Dimensional Fund Advisors LP Boosts Stock Holdings in Krispy Kreme, Inc. (NASDAQ:DNUT)

Dimensional Fund Advisors LP boosted its position in Krispy Kreme, Inc. (NASDAQ:DNUT) by 38.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,779,882 shares of the company’s stock after purchasing an additional 1,042,345 shares during the period. Dimensional Fund Advisors LP owned about 2.24% of Krispy Kreme worth $40,670,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Blue Trust Inc. purchased a new position in Krispy Kreme in the second quarter valued at approximately $68,000. Tidal Investments LLC bought a new stake in Krispy Kreme during the 1st quarter valued at $154,000. Armistice Capital LLC bought a new stake in Krispy Kreme during the 4th quarter valued at $170,000. Sciencast Management LP bought a new stake in Krispy Kreme during the 1st quarter valued at $223,000. Finally, ProShare Advisors LLC raised its holdings in Krispy Kreme by 8.5% during the 1st quarter. ProShare Advisors LLC now owns 15,739 shares of the company’s stock valued at $240,000 after acquiring an additional 1,239 shares during the period. Hedge funds and other institutional investors own 81.72% of the company’s stock.

Krispy Kreme Trading Down 1.6 %

Shares of DNUT stock opened at $10.74 on Tuesday. Krispy Kreme, Inc. has a 12-month low of $9.18 and a 12-month high of $17.84. The company has a current ratio of 0.34, a quick ratio of 0.26 and a debt-to-equity ratio of 0.73. The firm’s 50 day moving average is $11.00 and its 200 day moving average is $11.76. The stock has a market capitalization of $1.81 billion, a P/E ratio of -39.78, a P/E/G ratio of 3.54 and a beta of 1.41.

Krispy Kreme (NASDAQ:DNUT) last issued its earnings results on Thursday, August 8th. The company reported $0.05 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.05. The company had revenue of $438.80 million for the quarter, compared to analysts’ expectations of $435.43 million. Krispy Kreme had a negative net margin of 2.98% and a positive return on equity of 1.12%. The firm’s quarterly revenue was up 7.3% on a year-over-year basis. During the same quarter last year, the company posted $0.04 earnings per share. Research analysts expect that Krispy Kreme, Inc. will post 0.13 earnings per share for the current year.

Krispy Kreme Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 6th. Stockholders of record on Wednesday, October 23rd will be paid a dividend of $0.035 per share. This represents a $0.14 annualized dividend and a dividend yield of 1.30%. The ex-dividend date is Wednesday, October 23rd. Krispy Kreme’s dividend payout ratio is presently -51.85%.

Analyst Upgrades and Downgrades

DNUT has been the topic of several research analyst reports. JPMorgan Chase & Co. initiated coverage on shares of Krispy Kreme in a report on Monday, June 3rd. They issued an “overweight” rating and a $14.00 price target on the stock. Hsbc Global Res upgraded shares of Krispy Kreme from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 23rd. Bank of America cut their price target on shares of Krispy Kreme from $19.00 to $16.00 and set a “buy” rating for the company in a research report on Wednesday, July 17th. HSBC upgraded shares of Krispy Kreme from a “hold” rating to a “buy” rating and set a $14.00 price target for the company in a research report on Tuesday, July 23rd. Finally, Truist Financial upgraded shares of Krispy Kreme from a “hold” rating to a “buy” rating and increased their target price for the stock from $13.00 to $15.00 in a report on Monday, June 10th. Three research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Krispy Kreme currently has a consensus rating of “Moderate Buy” and an average price target of $15.88.

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.