Krispy Kreme, Inc. (NASDAQ:DNUT) Position Increased by Northern Trust Corp

Northern Trust Corp lifted its position in Krispy Kreme, Inc. (NASDAQ:DNUT) by 5.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 750,603 shares of the company’s stock after buying an additional 40,063 shares during the quarter. Northern Trust Corp owned about 0.44% of Krispy Kreme worth $7,453,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in DNUT. Cooper Creek Partners Management LLC increased its stake in Krispy Kreme by 43.0% during the fourth quarter. Cooper Creek Partners Management LLC now owns 7,264,760 shares of the company’s stock valued at $72,139,000 after acquiring an additional 2,186,136 shares during the period. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in shares of Krispy Kreme during the 4th quarter valued at about $10,591,000. Peregrine Capital Management LLC bought a new stake in Krispy Kreme in the fourth quarter valued at about $5,897,000. Dimensional Fund Advisors LP raised its position in Krispy Kreme by 8.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,191,111 shares of the company’s stock worth $41,614,000 after purchasing an additional 333,764 shares in the last quarter. Finally, 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 purchasing an additional 138,475 shares during the period. 81.72% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have weighed in on DNUT. JPMorgan Chase & Co. restated a “neutral” rating on shares of Krispy Kreme in a research report on Wednesday, May 14th. Citigroup dropped their target price on Krispy Kreme from $4.75 to $3.60 and set a “neutral” rating for the company in a research report on Friday, May 9th. Truist Financial lowered Krispy Kreme from a “buy” rating to a “hold” rating in a research report on Thursday, May 8th. Morgan Stanley cut Krispy Kreme from an “equal weight” rating to an “underweight” rating and dropped their price objective for the stock from $12.00 to $6.00 in a report on Wednesday, February 26th. Finally, Piper Sandler reduced their target price on shares of Krispy Kreme from $18.00 to $12.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 26th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $10.58.

Insider Buying and Selling

In other news, major shareholder Indulgence B.V. Jab sold 694,445 shares of the business’s stock in a transaction dated 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 owns 74,190,990 shares of the company’s stock, valued at approximately $320,505,076.80. The trade was a 0.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 5.30% of the stock is currently owned by corporate insiders.

Krispy Kreme Stock Performance

DNUT stock opened at $3.13 on Tuesday. The company has a current ratio of 0.35, a quick ratio of 0.28 and a debt-to-equity ratio of 0.67. The firm has a market cap of $534.16 million, a PE ratio of 18.41, a P/E/G ratio of 3.24 and a beta of 1.49. The business’s 50-day moving average price is $4.40 and its two-hundred day moving average price is $7.62. Krispy Kreme, Inc. has a 1-year low of $2.58 and a 1-year high of $12.68.

Krispy Kreme (NASDAQ:DNUT) last posted its quarterly earnings data on Thursday, May 8th. The company reported ($0.05) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.05). The company had revenue of $375.18 million for the quarter, compared to the consensus estimate of $383.97 million. Krispy Kreme had a net margin of 1.64% and a return on equity of 0.53%. The firm’s revenue was down 15.2% compared to the same quarter last year. During the same period last year, the company earned $0.07 earnings per share. As a group, research analysts forecast that Krispy Kreme, Inc. will post 0.07 earnings per share for the current year.

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.