Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in shares of Krispy Kreme, Inc. (NASDAQ:DNUT - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 1,066,540 shares of the company's stock, valued at approximately $10,591,000. Barrow Hanley Mewhinney & Strauss LLC owned about 0.63% of Krispy Kreme at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Point72 DIFC Ltd acquired a new position in Krispy Kreme in the 3rd quarter valued at about $51,000. Central Pacific Bank Trust Division acquired a new position in Krispy Kreme in the fourth quarter valued at approximately $71,000. First Hawaiian Bank purchased a new position in Krispy Kreme in the fourth quarter worth approximately $111,000. Franklin Resources Inc. grew its position in Krispy Kreme by 30.7% in the third quarter. Franklin Resources Inc. now owns 14,467 shares of the company's stock worth $158,000 after acquiring an additional 3,395 shares during the period. Finally, KLP Kapitalforvaltning AS acquired a new stake in Krispy Kreme during the fourth quarter worth $193,000. 81.72% of the stock is currently owned by institutional investors and hedge funds.
Krispy Kreme Trading Down 1.3 %
NASDAQ:DNUT traded down $0.06 on Friday, reaching $4.41. 4,387,854 shares of the company's stock were exchanged, compared to its average volume of 2,239,693. The firm has a market capitalization of $751.02 million, a price-to-earnings ratio of 25.94, a price-to-earnings-growth ratio of 3.24 and a beta of 1.40. Krispy Kreme, Inc. has a 52-week low of $4.14 and a 52-week high of $16.05. The company has a quick ratio of 0.28, a current ratio of 0.35 and a debt-to-equity ratio of 0.67. The business has a fifty day moving average of $6.98 and a 200-day moving average of $9.32.
Krispy Kreme (NASDAQ:DNUT - Get Free Report) last announced its earnings results on Tuesday, February 25th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.09). Krispy Kreme had a return on equity of 0.53% and a net margin of 1.64%. The business had revenue of $404.00 million for the quarter, compared to analysts' expectations of $413.18 million. During the same period in the previous year, the company earned $0.09 earnings per share. Krispy Kreme's quarterly revenue was down 10.4% on a year-over-year basis. As a group, analysts expect that Krispy Kreme, Inc. will post 0.07 earnings per share for the current year.
Krispy Kreme Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 7th. Investors of record on Wednesday, April 23rd will be issued a $0.035 dividend. The ex-dividend date is Wednesday, April 23rd. This represents a $0.14 dividend on an annualized basis and a yield of 3.17%. Krispy Kreme's dividend payout ratio (DPR) is presently 700.00%.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently weighed in on the company. Morgan Stanley cut Krispy Kreme from an "equal weight" rating to an "underweight" rating and lowered their price target for the stock from $12.00 to $6.00 in a report on Wednesday, February 26th. Truist Financial reiterated a "buy" rating and set a $12.00 price target (down from $15.00) on shares of Krispy Kreme in a research report on Wednesday, February 26th. Finally, Piper Sandler reduced their price target on shares of Krispy Kreme from $18.00 to $12.00 and set an "overweight" rating on the stock in a research note on Wednesday, February 26th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Krispy Kreme has a consensus rating of "Moderate Buy" and a consensus price target of $12.29.
Check Out Our Latest Stock Report on Krispy Kreme
Krispy Kreme Profile
(
Free Report)
Krispy Kreme, Inc, together with its subsidiaries, produces doughnuts in the United States, the United Kingdom, Ireland, Australia, New Zealand, Mexico, Canada, Japan, and internationally. The company operates through three segments: U.S., International, and Market Development. The company offers doughnut experiences through hot light theater and fresh shops, delivered fresh daily branded cabinets and merchandising units within grocery and convenience stores, quick service restaurants, club memberships, drug stores, and ecommerce, as well as through its branded sweet treat line comprising Krispy Kreme branded sweet treats.
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