Samlyn Capital LLC Boosts Stake in Krispy Kreme, Inc. (NASDAQ:DNUT)

Samlyn Capital LLC boosted its stake in shares of Krispy Kreme, Inc. (NASDAQ:DNUT) by 120.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,230,176 shares of the company’s stock after buying an additional 1,218,699 shares during the period. Samlyn Capital LLC owned 1.32% of Krispy Kreme worth $23,997,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Blue Trust Inc. purchased a new stake in shares of Krispy Kreme during the 2nd quarter valued at $68,000. Tidal Investments LLC purchased a new stake in shares of Krispy Kreme during the 1st quarter valued at $154,000. Victory Capital Management Inc. purchased a new stake in shares of Krispy Kreme during the 4th quarter valued at $157,000. Armistice Capital LLC purchased a new stake in shares of Krispy Kreme during the 4th quarter valued at $170,000. Finally, Sciencast Management LP purchased a new stake in shares of Krispy Kreme during the 1st quarter valued at $223,000. Hedge funds and other institutional investors own 81.72% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on DNUT. JPMorgan Chase & Co. began coverage on Krispy Kreme in a report on Monday, June 3rd. They set an “overweight” rating and a $14.00 price objective for the company. Evercore ISI reissued an “in-line” rating and issued a $13.00 target price on shares of Krispy Kreme in a research report on Tuesday, August 27th. Hsbc Global Res raised Krispy Kreme from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 23rd. Bank of America cut their price target on Krispy Kreme from $19.00 to $16.00 and set a “buy” rating on the stock in a research report on Wednesday, July 17th. Finally, Truist Financial raised Krispy Kreme from a “hold” rating to a “buy” rating and increased their price target for the stock from $13.00 to $15.00 in a research report on Monday, June 10th. Three analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $15.88.

Krispy Kreme Stock Down 3.2 %

Krispy Kreme stock opened at $11.64 on Tuesday. Krispy Kreme, Inc. has a fifty-two week low of $9.18 and a fifty-two week high of $17.84. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.26 and a current ratio of 0.34. The firm has a 50 day moving average price of $11.01 and a 200 day moving average price of $11.81. The company has a market capitalization of $1.96 billion, a PE ratio of -43.11, a price-to-earnings-growth ratio of 3.42 and a beta of 1.41.

Krispy Kreme (NASDAQ:DNUT) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.05 EPS for the quarter, hitting the consensus estimate of $0.05. The business had revenue of $438.80 million during the quarter, compared to the consensus estimate of $435.43 million. Krispy Kreme had a negative net margin of 2.98% and a positive return on equity of 1.12%. The company’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.04 earnings per share. Research analysts expect that Krispy Kreme, Inc. will post 0.13 earnings per share for the current year.

Krispy Kreme Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 6th. Stockholders of record on Wednesday, October 23rd will be given a dividend of $0.035 per share. The ex-dividend date of this dividend is Wednesday, October 23rd. This represents a $0.14 annualized dividend and a dividend yield of 1.20%. Krispy Kreme’s dividend payout ratio (DPR) is currently -51.85%.

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.