Krispy Kreme, Inc. (NASDAQ:DNUT) Shares Acquired by Edgestream Partners L.P.

Edgestream Partners L.P. boosted its holdings in shares of Krispy Kreme, Inc. (NASDAQ:DNUT - Free Report) by 158.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 130,995 shares of the company's stock after buying an additional 80,394 shares during the quarter. Edgestream Partners L.P. owned approximately 0.08% of Krispy Kreme worth $1,301,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in DNUT. Bamco Inc. NY lifted its holdings in Krispy Kreme by 4.2% during the third quarter. Bamco Inc. NY now owns 10,481,319 shares of the company's stock valued at $112,569,000 after purchasing an additional 425,630 shares in the last quarter. Banco Santander S.A. lifted its holdings in shares of Krispy Kreme by 0.3% in the third quarter. Banco Santander S.A. now owns 6,916,972 shares of the company's stock worth $74,288,000 after buying an additional 21,723 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Krispy Kreme by 2.3% in the third quarter. Geode Capital Management LLC now owns 2,099,645 shares of the company's stock worth $22,555,000 after buying an additional 48,203 shares in the last quarter. Paloma Partners Management Co lifted its holdings in shares of Krispy Kreme by 6,993.4% in the third quarter. Paloma Partners Management Co now owns 872,068 shares of the company's stock worth $9,366,000 after buying an additional 859,774 shares in the last quarter. Finally, Verition Fund Management LLC lifted its holdings in shares of Krispy Kreme by 100.6% in the third quarter. Verition Fund Management LLC now owns 711,366 shares of the company's stock worth $7,640,000 after buying an additional 356,803 shares in the last quarter. 81.72% of the stock is currently owned by institutional investors.

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Krispy Kreme Trading Down 8.3 %

Shares of NASDAQ DNUT traded down $0.49 during trading on Tuesday, hitting $5.41. 6,295,349 shares of the company were exchanged, compared to its average volume of 2,966,712. Krispy Kreme, Inc. has a 12-month low of $5.30 and a 12-month high of $17.84. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.28 and a current ratio of 0.35. The company has a fifty day moving average price of $8.38 and a 200-day moving average price of $10.07. The firm has a market capitalization of $921.32 million, a PE ratio of 31.82, a P/E/G ratio of 3.24 and a beta of 1.41.

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

Krispy Kreme Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 7th. Investors of record on Wednesday, April 23rd will be given a dividend of $0.035 per share. This represents a $0.14 dividend on an annualized basis and a dividend yield of 2.59%. The ex-dividend date is Wednesday, April 23rd. Krispy Kreme's payout ratio is 700.00%.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Piper Sandler lowered their target price on shares of Krispy Kreme from $18.00 to $12.00 and set an "overweight" rating on the stock in a report on Wednesday, February 26th. Truist Financial reissued a "buy" rating and issued a $12.00 target price (down previously from $15.00) on shares of Krispy Kreme in a report on Wednesday, February 26th. Morgan Stanley cut shares of Krispy Kreme from an "equal weight" rating to an "underweight" rating and reduced their price target for the stock from $12.00 to $6.00 in a research report on Wednesday, February 26th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Krispy Kreme from $14.00 to $13.00 and set an "overweight" rating on the stock in a research report on Tuesday, November 12th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $13.13.

Krispy Kreme 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.