stock pick of the week from Smart Insider following a flurry of purchases totaling more than $800,000 by a member of the company's board.

Director James Faulconbridge, who's been on the board since 2006, made purchases of about $165,000 in shares in early June and more recently spent another $640,000 for Hawkins stock, Smart Insider said in a note to clients.

Shares reached a record-high close of $89.59 a share on Tuesday and are up 28% this year.

Smart Insider said it raised its rating on Hawkins after the second round of purchases by Faulconbridge, saying it was a "strong positive signal."