Krispy Kreme, Inc. (NASDAQ:DNUT) Shares Purchased by SG Americas Securities LLC

SG Americas Securities LLC boosted its holdings in Krispy Kreme, Inc. (NASDAQ:DNUT) by 275.1% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 314,630 shares of the company’s stock after acquiring an additional 230,761 shares during the period. SG Americas Securities LLC owned about 0.18% of Krispy Kreme worth $1,548,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. BNP Paribas Financial Markets acquired a new stake in shares of Krispy Kreme during the 4th quarter worth approximately $152,305,000. Bamco Inc. NY lifted its stake in Krispy Kreme by 24.7% in the fourth quarter. Bamco Inc. NY now owns 13,069,717 shares of the company’s stock valued at $129,782,000 after buying an additional 2,588,398 shares during the last quarter. Cooper Creek Partners Management LLC boosted its holdings in shares of 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 in the 4th quarter worth about $10,591,000. Finally, Peregrine Capital Management LLC bought a new stake in Krispy Kreme in the 4th quarter valued at about $5,897,000. 81.72% of the stock is currently owned by institutional investors and hedge funds.

Krispy Kreme Stock Down 3.3%

DNUT opened at $2.64 on Monday. 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 company has a market capitalization of $450.54 million, a PE ratio of 15.53, a P/E/G ratio of 3.24 and a beta of 1.30. The stock’s fifty day moving average is $3.56 and its 200-day moving average is $6.51. Krispy Kreme, Inc. has a one year low of $2.58 and a one year high of $12.68.

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

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In other news, major shareholder Indulgence B.V. Jab sold 694,445 shares of the company’s stock in a transaction on Wednesday, April 23rd. The stock was sold at an average price of $4.32, for a total transaction of $3,000,002.40. Following the completion of the sale, the insider now directly owns 74,190,990 shares of the company’s stock, valued at $320,505,076.80. This represents a 0.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 3.00% of the stock is currently owned by insiders.

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.