Vanguard Group Inc. Purchases 233,234 Shares of Krispy Kreme, Inc. $DNUT

Vanguard Group Inc. lifted its position in Krispy Kreme, Inc. (NASDAQ:DNUT) by 2.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,867,100 shares of the company’s stock after buying an additional 233,234 shares during the period. Vanguard Group Inc. owned approximately 5.20% of Krispy Kreme worth $43,626,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the company. GAMMA Investing LLC boosted its position in Krispy Kreme by 1,440.9% in the first quarter. GAMMA Investing LLC now owns 9,338 shares of the company’s stock worth $46,000 after purchasing an additional 8,732 shares during the last quarter. Malaga Cove Capital LLC purchased a new stake in shares of Krispy Kreme during the 1st quarter valued at about $51,000. Teacher Retirement System of Texas bought a new position in shares of Krispy Kreme in the 1st quarter worth approximately $61,000. Corton Capital Inc. bought a new position in shares of Krispy Kreme in the 1st quarter worth approximately $109,000. Finally, Ameriprise Financial Inc. purchased a new position in shares of Krispy Kreme in the fourth quarter worth approximately $128,000. Institutional investors own 81.72% of the company’s stock.

Krispy Kreme Stock Performance

NASDAQ:DNUT opened at $3.69 on Tuesday. The stock has a 50-day moving average price of $3.33 and a 200 day moving average price of $4.30. The stock has a market capitalization of $631.73 million, a P/E ratio of -1.39 and a beta of 1.32. Krispy Kreme, Inc. has a 12-month low of $2.50 and a 12-month high of $12.68. The company has a current ratio of 0.34, a quick ratio of 0.26 and a debt-to-equity ratio of 1.24.

Krispy Kreme (NASDAQ:DNUT) last posted its quarterly earnings results on Thursday, August 7th. The company reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.10). Krispy Kreme had a negative return on equity of 5.55% and a negative net margin of 29.33%.The business had revenue of $379.77 million during the quarter, compared to analysts’ expectations of $382.25 million. During the same period in the prior year, the firm posted $0.05 earnings per share. The firm’s revenue for the quarter was down 13.5% on a year-over-year basis. Equities research analysts forecast that Krispy Kreme, Inc. will post 0.07 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have commented on DNUT. Citigroup reduced their target price on shares of Krispy Kreme from $4.75 to $3.60 and set a “neutral” rating for the company in a report on Friday, May 9th. JPMorgan Chase & Co. restated a “neutral” rating on shares of Krispy Kreme in a research note on Wednesday, May 14th. BNP Paribas Exane cut Krispy Kreme from an “outperform” rating to a “neutral” rating and set a $3.50 target price on the stock. in a report on Monday, July 21st. BNP Paribas upgraded Krispy Kreme to a “hold” rating in a research report on Monday, July 21st. Finally, Bank of America cut their price target on Krispy Kreme from $7.00 to $6.00 and set a “buy” rating for the company in a report on Friday, July 18th. Three research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $7.58.

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.