First Trust Advisors LP Sells 4,987 Shares of Krispy Kreme, Inc. (NASDAQ:DNUT)

First Trust Advisors LP trimmed its position in shares of Krispy Kreme, Inc. (NASDAQ:DNUT) by 8.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 54,958 shares of the company’s stock after selling 4,987 shares during the period. First Trust Advisors LP’s holdings in Krispy Kreme were worth $546,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of DNUT. XTX Topco Ltd purchased a new position in shares of Krispy Kreme during the 4th quarter valued at $199,000. Cooper Creek Partners Management LLC increased its stake in shares of Krispy Kreme by 43.0% in the fourth quarter. Cooper Creek Partners Management LLC now owns 7,264,760 shares of the company’s stock worth $72,139,000 after purchasing an additional 2,186,136 shares in the last quarter. Quinn Opportunity Partners LLC raised its position in shares of Krispy Kreme by 10.9% in the fourth quarter. Quinn Opportunity Partners LLC now owns 50,754 shares of the company’s stock valued at $504,000 after purchasing an additional 5,000 shares during the period. Wells Fargo & Company MN lifted its stake in shares of Krispy Kreme by 100.9% during the 4th quarter. Wells Fargo & Company MN now owns 229,352 shares of the company’s stock valued at $2,277,000 after buying an additional 115,177 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in Krispy Kreme by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 2,110,288 shares of the company’s stock worth $20,960,000 after buying an additional 10,643 shares during the period. 81.72% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on DNUT. 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. Citigroup cut their price objective on shares of Krispy Kreme from $4.75 to $3.60 and set a “neutral” rating for the company in a research report on Friday. Morgan Stanley lowered shares of Krispy Kreme from an “equal weight” rating to an “underweight” rating and decreased their target price for the stock from $12.00 to $6.00 in a report on Wednesday, February 26th. Finally, Truist Financial downgraded shares of Krispy Kreme from a “buy” rating to a “hold” rating in a report on Thursday. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $10.58.

Insiders Place Their Bets

In other news, major shareholder Indulgence B.V. Jab sold 694,445 shares of the business’s stock in a transaction that occurred on Wednesday, April 23rd. The shares were sold at an average price of $4.32, for a total value of $3,000,002.40. Following the completion of the sale, the insider now directly owns 74,190,990 shares in the company, valued at approximately $320,505,076.80. The trade was a 0.93 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 5.30% of the stock is owned by insiders.

Krispy Kreme Price Performance

Shares of NASDAQ:DNUT opened at $2.73 on Friday. The company’s fifty day moving average price is $4.72 and its 200-day moving average price is $8.02. 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 firm has a market capitalization of $465.90 million, a price-to-earnings ratio of 16.06, a PEG ratio of 3.24 and a beta of 1.49. Krispy Kreme, Inc. has a one year low of $2.58 and a one year high of $13.25.

Krispy Kreme (NASDAQ:DNUT) last released its earnings results on Thursday, May 8th. The company reported ($0.05) EPS for the quarter, meeting analysts’ consensus estimates of ($0.05). Krispy Kreme had a return on equity of 0.53% and a net margin of 1.64%. The business had revenue of $375.18 million for the quarter, compared to analysts’ expectations of $383.97 million. During the same quarter in the prior year, the firm earned $0.07 earnings per share. The firm’s revenue was down 15.2% on a year-over-year basis. On average, equities research analysts anticipate that Krispy Kreme, Inc. will post 0.07 earnings per share for the current fiscal year.

Krispy Kreme Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 7th. Investors of record on Wednesday, April 23rd were given a $0.035 dividend. The ex-dividend date of this dividend was Wednesday, April 23rd. This represents a $0.14 dividend on an annualized basis and a yield of 5.13%. Krispy Kreme’s payout ratio is 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.