Tower Research Capital LLC TRC Has $219,000 Stock Holdings in Krispy Kreme, Inc. (NASDAQ:DNUT)

Tower Research Capital LLC TRC increased its stake in Krispy Kreme, Inc. (NASDAQ:DNUT – Get Rating) by 101.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,011 shares of the company’s stock after purchasing an additional 9,558 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Krispy Kreme were worth $219,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Brinker Capital Investments LLC lifted its position in shares of Krispy Kreme by 1.7% in the 3rd quarter. Brinker Capital Investments LLC now owns 41,699 shares of the company’s stock valued at $481,000 after acquiring an additional 699 shares in the last quarter. UBS Group AG boosted its holdings in shares of Krispy Kreme by 28.3% during the second quarter. UBS Group AG now owns 3,672 shares of the company’s stock worth $50,000 after purchasing an additional 810 shares during the period. First Republic Investment Management Inc. grew its position in Krispy Kreme by 8.1% during the third quarter. First Republic Investment Management Inc. now owns 12,844 shares of the company’s stock valued at $148,000 after purchasing an additional 965 shares in the last quarter. JPMorgan Chase & Co. lifted its position in Krispy Kreme by 2.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 50,095 shares of the company’s stock worth $681,000 after buying an additional 1,351 shares in the last quarter. Finally, US Bancorp DE purchased a new stake in shares of Krispy Kreme during the first quarter worth $30,000. 75.03% of the stock is owned by hedge funds and other institutional investors.

Krispy Kreme Price Performance

Krispy Kreme stock opened at $13.50 on Monday. Krispy Kreme, Inc. has a one year low of $10.21 and a one year high of $16.06. The stock’s fifty day moving average price is $12.01 and its two-hundred day moving average price is $12.79. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.34 and a quick ratio of 0.25. The firm has a market cap of $2.26 billion, a PE ratio of -135.00, a price-to-earnings-growth ratio of 2.51 and a beta of 1.67.

Krispy Kreme (NASDAQ:DNUT – Get Rating) last posted its earnings results on Wednesday, February 15th. The company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.01. Krispy Kreme had a negative net margin of 1.02% and a positive return on equity of 1.58%. The firm had revenue of $404.60 million for the quarter, compared to analysts’ expectations of $394.65 million. During the same quarter in the previous year, the firm posted $0.05 earnings per share. The company’s revenue was up 9.2% on a year-over-year basis. As a group, research analysts expect that Krispy Kreme, Inc. will post 0.21 EPS for the current fiscal year.

Krispy Kreme Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 10th. Shareholders of record on Wednesday, April 26th will be paid a $0.035 dividend. This represents a $0.14 annualized dividend and a yield of 1.04%. The ex-dividend date is Tuesday, April 25th. Krispy Kreme’s dividend payout ratio (DPR) is presently -140.00%.

Analyst Ratings Changes

A number of equities analysts have recently commented on DNUT shares. HSBC dropped their price objective on Krispy Kreme from $15.00 to $14.00 and set a “hold” rating on the stock in a research note on Tuesday, February 14th. CL King increased their price target on shares of Krispy Kreme from $17.00 to $18.00 in a research report on Wednesday, November 16th. Morgan Stanley downgraded shares of Krispy Kreme from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $15.00 to $13.00 in a research note on Tuesday, January 17th. Citigroup dropped their price target on Krispy Kreme from $15.00 to $14.00 and set a “neutral” rating for the company in a report on Thursday, February 16th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on shares of Krispy Kreme from $15.00 to $13.00 in a research report on Tuesday, December 20th.

Krispy Kreme Company Profile

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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.