SG Americas Securities LLC Trims Stock Position in Krispy Kreme, Inc. (NASDAQ:DNUT)

SG Americas Securities LLC cut its position in shares of Krispy Kreme, Inc. (NASDAQ:DNUT) by 60.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,036 shares of the company’s stock after selling 35,192 shares during the period. SG Americas Securities LLC’s holdings in Krispy Kreme were worth $247,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Bamco Inc. NY raised its stake in Krispy Kreme by 2.6% during the first quarter. Bamco Inc. NY now owns 9,734,467 shares of the company’s stock worth $148,305,000 after purchasing an additional 246,600 shares during the period. Vanguard Group Inc. raised its stake in Krispy Kreme by 0.8% during the first quarter. Vanguard Group Inc. now owns 8,548,548 shares of the company’s stock worth $130,237,000 after purchasing an additional 67,130 shares during the period. Dimensional Fund Advisors LP raised its stake in Krispy Kreme by 38.1% during the second quarter. Dimensional Fund Advisors LP now owns 3,779,882 shares of the company’s stock worth $40,670,000 after purchasing an additional 1,042,345 shares during the period. Millennium Management LLC raised its stake in Krispy Kreme by 136.7% during the second quarter. Millennium Management LLC now owns 3,500,855 shares of the company’s stock worth $37,669,000 after purchasing an additional 2,021,974 shares during the period. Finally, Samlyn Capital LLC raised its stake in Krispy Kreme by 120.5% during the second quarter. Samlyn Capital LLC now owns 2,230,176 shares of the company’s stock worth $23,997,000 after purchasing an additional 1,218,699 shares during the period. 81.72% of the stock is owned by hedge funds and other institutional investors.

Krispy Kreme Trading Down 1.0 %

Shares of DNUT stock opened at $11.47 on Tuesday. 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 stock has a market capitalization of $1.93 billion, a P/E ratio of -42.48, a price-to-earnings-growth ratio of 3.15 and a beta of 1.41. The company has a 50 day moving average price of $11.19 and a 200 day moving average price of $11.47. Krispy Kreme, Inc. has a fifty-two week low of $9.18 and a fifty-two week high of $17.84.

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

Krispy Kreme Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 6th. Investors of record on Wednesday, October 23rd will be issued a $0.035 dividend. This represents a $0.14 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date is Wednesday, October 23rd. Krispy Kreme’s dividend payout ratio (DPR) is currently -51.85%.

Wall Street Analyst Weigh In

DNUT has been the topic of a number of research analyst reports. Bank of America reduced their price target on shares of Krispy Kreme from $19.00 to $16.00 and set a “buy” rating on the stock in a research note on Wednesday, July 17th. Evercore ISI reissued an “in-line” rating and issued a $13.00 price target on shares of Krispy Kreme in a research note on Tuesday, August 27th. Hsbc Global Res raised shares of Krispy Kreme from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 23rd. Finally, HSBC raised shares of Krispy Kreme from a “hold” rating to a “buy” rating and set a $14.00 price target on the stock in a research note on Tuesday, July 23rd. Three equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Krispy Kreme currently has a consensus rating of “Moderate Buy” and an average price target of $15.88.

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.