Quantbot Technologies LP Lowers Holdings in Krispy Kreme, Inc. (NASDAQ:DNUT)

Quantbot Technologies LP decreased its holdings in shares of Krispy Kreme, Inc. (NASDAQ:DNUTFree Report) by 62.6% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 19,554 shares of the company’s stock after selling 32,697 shares during the quarter. Quantbot Technologies LP’s holdings in Krispy Kreme were worth $244,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. Banco Santander S.A. grew its stake in shares of Krispy Kreme by 158.4% during the second quarter. Banco Santander S.A. now owns 6,798,212 shares of the company’s stock valued at $100,138,000 after buying an additional 4,167,588 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Krispy Kreme by 11.9% in the third quarter. Vanguard Group Inc. now owns 6,329,508 shares of the company’s stock valued at $72,979,000 after purchasing an additional 675,436 shares during the period. BlackRock Inc. boosted its holdings in shares of Krispy Kreme by 14.7% in the second quarter. BlackRock Inc. now owns 5,527,070 shares of the company’s stock valued at $81,414,000 after purchasing an additional 708,137 shares during the period. State Street Corp boosted its holdings in shares of Krispy Kreme by 6.2% in the second quarter. State Street Corp now owns 1,660,624 shares of the company’s stock valued at $24,461,000 after purchasing an additional 96,275 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in shares of Krispy Kreme by 13.1% in the second quarter. Geode Capital Management LLC now owns 1,657,881 shares of the company’s stock valued at $24,421,000 after purchasing an additional 192,399 shares during the period. Institutional investors own 78.07% of the company’s stock.

Krispy Kreme Stock Up 0.3 %

Krispy Kreme stock opened at $13.56 on Friday. The business has a fifty day moving average of $13.99 and a two-hundred day moving average of $13.47. The company has a quick ratio of 0.24, a current ratio of 0.30 and a debt-to-equity ratio of 0.66. The firm has a market cap of $2.29 billion, a P/E ratio of -52.15, a P/E/G ratio of 2.36 and a beta of 1.48. Krispy Kreme, Inc. has a twelve month low of $11.52 and a twelve month high of $16.22.

Krispy Kreme (NASDAQ:DNUTGet Free Report) last issued its quarterly earnings data on Thursday, November 9th. The company reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.03 by ($0.05). Krispy Kreme had a negative net margin of 2.64% and a positive return on equity of 1.26%. The business had revenue of $407.37 million for the quarter, compared to analysts’ expectations of $411.68 million. On average, analysts forecast that Krispy Kreme, Inc. will post 0.2 earnings per share for the current fiscal year.

Krispy Kreme Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 7th. Stockholders of record on Wednesday, January 24th were issued a dividend of $0.035 per share. The ex-dividend date was Tuesday, January 23rd. This represents a $0.14 annualized dividend and a dividend yield of 1.03%. Krispy Kreme’s dividend payout ratio is presently -53.85%.

Analyst Upgrades and Downgrades

DNUT has been the subject of a number of research reports. Capital One Financial initiated coverage on Krispy Kreme in a report on Monday, January 22nd. They issued an “equal weight” rating and a $16.00 price target for the company. JPMorgan Chase & Co. lowered Krispy Kreme from an “overweight” rating to a “neutral” rating and set a $13.00 price target for the company. in a report on Monday, November 20th. Finally, Truist Financial lowered Krispy Kreme from a “buy” rating to a “hold” rating and lowered their price target for the company from $20.00 to $13.00 in a report on Monday, October 30th. Seven investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $15.61.

Read Our Latest Stock Analysis on Krispy Kreme

About Krispy Kreme

(Free Report)

Krispy Kreme, Inc, together with its subsidiaries, produces doughnuts in the United States, the United Kingdom, Australia, New Zealand, Mexico, and internationally. The company operates through three segments: U.S. and Canada, 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, and ecommerce, as well as through its branded sweet treat line comprising Krispy Kreme branded sweet treats.

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

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