Rhumbline Advisers Has $604,000 Stock Position in Krispy Kreme, Inc. $DNUT

Rhumbline Advisers grew its stake in shares of Krispy Kreme, Inc. (NASDAQ:DNUT) by 3.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 122,856 shares of the company’s stock after purchasing an additional 3,773 shares during the period. Rhumbline Advisers owned approximately 0.07% of Krispy Kreme worth $604,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in shares of Krispy Kreme by 2.7% during the first quarter. Vanguard Group Inc. now owns 8,867,100 shares of the company’s stock valued at $43,626,000 after purchasing an additional 233,234 shares during the period. Millennium Management LLC raised its holdings in shares of Krispy Kreme by 522.1% during the first quarter. Millennium Management LLC now owns 2,093,416 shares of the company’s stock valued at $10,300,000 after purchasing an additional 1,756,932 shares during the period. Federated Hermes Inc. acquired a new position in shares of Krispy Kreme during the first quarter valued at about $8,271,000. Clearline Capital LP acquired a new position in shares of Krispy Kreme during the first quarter valued at about $3,459,000. Finally, SG Americas Securities LLC raised its holdings in shares of Krispy Kreme by 275.1% during the first quarter. SG Americas Securities LLC now owns 314,630 shares of the company’s stock valued at $1,548,000 after purchasing an additional 230,761 shares during the period. Institutional investors and hedge funds own 81.72% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Krispy Kreme Stock Down 2.0%

DNUT opened at $3.35 on Tuesday. The company has a 50 day moving average of $3.48 and a 200 day moving average of $3.70. The company has a market cap of $573.52 million, a PE ratio of -1.26 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 released its quarterly earnings data on Thursday, August 7th. The company reported ($0.15) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.10). The business had revenue of $379.77 million during the quarter, compared to the consensus estimate of $382.25 million. Krispy Kreme had a negative return on equity of 5.55% and a negative net margin of 29.33%.The firm’s quarterly revenue was down 13.5% on a year-over-year basis. During the same period last year, the business posted $0.05 earnings per share. On average, sell-side analysts expect that Krispy Kreme, Inc. will post 0.07 EPS for the current year.

Krispy Kreme Company 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.