UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Acquires 19,295 Shares of Krispy Kreme, Inc. (NASDAQ:DNUT)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Krispy Kreme, Inc. (NASDAQ:DNUT) by 13.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 166,373 shares of the company’s stock after purchasing an additional 19,295 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.10% of Krispy Kreme worth $1,652,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of DNUT. Spartan Fund Management Inc. boosted its holdings in shares of Krispy Kreme by 150.0% during the 4th quarter. Spartan Fund Management Inc. now owns 5,000 shares of the company’s stock worth $50,000 after buying an additional 3,000 shares during the period. Ameriprise Financial Inc. acquired a new stake in Krispy Kreme during the fourth quarter worth approximately $128,000. KLP Kapitalforvaltning AS bought a new stake in shares of Krispy Kreme during the fourth quarter worth approximately $193,000. XTX Topco Ltd acquired a new position in shares of Krispy Kreme in the fourth quarter valued at approximately $199,000. Finally, Ancora Advisors LLC bought a new position in shares of Krispy Kreme during the fourth quarter worth approximately $199,000. 81.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Krispy Kreme

In related news, major shareholder Indulgence B.V. Jab sold 694,445 shares of the company’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 transaction of $3,000,002.40. Following the completion of the transaction, the insider now directly owns 74,190,990 shares in the company, valued at $320,505,076.80. This represents a 0.93% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 3.00% of the stock is owned by insiders.

Krispy Kreme Price Performance

DNUT stock opened at $2.92 on Monday. The company’s 50-day moving average price is $3.72 and its two-hundred day moving average price is $6.79. The firm has a market cap of $498.32 million, a P/E ratio of 17.18, a P/E/G ratio of 3.24 and a beta of 1.30. The company has a quick ratio of 0.28, a current ratio of 0.35 and a debt-to-equity ratio of 0.67. Krispy Kreme, Inc. has a 12 month low of $2.58 and a 12 month high of $12.68.

Krispy Kreme (NASDAQ:DNUT) last announced 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). Krispy Kreme had a net margin of 1.64% and a return on equity of 0.53%. The business had revenue of $375.18 million for the quarter, compared to analysts’ expectations of $383.97 million. During the same period last year, the firm posted $0.07 earnings per share. The firm’s quarterly revenue was down 15.2% compared to the same quarter last year. On average, analysts anticipate that Krispy Kreme, Inc. will post 0.07 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Citigroup reduced their price target on Krispy Kreme from $4.75 to $3.60 and set a “neutral” rating for the company in a research note on Friday, May 9th. Truist Financial cut shares of Krispy Kreme from a “buy” rating to a “hold” rating in a research report on Thursday, May 8th. Piper Sandler lowered their price target on shares of Krispy Kreme from $18.00 to $12.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 26th. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Krispy Kreme in a report on Wednesday, May 14th. Finally, 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 research report on Wednesday, February 26th. One research analyst has rated the stock with a sell rating, four have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $10.58.

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.