Quantbot Technologies LP Invests $647,000 in Krispy Kreme, Inc. (NASDAQ:DNUT)

Quantbot Technologies LP purchased a new stake in shares of Krispy Kreme, Inc. (NASDAQ:DNUT) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 65,119 shares of the company’s stock, valued at approximately $647,000.

Other institutional investors have also added to or reduced their stakes in the company. Stifel Financial Corp raised its holdings in shares of Krispy Kreme by 2.5% during the 3rd quarter. Stifel Financial Corp now owns 38,658 shares of the company’s stock worth $415,000 after acquiring an additional 958 shares in the last quarter. Handelsbanken Fonder AB increased its position in Krispy Kreme by 4.4% in the fourth quarter. Handelsbanken Fonder AB now owns 30,800 shares of the company’s stock worth $306,000 after purchasing an additional 1,300 shares during the last quarter. Swiss National Bank raised its stake in Krispy Kreme by 1.3% during the fourth quarter. Swiss National Bank now owns 166,800 shares of the company’s stock valued at $1,656,000 after purchasing an additional 2,100 shares in the last quarter. 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 purchasing an additional 2,532 shares during the last quarter. Finally, Franklin Resources Inc. grew its stake in shares of Krispy Kreme by 30.7% in the 3rd quarter. Franklin Resources Inc. now owns 14,467 shares of the company’s stock worth $158,000 after buying an additional 3,395 shares in the last quarter. Hedge funds and other institutional investors own 81.72% of the company’s stock.

Krispy Kreme Stock Up 1.3 %

Krispy Kreme stock opened at $5.49 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 firm has a market cap of $934.95 million, a P/E ratio of 32.29, a P/E/G ratio of 3.24 and a beta of 1.40. The business has a fifty day moving average of $7.45 and a two-hundred day moving average of $9.61. Krispy Kreme, Inc. has a twelve month low of $5.31 and a twelve month high of $16.05.

Krispy Kreme (NASDAQ:DNUT) last issued 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). Krispy Kreme had a return on equity of 0.53% and a net margin of 1.64%. The company had revenue of $404.00 million for the quarter, compared to analysts’ expectations of $413.18 million. During the same quarter last year, the company earned $0.09 earnings per share. The company’s revenue for the quarter was down 10.4% compared to the same quarter last year. On average, analysts forecast that Krispy Kreme, Inc. will post 0.07 earnings per share for the current fiscal year.

Krispy Kreme Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 7th. Stockholders of record on Wednesday, April 23rd will be given a $0.035 dividend. This represents a $0.14 dividend on an annualized basis and a dividend yield of 2.55%. The ex-dividend date of this dividend is Wednesday, April 23rd. Krispy Kreme’s payout ratio is currently 700.00%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Morgan Stanley downgraded shares of Krispy Kreme from an “equal weight” rating to an “underweight” rating and lowered their price target for the company from $12.00 to $6.00 in a report on Wednesday, February 26th. Truist Financial reissued a “buy” rating and issued a $12.00 price objective (down from $15.00) on shares of Krispy Kreme in a research report on Wednesday, February 26th. Finally, Piper Sandler cut 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. One equities research analyst has rated the stock with a sell rating, one has given 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, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $12.29.

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.