IFP Advisors Inc Decreases Stake in Krispy Kreme, Inc. (NASDAQ:DNUT)

IFP Advisors Inc decreased its position in Krispy Kreme, Inc. (NASDAQ:DNUT) by 13.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 12,342 shares of the company’s stock after selling 1,992 shares during the period. IFP Advisors Inc’s holdings in Krispy Kreme were worth $123,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Landscape Capital Management L.L.C. increased its stake in Krispy Kreme by 86.1% in the 3rd quarter. Landscape Capital Management L.L.C. now owns 216,559 shares of the company’s stock valued at $2,326,000 after buying an additional 100,163 shares during the last quarter. Paloma Partners Management Co increased its stake 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. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Krispy Kreme during the 3rd quarter worth approximately $810,000. Holocene Advisors LP purchased a new stake in shares of Krispy Kreme during the 3rd quarter worth approximately $1,716,000. Finally, Barclays PLC increased its stake in shares of Krispy Kreme by 450.6% during the 3rd quarter. Barclays PLC now owns 169,209 shares of the company’s stock worth $1,816,000 after purchasing an additional 138,475 shares during the last quarter. Hedge funds and other institutional investors own 81.72% of the company’s stock.

Krispy Kreme Stock Down 1.1 %

Shares of NASDAQ:DNUT opened at $6.04 on Wednesday. The firm has a fifty day moving average price of $8.76 and a two-hundred day moving average price of $10.25. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.35 and a quick ratio of 0.28. Krispy Kreme, Inc. has a one year low of $5.85 and a one year high of $17.84. The company has a market cap of $1.03 billion, a price-to-earnings ratio of 35.53, a PEG ratio of 3.24 and a beta of 1.34.

Krispy Kreme (NASDAQ:DNUT) last announced its quarterly earnings results on Tuesday, February 25th. The company reported $0.01 EPS for the quarter, missing the consensus estimate 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 the consensus estimate of $413.18 million. During the same period in the previous year, the business earned $0.09 earnings per share. The firm’s revenue for the quarter was down 10.4% on a year-over-year basis. Analysts anticipate that Krispy Kreme, Inc. will post 0.07 EPS for the current fiscal year.

Krispy Kreme Dividend Announcement

The company also recently declared 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 annualized dividend and a yield of 2.32%. The ex-dividend date is Wednesday, April 23rd. Krispy Kreme’s payout ratio is 700.00%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on DNUT shares. Piper Sandler decreased their price target on shares of Krispy Kreme from $18.00 to $12.00 and set an “overweight” rating for the company in a research note on Wednesday, February 26th. JPMorgan Chase & Co. reduced their price objective on shares of Krispy Kreme from $14.00 to $13.00 and set an “overweight” rating for the company in a research note on Tuesday, November 12th. Truist Financial reiterated a “buy” rating and issued a $12.00 price objective (down from $15.00) on shares of Krispy Kreme in a research note on Wednesday, February 26th. Finally, Morgan Stanley lowered shares of Krispy Kreme from an “equal weight” rating to an “underweight” rating and reduced their price objective for the company from $12.00 to $6.00 in a research note on Wednesday, February 26th. One research analyst has rated the stock with a sell rating, two have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Krispy Kreme has an average rating of “Moderate Buy” and a consensus target price of $13.13.

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.