Cooper Creek Partners Management LLC Boosts Holdings in Krispy Kreme, Inc. (NASDAQ:DNUT)

Cooper Creek Partners Management LLC boosted its position in shares of Krispy Kreme, Inc. (NASDAQ:DNUT - Free Report) by 43.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 7,264,760 shares of the company's stock after purchasing an additional 2,186,136 shares during the quarter. Krispy Kreme comprises about 2.2% of Cooper Creek Partners Management LLC's holdings, making the stock its 18th biggest holding. Cooper Creek Partners Management LLC owned 4.27% of Krispy Kreme worth $72,139,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of DNUT. Stifel Financial Corp raised its stake in shares of Krispy Kreme by 2.5% in the third quarter. Stifel Financial Corp now owns 38,658 shares of the company's stock worth $415,000 after purchasing an additional 958 shares during the last quarter. Handelsbanken Fonder AB increased its holdings in Krispy Kreme by 4.4% in the 4th quarter. Handelsbanken Fonder AB now owns 30,800 shares of the company's stock worth $306,000 after buying an additional 1,300 shares in the last quarter. Swiss National Bank raised its position in Krispy Kreme by 1.3% in the 4th quarter. Swiss National Bank now owns 166,800 shares of the company's stock worth $1,656,000 after buying an additional 2,100 shares during the last quarter. Rhumbline Advisers lifted its stake in Krispy Kreme by 2.2% during the 4th quarter. Rhumbline Advisers now owns 119,083 shares of the company's stock valued at $1,182,000 after acquiring an additional 2,532 shares during the period. Finally, Franklin Resources Inc. boosted its holdings in shares of Krispy Kreme by 30.7% during the 3rd quarter. Franklin Resources Inc. now owns 14,467 shares of the company's stock valued at $158,000 after acquiring an additional 3,395 shares during the last quarter. 81.72% of the stock is currently owned by institutional investors.

Krispy Kreme Trading Down 1.4 %

NASDAQ:DNUT opened at $4.23 on Friday. The business has a fifty day moving average price of $6.30 and a 200-day moving average price of $8.96. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.35 and a quick ratio of 0.28. Krispy Kreme, Inc. has a one year low of $3.92 and a one year high of $15.30. The firm has a market capitalization of $720.37 million, a price-to-earnings ratio of 24.88, a price-to-earnings-growth ratio of 3.24 and a beta of 1.47.

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Krispy Kreme (NASDAQ:DNUT - Get Free Report) last released its earnings results on Tuesday, February 25th. The company reported $0.01 earnings per share for the quarter, missing analysts' consensus estimates of $0.10 by ($0.09). Krispy Kreme had a net margin of 1.64% and a return on equity of 0.53%. The firm had revenue of $404.00 million for the quarter, compared to analysts' expectations of $413.18 million. During the same quarter last year, the firm posted $0.09 EPS. The firm's quarterly revenue was down 10.4% compared to the same quarter last year. Sell-side analysts forecast that Krispy Kreme, Inc. will post 0.07 EPS for the current year.

Krispy Kreme Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 7th. Investors of record on Wednesday, April 23rd will be paid a dividend of $0.035 per share. This represents a $0.14 annualized dividend and a yield of 3.31%. The ex-dividend date of this dividend is Wednesday, April 23rd. Krispy Kreme's dividend payout ratio (DPR) is presently 700.00%.

Analyst Ratings Changes

Several research firms have recently weighed in on DNUT. Morgan Stanley cut shares of Krispy Kreme from an "equal weight" rating to an "underweight" rating and decreased their price objective for the company from $12.00 to $6.00 in a report on Wednesday, February 26th. Truist Financial reaffirmed a "buy" rating and issued a $12.00 price objective (down previously from $15.00) on shares of Krispy Kreme in a report on Wednesday, February 26th. Finally, Piper Sandler reduced their price objective on Krispy Kreme from $18.00 to $12.00 and set an "overweight" rating for the company in a research report on Wednesday, February 26th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, five have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $12.29.

Krispy Kreme Company Profile

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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