Swiss National Bank Acquires 2,100 Shares of Krispy Kreme, Inc. (NASDAQ:DNUT)

Swiss National Bank raised its holdings in Krispy Kreme, Inc. (NASDAQ:DNUT) by 1.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 166,800 shares of the company’s stock after buying an additional 2,100 shares during the period. Swiss National Bank owned 0.10% of Krispy Kreme worth $1,656,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DNUT. Edgestream Partners L.P. increased its position in shares of Krispy Kreme by 158.9% in the fourth quarter. Edgestream Partners L.P. now owns 130,995 shares of the company’s stock valued at $1,301,000 after acquiring an additional 80,394 shares during the last quarter. Paloma Partners Management Co increased its position in shares of Krispy Kreme by 6,993.4% during the 3rd quarter. Paloma Partners Management Co now owns 872,068 shares of the company’s stock worth $9,366,000 after purchasing an additional 859,774 shares during the last quarter. Rhumbline Advisers raised its stake in shares of Krispy Kreme by 2.2% during the 4th quarter. Rhumbline Advisers now owns 119,083 shares of the company’s stock worth $1,182,000 after purchasing an additional 2,532 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Krispy Kreme in the 3rd quarter valued at approximately $810,000. Finally, Holocene Advisors LP bought a new position in shares of Krispy Kreme in the third quarter valued at $1,716,000. 81.72% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have commented on DNUT. Morgan Stanley cut shares of Krispy Kreme from an “equal weight” rating to an “underweight” rating and cut their price target for the company from $12.00 to $6.00 in a research note on Wednesday, February 26th. Piper Sandler reduced their price target on Krispy Kreme from $18.00 to $12.00 and set an “overweight” rating for the company in a report on Wednesday, February 26th. Finally, Truist Financial restated a “buy” rating and issued a $12.00 price objective (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, one has given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Krispy Kreme currently has a consensus rating of “Moderate Buy” and a consensus price target of $12.29.

Krispy Kreme Price Performance

Krispy Kreme stock opened at $5.00 on Friday. The company has a market capitalization of $851.50 million, a price-to-earnings ratio of 29.41, a PEG ratio of 3.24 and a beta of 1.40. 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, Inc. has a 12 month low of $4.96 and a 12 month high of $16.05. The stock’s 50 day moving average is $7.38 and its 200-day moving average is $9.56.

Krispy Kreme (NASDAQ:DNUT) last issued its quarterly earnings data on Tuesday, February 25th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.09). Krispy Kreme had a net margin of 1.64% and a return on equity of 0.53%. The firm had revenue of $404.00 million during the quarter, compared to analyst estimates of $413.18 million. During the same period in the prior year, the company earned $0.09 earnings per share. The business’s quarterly revenue was down 10.4% compared to the same quarter last year. Equities research analysts expect 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. Shareholders of record on Wednesday, April 23rd will be issued a $0.035 dividend. This represents a $0.14 dividend on an annualized basis and a yield of 2.80%. The ex-dividend date is Wednesday, April 23rd. Krispy Kreme’s dividend 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.