20,154 Shares in Krispy Kreme, Inc. (NASDAQ:DNUT) Acquired by SG Americas Securities LLC

SG Americas Securities LLC bought a new position in Krispy Kreme, Inc. (NASDAQ:DNUTGet Rating) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 20,154 shares of the company’s stock, valued at approximately $274,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Virginia Retirement Systems ET AL acquired a new position in shares of Krispy Kreme in the 1st quarter valued at approximately $248,000. Truist Financial Corp bought a new position in Krispy Kreme during the 1st quarter worth about $1,498,000. Envestnet Asset Management Inc. acquired a new stake in shares of Krispy Kreme in the 1st quarter valued at about $1,423,000. Commonwealth Equity Services LLC bought a new stake in shares of Krispy Kreme in the first quarter valued at about $155,000. Finally, Victory Capital Management Inc. acquired a new position in shares of Krispy Kreme during the first quarter worth about $148,000. Institutional investors and hedge funds own 76.51% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on DNUT. HSBC downgraded shares of Krispy Kreme from a “buy” rating to a “hold” rating and lowered their price objective for the company from $17.00 to $15.00 in a report on Friday, August 19th. Citigroup lowered their price target on Krispy Kreme from $15.00 to $14.00 and set a “neutral” rating on the stock in a research report on Friday, August 19th. The Goldman Sachs Group lowered their target price on shares of Krispy Kreme from $14.00 to $12.00 and set a “sell” rating on the stock in a report on Thursday, August 18th. Finally, Morgan Stanley decreased their price objective on shares of Krispy Kreme from $16.00 to $15.00 and set an “overweight” rating for the company in a research report on Tuesday, October 11th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $15.50.

Krispy Kreme Stock Up 0.1 %

Shares of DNUT opened at $14.51 on Wednesday. The company has a current ratio of 0.31, a quick ratio of 0.22 and a debt-to-equity ratio of 0.52. The stock has a market capitalization of $2.43 billion, a PE ratio of -483.67, a P/E/G ratio of 3.44 and a beta of 1.41. The firm’s 50 day moving average is $12.73 and its 200-day moving average is $13.42. Krispy Kreme, Inc. has a 12 month low of $11.25 and a 12 month high of $19.55.

Krispy Kreme (NASDAQ:DNUTGet Rating) last issued its quarterly earnings results on Wednesday, August 17th. The company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). The company had revenue of $375.25 million during the quarter, compared to the consensus estimate of $385.94 million. Krispy Kreme had a positive return on equity of 2.79% and a negative net margin of 0.28%. The firm’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.08 EPS. Equities research analysts forecast that Krispy Kreme, Inc. will post 0.2 EPS for the current year.

Krispy Kreme Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 9th. Stockholders of record on Wednesday, October 26th will be issued a $0.035 dividend. The ex-dividend date is Tuesday, October 25th. This represents a $0.14 dividend on an annualized basis and a dividend yield of 0.96%. Krispy Kreme’s dividend payout ratio (DPR) is currently -466.67%.

Insider Activity at Krispy Kreme

In related news, CEO Michael J. Tattersfield bought 30,000 shares of the business’s stock in a transaction on Thursday, August 18th. The shares were purchased at an average price of $12.61 per share, for a total transaction of $378,300.00. Following the completion of the transaction, the chief executive officer now directly owns 2,834,623 shares of the company’s stock, valued at approximately $35,744,596.03. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. 4.29% of the stock is currently owned by insiders.

Krispy Kreme Profile

(Get Rating)

Krispy Kreme, Inc, together with its subsidiaries, operates through an omni-channel business model to provide doughnut experiences and produce doughnuts. The company operates through three segments: U.S. and Canada, International, and Market Development. It also produces cookies, brownies, cookie cakes, ice cream, cookie-wiches, and cold milk, as well as doughnut mixes, other ingredients, and doughnut-making equipment.

See Also

Institutional Ownership by Quarter for Krispy Kreme (NASDAQ:DNUT)

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