Krispy Kreme, Inc. (NASDAQ:DNUT) Shares Acquired by Sei Investments Co.

Sei Investments Co. increased its holdings in shares of Krispy Kreme, Inc. (NASDAQ:DNUT - Free Report) by 491.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 121,297 shares of the company's stock after acquiring an additional 100,796 shares during the quarter. Sei Investments Co. owned about 0.07% of Krispy Kreme worth $1,204,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Edgestream Partners L.P. raised its holdings in shares of Krispy Kreme by 158.9% during the 4th quarter. Edgestream Partners L.P. now owns 130,995 shares of the company's stock worth $1,301,000 after acquiring an additional 80,394 shares during the period. Rhumbline Advisers boosted its holdings in Krispy Kreme by 2.2% in the 4th quarter. Rhumbline Advisers now owns 119,083 shares of the company's stock valued at $1,182,000 after purchasing an additional 2,532 shares during the last quarter. Barclays PLC grew its stake in shares of Krispy Kreme by 450.6% in the 3rd quarter. Barclays PLC now owns 169,209 shares of the company's stock valued at $1,816,000 after buying an additional 138,475 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of Krispy Kreme by 20.8% during the 4th quarter. Bank of New York Mellon Corp now owns 546,792 shares of the company's stock worth $5,430,000 after buying an additional 94,000 shares during the last quarter. Finally, Quantbot Technologies LP purchased a new stake in shares of Krispy Kreme during the 4th quarter valued at approximately $647,000. Hedge funds and other institutional investors own 81.72% of the company's stock.

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Analysts Set New Price Targets

DNUT has been the subject of several recent analyst reports. Truist Financial reissued a "buy" rating and set a $12.00 target price (down previously from $15.00) on shares of Krispy Kreme in a research note on Wednesday, February 26th. Piper Sandler cut 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. Finally, Morgan Stanley cut shares of Krispy Kreme from an "equal weight" rating to an "underweight" rating and decreased their target price for the company from $12.00 to $6.00 in a research report on Wednesday, February 26th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $12.29.

Krispy Kreme Stock Down 1.4 %

Shares of DNUT traded down $0.06 during mid-day trading on Friday, hitting $4.23. 3,459,151 shares of the company's stock were exchanged, compared to its average volume of 2,205,390. 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 market cap of $720.37 million, a price-to-earnings ratio of 24.88, a P/E/G ratio of 3.24 and a beta of 1.47. The stock's 50-day moving average is $6.30 and its 200-day moving average is $8.96. Krispy Kreme, Inc. has a fifty-two week low of $3.92 and a fifty-two week high of $15.30.

Krispy Kreme (NASDAQ:DNUT - Get Free Report) last issued 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). Krispy Kreme had a net margin of 1.64% and a return on equity of 0.53%. The business had revenue of $404.00 million during the quarter, compared to analysts' expectations of $413.18 million. During the same period in the prior year, the business earned $0.09 EPS. The business's quarterly revenue was down 10.4% on a year-over-year basis. On average, sell-side analysts anticipate that Krispy Kreme, Inc. will post 0.07 earnings per share for the current fiscal year.

Krispy Kreme Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 7th. Shareholders of record on Wednesday, April 23rd will be given a $0.035 dividend. This represents a $0.14 dividend on an annualized basis and a yield of 3.31%. The ex-dividend date is Wednesday, April 23rd. Krispy Kreme's dividend payout ratio is currently 700.00%.

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.