2 weeks Ago By Defense World Staff
Wells Fargo & Company MN lifted its position in Krispy Kreme, Inc. ( NASDAQ:DNUT – Free Report ) by 100.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC.
The firm owned 229,352 shares of the company’s stock after purchasing an additional 115,177 shares during the quarter. Wells Fargo & Company MN owned about 0.13% of Krispy Kreme worth $2,277,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Geode Capital Management LLC increased its stake in Krispy Kreme by 0.5% in the 4th quarter.
Geode Capital Management LLC now owns 2,110,288 shares of the company’s stock worth $20,960,000 after acquiring an additional 10,643 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in shares of Krispy Kreme during the fourth quarter worth about $10,591,000. KLP Kapitalforvaltning AS bought a new position in shares of Krispy Kreme in the fourth quarter worth approximately $193,000.
Sei Investments Co. raised its stake in Krispy Kreme by 491.7% in the fourth quarter.
Sei Investments Co. now owns 121,297 shares of the company’s stock valued at $1,204,000 after purchasing an additional 100,796 shares in the last quarter. Finally, Quantbot Technologies LP bought a new stake in Krispy Kreme during the fourth quarter valued at approximately $647,000.
Hedge funds and other institutional investors own 81.72% of the company’s stock. Analyst Ratings Changes A number of equities analysts have recently commented on DNUT shares.
Piper Sandler decreased their price target on shares of Krispy Kreme from $18.00 to $12.00 and set an “overweight” rating on the stock in a report on Wednesday, February 26th.
Morgan Stanley cut Krispy Kreme from an “equal weight” rating to an “underweight” rating and reduced their target price for the company from $12.00 to $6.00 in a research note on Wednesday, February 26th.
Finally, Truist Financial dropped their price target on Krispy Kreme from $12.00 to $7.00 and set a “buy” rating for the company in a research note on Thursday.
One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $11.57.
Insider Transactions at Krispy Kreme In related news, major shareholder Indulgence B.V. Jab sold 694,445 shares of the firm’s stock in a transaction dated Wednesday, April 23rd.
The stock was sold at an average price of $4.32, for a total value of $3,000,002.40.
Following the sale, the insider now directly owns 74,190,990 shares of the company’s stock, valued at $320,505,076.80. This trade represents a 0.
93 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link . Company insiders own 5.
30% of the company’s stock. Krispy Kreme Price Performance Shares of NASDAQ:DNUT opened at $4.33 on Friday.
The company has a quick ratio of 0.28, a current ratio of 0.35 and a debt-to-equity ratio of 0.
67. The stock has a market cap of $737.40 million, a PE ratio of 25.
47, a PEG ratio of 3.24 and a beta of 1.47.
The company’s fifty day moving average is $5.41 and its 200 day moving average is $8.52.
Krispy Kreme, Inc. has a 52 week low of $3.91 and a 52 week high of $13.
25. Krispy Kreme ( NASDAQ:DNUT – Get Free Report ) last released its earnings results on Tuesday, February 25th. The company reported $0.
01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.09).
The company had revenue of $404.00 million during the quarter, compared to the consensus estimate of $413.18 million.
Krispy Kreme had a net margin of 1.64% and a return on equity of 0.53%.
The company’s revenue was down 10.4% on a year-over-year basis. During the same period last year, the firm posted $0.
09 EPS. Research analysts anticipate that Krispy Kreme, Inc. will post 0.
07 earnings per share for the current year. Krispy Kreme Dividend Announcement The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 7th. Stockholders of record on Wednesday, April 23rd will be paid a dividend of $0.
035 per share. This represents a $0.14 dividend on an annualized basis and a dividend yield of 3.
23%. The ex-dividend date of this dividend is Wednesday, April 23rd. Krispy Kreme’s dividend payout ratio (DPR) is presently 700.
00%. About Krispy Kreme ( Free Report ) 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.
Read More Five stocks we like better than Krispy Kreme Stock Dividend Cuts Happen Are You Ready? Short Sellers Gave Up on These 3 Names Recently REIT Stocks – Best REIT Stocks to Add to Your Portfolio Today 3 Boring Stocks Outperforming the Market This Year How to Invest in Blue Chip Stocks If You Wanted To Buy AbbVie and Didn’t, There’s Still Time To Buy Receive News & Ratings for Krispy Kreme Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Krispy Kreme and related companies with MarketBeat.com's FREE daily email newsletter ..
