Rhumbline Advisers Buys 2,532 Shares of Krispy Kreme, Inc. (NASDAQ:DNUT)

Rhumbline Advisers increased its position in Krispy Kreme, Inc. (NASDAQ:DNUT) by 2.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 119,083 shares of the company’s stock after purchasing an additional 2,532 shares during the period. Rhumbline Advisers owned approximately 0.07% of Krispy Kreme worth $1,182,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. SG Americas Securities LLC raised its holdings in Krispy Kreme by 264.1% in the fourth quarter. SG Americas Securities LLC now owns 83,869 shares of the company’s stock worth $833,000 after buying an additional 60,833 shares during the last quarter. First Hawaiian Bank purchased a new position in Krispy Kreme in the 4th quarter worth approximately $111,000. Central Pacific Bank Trust Division bought a new position in Krispy Kreme in the 4th quarter valued at approximately $71,000. Franklin Resources Inc. boosted its stake in Krispy Kreme by 30.7% during the 3rd quarter. Franklin Resources Inc. now owns 14,467 shares of the company’s stock valued at $158,000 after purchasing an additional 3,395 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of Krispy Kreme by 2.3% in the 3rd quarter. Geode Capital Management LLC now owns 2,099,645 shares of the company’s stock worth $22,555,000 after purchasing an additional 48,203 shares in the last quarter. 81.72% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on DNUT. Truist Financial reaffirmed a “buy” rating and set a $12.00 price target (down from $15.00) on shares of Krispy Kreme in a report on Wednesday, February 26th. Piper Sandler dropped 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 shares of Krispy Kreme from an “equal weight” rating to an “underweight” rating and decreased their price objective for the company from $12.00 to $6.00 in a report on Wednesday, February 26th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Krispy Kreme from $14.00 to $13.00 and set an “overweight” rating on the stock in a report on Tuesday, November 12th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $13.13.

Krispy Kreme Stock Performance

DNUT opened at $5.96 on Thursday. Krispy Kreme, Inc. has a 12-month low of $5.85 and a 12-month high of $17.84. The company has a market cap of $1.01 billion, a price-to-earnings ratio of 35.06, a PEG ratio of 3.24 and a beta of 1.34. The company has a current ratio of 0.35, a quick ratio of 0.28 and a debt-to-equity ratio of 0.67. The company’s 50 day moving average is $8.69 and its 200 day moving average is $10.22.

Krispy Kreme (NASDAQ:DNUT) last issued its quarterly earnings results on Tuesday, February 25th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.09). The business had revenue of $404.00 million for the quarter, compared to analysts’ expectations of $413.18 million. Krispy Kreme had a return on equity of 0.53% and a net margin of 1.64%. The company’s revenue was down 10.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.09 EPS. On average, equities research analysts predict that Krispy Kreme, Inc. will post 0.07 EPS for the current year.

Krispy Kreme Announces Dividend

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 given a dividend of $0.035 per share. 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 2.35%. Krispy Kreme’s payout ratio is currently 700.00%.

Krispy Kreme 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.