Signaturefd LLC Cuts Holdings in Krispy Kreme, Inc. (NASDAQ:DNUT)

Signaturefd LLC lowered its position in shares of Krispy Kreme, Inc. (NASDAQ:DNUT) by 42.5% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 66,454 shares of the company’s stock after selling 49,046 shares during the period. Signaturefd LLC’s holdings in Krispy Kreme were worth $1,003,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Amalgamated Bank raised its position in shares of Krispy Kreme by 9.6% in the 3rd quarter. Amalgamated Bank now owns 10,248 shares of the company’s stock valued at $128,000 after buying an additional 895 shares in the last quarter. Principal Financial Group Inc. purchased a new position in shares of Krispy Kreme during the third quarter valued at approximately $147,000. Connable Office Inc. boosted its holdings in Krispy Kreme by 25.6% in the third quarter. Connable Office Inc. now owns 13,051 shares of the company’s stock worth $163,000 after purchasing an additional 2,661 shares during the last quarter. Commonwealth Equity Services LLC purchased a new position in Krispy Kreme in the 3rd quarter worth about $182,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Krispy Kreme by 15.8% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,764 shares of the company’s stock worth $184,000 after buying an additional 2,017 shares in the last quarter. Institutional investors own 81.72% of the company’s stock.

Analysts Set New Price Targets

DNUT has been the subject of several recent research reports. JPMorgan Chase & Co. reduced their price target on Krispy Kreme from $14.00 to $13.00 and set a “neutral” rating for the company in a research report on Tuesday, March 19th. Piper Sandler upgraded shares of Krispy Kreme from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $14.00 to $20.00 in a research note on Friday, April 5th. Bank of America boosted their price objective on shares of Krispy Kreme from $16.00 to $19.00 and gave the stock a “buy” rating in a research report on Monday, April 8th. Capital One Financial began coverage on Krispy Kreme in a research note on Monday, January 22nd. They set an “equal weight” rating and a $16.00 target price on the stock. Finally, Citigroup raised their target price on Krispy Kreme from $14.00 to $19.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 27th. Six analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Krispy Kreme currently has an average rating of “Hold” and an average target price of $16.31.

Krispy Kreme Stock Down 1.8 %

DNUT opened at $13.40 on Tuesday. The company has a market capitalization of $2.26 billion, a PE ratio of -60.91, a price-to-earnings-growth ratio of 2.70 and a beta of 1.47. The firm has a 50-day simple moving average of $13.46 and a two-hundred day simple moving average of $13.47. Krispy Kreme, Inc. has a 52 week low of $11.52 and a 52 week high of $17.84. The company has a quick ratio of 0.26, a current ratio of 0.33 and a debt-to-equity ratio of 0.66.

Krispy Kreme (NASDAQ:DNUT) last posted its earnings results on Tuesday, February 13th. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.04). The business had revenue of $450.90 million for the quarter, compared to analyst estimates of $438.95 million. Krispy Kreme had a negative net margin of 2.25% and a positive return on equity of 2.02%. The business’s revenue was up 11.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.11 EPS. Analysts forecast that Krispy Kreme, Inc. will post 0.16 earnings per share for the current fiscal year.

Krispy Kreme Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 8th. Investors of record on Wednesday, April 24th will be paid a $0.035 dividend. This represents a $0.14 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date of this dividend is Tuesday, April 23rd. Krispy Kreme’s dividend payout ratio is currently -63.64%.

Insider Buying and Selling at Krispy Kreme

In other Krispy Kreme news, Director Michael J. Tattersfield sold 100,000 shares of Krispy Kreme stock in a transaction on Monday, March 11th. The stock was sold at an average price of $12.82, for a total transaction of $1,282,000.00. Following the completion of the sale, the director now directly owns 2,936,940 shares of the company’s stock, valued at approximately $37,651,570.80. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 4.00% of the company’s stock.

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.