Quantbot Technologies LP Acquires New Shares in Krispy Kreme, Inc. (NASDAQ:DNUT)

Quantbot Technologies LP purchased a new stake in shares of Krispy Kreme, Inc. (NASDAQ:DNUT - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 65,119 shares of the company's stock, valued at approximately $647,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Point72 DIFC Ltd purchased a new position in shares of Krispy Kreme in the 3rd quarter worth $51,000. Central Pacific Bank Trust Division purchased a new position in Krispy Kreme in the fourth quarter worth about $71,000. First Hawaiian Bank bought a new stake in Krispy Kreme during the fourth quarter worth approximately $111,000. Franklin Resources Inc. raised its position in Krispy Kreme by 30.7% during the third quarter. Franklin Resources Inc. now owns 14,467 shares of the company's stock valued at $158,000 after purchasing an additional 3,395 shares during the period. Finally, Intech Investment Management LLC bought a new stake in shares of Krispy Kreme in the 3rd quarter valued at approximately $278,000. 81.72% of the stock is owned by institutional investors.

Krispy Kreme Trading Down 1.6 %

Shares of NASDAQ:DNUT traded down $0.08 on Monday, hitting $4.92. 3,139,019 shares of the company's stock were exchanged, compared to its average volume of 2,215,704. The stock has a market capitalization of $837.88 million, a price-to-earnings ratio of 28.94, a price-to-earnings-growth ratio of 3.24 and a beta of 1.40. Krispy Kreme, Inc. has a 12 month low of $4.87 and a 12 month high of $16.05. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.35 and a quick ratio of 0.28. The business's 50 day simple moving average is $7.30 and its two-hundred day simple moving average is $9.49.

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Krispy Kreme (NASDAQ:DNUT - Get Free Report) last announced its quarterly earnings data 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). The company had revenue of $404.00 million for the quarter, compared to the consensus estimate of $413.18 million. Krispy Kreme had a net margin of 1.64% and a return on equity of 0.53%. The company's quarterly revenue was down 10.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.09 EPS. Analysts anticipate that Krispy Kreme, Inc. will post 0.07 EPS for the current fiscal year.

Krispy Kreme Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 7th. Investors of record on Wednesday, April 23rd will be paid a $0.035 dividend. The ex-dividend date is Wednesday, April 23rd. This represents a $0.14 annualized dividend and a yield of 2.85%. Krispy Kreme's dividend payout ratio (DPR) is currently 700.00%.

Wall Street Analysts Forecast Growth

DNUT has been the topic of several analyst reports. Piper Sandler cut their target price on Krispy Kreme from $18.00 to $12.00 and set an "overweight" rating on the stock in a research report on Wednesday, February 26th. Morgan Stanley cut shares of Krispy Kreme from an "equal weight" rating to an "underweight" rating and cut their price objective for the company from $12.00 to $6.00 in a research report on Wednesday, February 26th. Finally, Truist Financial restated 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. One analyst has rated the stock with a sell rating, one has given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $12.29.

About Krispy Kreme

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.