Krispy Kreme, Inc. (NASDAQ:DNUT) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. lessened its stake in Krispy Kreme, Inc. (NASDAQ:DNUT) by 6.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 521,713 shares of the company’s stock after selling 38,540 shares during the quarter. JPMorgan Chase & Co. owned about 0.31% of Krispy Kreme worth $5,181,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Peregrine Capital Management LLC bought a new position in Krispy Kreme during the 4th quarter worth approximately $5,897,000. Barclays PLC increased its stake in Krispy Kreme by 450.6% during the third quarter. Barclays PLC now owns 169,209 shares of the company’s stock valued at $1,816,000 after purchasing an additional 138,475 shares during the last quarter. Sei Investments Co. boosted its stake in Krispy Kreme by 491.7% in the fourth quarter. Sei Investments Co. now owns 121,297 shares of the company’s stock valued at $1,204,000 after acquiring an additional 100,796 shares during the period. Bank of New York Mellon Corp grew its stake in 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, Edgestream Partners L.P. increased its position in Krispy Kreme by 158.9% in the fourth quarter. Edgestream Partners L.P. now owns 130,995 shares of the company’s stock worth $1,301,000 after buying an additional 80,394 shares during the period. Institutional investors and hedge funds own 81.72% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on DNUT shares. Morgan Stanley lowered shares of Krispy Kreme from an “equal weight” rating to an “underweight” rating and lowered their price target for the stock from $12.00 to $6.00 in a research report on Wednesday, February 26th. Truist Financial restated a “buy” rating and set a $12.00 price objective (down from $15.00) on shares of Krispy Kreme in a research note on Wednesday, February 26th. Finally, Piper Sandler decreased their target price on shares of 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 analyst has rated the stock with a sell rating, one has issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $12.29.

Krispy Kreme Stock Up 4.4 %

Shares of NASDAQ DNUT opened at $4.16 on Friday. The firm has a 50 day moving average price of $5.84 and a 200 day moving average price of $8.74. 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 stock has a market cap of $707.60 million, a P/E ratio of 24.44, a P/E/G ratio of 3.24 and a beta of 1.47. Krispy Kreme, Inc. has a 52-week low of $3.91 and a 52-week high of $13.69.

Krispy Kreme (NASDAQ:DNUT) last issued its earnings results on Tuesday, February 25th. The company reported $0.01 earnings per share (EPS) 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 during the quarter, compared to the consensus estimate of $413.18 million. During the same period in the previous year, the company posted $0.09 earnings per share. The firm’s revenue for the quarter was down 10.4% compared to the same quarter last year. Analysts expect that Krispy Kreme, Inc. will post 0.07 EPS for the current year.

Krispy Kreme Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 7th. Shareholders of record on Wednesday, April 23rd will be paid a dividend of $0.035 per share. The ex-dividend date is Wednesday, April 23rd. This represents a $0.14 dividend on an annualized basis and a dividend yield of 3.37%. Krispy Kreme’s payout ratio is presently 700.00%.

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.