58,611 Shares in Krispy Kreme, Inc. (NASDAQ:DNUT) Bought by Brevan Howard Capital Management LP

Brevan Howard Capital Management LP purchased a new stake in Krispy Kreme, Inc. (NASDAQ:DNUT) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 58,611 shares of the company’s stock, valued at approximately $582,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Edgestream Partners L.P. lifted its stake in Krispy Kreme by 158.9% in the fourth quarter. Edgestream Partners L.P. now owns 130,995 shares of the company’s stock worth $1,301,000 after acquiring an additional 80,394 shares during the last quarter. Sei Investments Co. lifted its position in shares of Krispy Kreme by 491.7% during the 4th quarter. Sei Investments Co. now owns 121,297 shares of the company’s stock worth $1,204,000 after purchasing an additional 100,796 shares during the last quarter. Bamco Inc. NY grew its stake in shares of Krispy Kreme by 24.7% during the fourth quarter. Bamco Inc. NY now owns 13,069,717 shares of the company’s stock worth $129,782,000 after purchasing an additional 2,588,398 shares in the last quarter. Rhumbline Advisers raised its stake in Krispy Kreme by 2.2% in the fourth quarter. Rhumbline Advisers now owns 119,083 shares of the company’s stock valued at $1,182,000 after buying an additional 2,532 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its holdings in Krispy Kreme by 100.9% during the 4th quarter. Wells Fargo & Company MN now owns 229,352 shares of the company’s stock worth $2,277,000 after buying an additional 115,177 shares during the last quarter. 81.72% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Piper Sandler lowered their target price on shares of Krispy Kreme from $18.00 to $12.00 and set an “overweight” rating for the company in a report on Wednesday, February 26th. Morgan Stanley lowered Krispy Kreme from an “equal weight” rating to an “underweight” rating and dropped their price objective for the stock from $12.00 to $6.00 in a report on Wednesday, February 26th. Truist Financial downgraded Krispy Kreme from a “buy” rating to a “hold” rating in a report on Thursday. Finally, Citigroup reduced their price objective on Krispy Kreme from $4.75 to $3.60 and set a “neutral” rating for the company in a research note on Friday. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $10.58.

Insider Buying and Selling at Krispy Kreme

In related news, major shareholder Indulgence B.V. Jab sold 694,445 shares of the stock in a transaction on Wednesday, April 23rd. The stock was sold at an average price of $4.32, for a total transaction of $3,000,002.40. Following the sale, the insider now 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 5.30% of the company’s stock.

Krispy Kreme Stock Performance

NASDAQ:DNUT opened at $2.73 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. Krispy Kreme, Inc. has a fifty-two week low of $2.58 and a fifty-two week high of $13.25. The firm’s fifty day simple moving average is $4.72 and its 200-day simple moving average is $8.02. The stock has a market cap of $465.90 million, a PE ratio of 16.06, a price-to-earnings-growth ratio of 3.24 and a beta of 1.49.

Krispy Kreme (NASDAQ:DNUT) last released its quarterly earnings results on Thursday, May 8th. The company reported ($0.05) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.05). The business had revenue of $375.18 million for the quarter, compared to analysts’ expectations of $383.97 million. Krispy Kreme had a return on equity of 0.53% and a net margin of 1.64%. The company’s revenue was down 15.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.07 EPS. Analysts expect that Krispy Kreme, Inc. will post 0.07 earnings per share for the current fiscal year.

Krispy Kreme Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 7th. Shareholders of record on Wednesday, April 23rd were issued a dividend of $0.035 per share. The ex-dividend date of this dividend was Wednesday, April 23rd. This represents a $0.14 annualized dividend and a yield of 5.13%. Krispy Kreme’s dividend payout ratio (DPR) 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.