Edgestream Partners L.P. Increases Stock Position in Krispy Kreme, Inc. (NASDAQ:DNUT)

Edgestream Partners L.P. lifted its holdings in Krispy Kreme, Inc. (NASDAQ:DNUT) by 158.9% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 130,995 shares of the company’s stock after purchasing an additional 80,394 shares during the period. Edgestream Partners L.P. owned about 0.08% of Krispy Kreme worth $1,301,000 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 company. Bank of New York Mellon Corp lifted its position in Krispy Kreme by 20.8% during the fourth quarter. Bank of New York Mellon Corp now owns 546,792 shares of the company’s stock valued at $5,430,000 after acquiring an additional 94,000 shares during the last quarter. Handelsbanken Fonder AB lifted its position in Krispy Kreme by 4.4% during the fourth quarter. Handelsbanken Fonder AB now owns 30,800 shares of the company’s stock valued at $306,000 after acquiring an additional 1,300 shares during the last quarter. Peregrine Capital Management LLC purchased a new stake in Krispy Kreme during the fourth quarter valued at approximately $5,897,000. Rhumbline Advisers lifted its position in Krispy Kreme by 2.2% during the fourth quarter. Rhumbline Advisers now owns 119,083 shares of the company’s stock valued at $1,182,000 after acquiring an additional 2,532 shares during the last quarter. Finally, SG Americas Securities LLC lifted its position in Krispy Kreme by 264.1% during the fourth quarter. SG Americas Securities LLC now owns 83,869 shares of the company’s stock valued at $833,000 after acquiring an additional 60,833 shares during the last quarter. Hedge funds and other institutional investors own 81.72% of the company’s stock.

Wall Street Analyst Weigh In

DNUT has been the subject of a number of analyst reports. Morgan Stanley cut shares of Krispy Kreme from an “equal weight” rating to an “underweight” rating and decreased their target price for the company from $12.00 to $6.00 in a research report on Wednesday, February 26th. Piper Sandler decreased their target price on shares of Krispy Kreme from $18.00 to $12.00 and set an “overweight” rating for the company in a research report on Wednesday, February 26th. JPMorgan Chase & Co. cut their price target on shares of Krispy Kreme from $14.00 to $13.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 12th. Finally, Truist Financial restated a “buy” rating and set a $12.00 price target (down previously from $15.00) on shares of Krispy Kreme in a research note on Wednesday, February 26th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $13.13.

Krispy Kreme Trading Down 5.1 %

Shares of Krispy Kreme stock opened at $5.90 on Tuesday. The firm has a market capitalization of $1.00 billion, a price-to-earnings ratio of 34.71, a PEG ratio of 3.24 and a beta of 1.40. Krispy Kreme, Inc. has a 12-month low of $5.77 and a 12-month high of $17.84. The firm’s 50 day simple moving average is $8.47 and its two-hundred day simple moving average is $10.11. The company has a current ratio of 0.35, a quick ratio of 0.28 and a debt-to-equity ratio of 0.67.

Krispy Kreme (NASDAQ:DNUT) last released its quarterly earnings data 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 business had revenue of $404.00 million during the quarter, compared to analyst estimates of $413.18 million. Krispy Kreme had a return on equity of 0.53% and a net margin of 1.64%. The firm’s revenue was down 10.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.09 EPS. Analysts predict that Krispy Kreme, Inc. will post 0.07 EPS for the current year.

Krispy Kreme Announces Dividend

The firm 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 $0.035 dividend. The ex-dividend date of this dividend is Wednesday, April 23rd. This represents a $0.14 dividend on an annualized basis and a dividend yield of 2.37%. Krispy Kreme’s payout ratio is currently 700.00%.

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.