Vident Advisory LLC Buys 6,444 Shares of Krispy Kreme, Inc. $DNUT

Vident Advisory LLC raised its stake in Krispy Kreme, Inc. (NASDAQ:DNUT) by 45.1% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 20,720 shares of the company’s stock after buying an additional 6,444 shares during the quarter. Vident Advisory LLC’s holdings in Krispy Kreme were worth $102,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the stock. Gamco Investors INC. ET AL lifted its stake in Krispy Kreme by 29.2% in the first quarter. Gamco Investors INC. ET AL now owns 31,000 shares of the company’s stock valued at $153,000 after buying an additional 7,000 shares in the last quarter. Gabelli Funds LLC lifted its stake in Krispy Kreme by 9.1% in the first quarter. Gabelli Funds LLC now owns 72,000 shares of the company’s stock valued at $354,000 after buying an additional 6,000 shares in the last quarter. FORA Capital LLC bought a new position in Krispy Kreme in the first quarter valued at approximately $103,000. Quantbot Technologies LP lifted its stake in Krispy Kreme by 365.7% in the first quarter. Quantbot Technologies LP now owns 303,290 shares of the company’s stock valued at $1,492,000 after buying an additional 238,171 shares in the last quarter. Finally, Nuveen LLC bought a new position in Krispy Kreme in the first quarter valued at approximately $1,126,000. Institutional investors own 81.72% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. BNP Paribas raised shares of Krispy Kreme to a “hold” rating in a research report on Monday, July 21st. Bank of America cut their price objective on shares of Krispy Kreme from $7.00 to $6.00 and set a “buy” rating on the stock in a research report on Friday, July 18th. Morgan Stanley cut their price objective on shares of Krispy Kreme from $3.00 to $2.50 and set an “overweight” rating on the stock in a research report on Monday, July 14th. JPMorgan Chase & Co. reissued an “underweight” rating on shares of Krispy Kreme in a research report on Wednesday, August 27th. Finally, Zacks Research lowered shares of Krispy Kreme from a “hold” rating to a “strong sell” rating in a research report on Monday, August 25th. Three analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $6.80.

Krispy Kreme Stock Performance

Shares of DNUT stock opened at $3.00 on Thursday. The stock has a market cap of $513.60 million, a P/E ratio of -1.13 and a beta of 1.32. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.34 and a quick ratio of 0.26. The company has a fifty day moving average price of $3.48 and a two-hundred day moving average price of $3.91. Krispy Kreme, Inc. has a one year low of $2.50 and a one year high of $12.68.

Krispy Kreme (NASDAQ:DNUT) last announced 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). The firm had revenue of $379.77 million during the quarter, compared to analyst estimates of $382.25 million. Krispy Kreme had a negative net margin of 29.33% and a negative return on equity of 5.55%. The business’s revenue was down 13.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.05 EPS. As a group, equities analysts predict that Krispy Kreme, Inc. will post 0.07 EPS 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.