Charles Schwab Investment Management Inc. Purchases 7,745 Shares of Krispy Kreme, Inc. (NASDAQ:DNUT)

Charles Schwab Investment Management Inc. lifted its holdings in Krispy Kreme, Inc. (NASDAQ:DNUTFree Report) by 1.2% during the 4th quarter, Holdings reports. The firm owned 665,957 shares of the company’s stock after buying an additional 7,745 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Krispy Kreme were worth $10,049,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in DNUT. Natixis Advisors L.P. boosted its stake in shares of Krispy Kreme by 4.9% during the 4th quarter. Natixis Advisors L.P. now owns 25,248 shares of the company’s stock worth $380,000 after acquiring an additional 1,181 shares during the last quarter. Victory Capital Management Inc. purchased a new stake in Krispy Kreme in the fourth quarter worth about $157,000. Truist Financial Corp lifted its position in shares of Krispy Kreme by 3.0% during the 4th quarter. Truist Financial Corp now owns 92,719 shares of the company’s stock valued at $1,399,000 after buying an additional 2,701 shares in the last quarter. Handelsbanken Fonder AB bought a new position in shares of Krispy Kreme during the 4th quarter valued at approximately $225,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Krispy Kreme by 44.4% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 21,317 shares of the company’s stock valued at $322,000 after acquiring an additional 6,553 shares during the period. Hedge funds and other institutional investors own 81.72% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on DNUT. Bank of America raised their price objective on Krispy Kreme from $16.00 to $19.00 and gave the company a “buy” rating in a research report on Monday, April 8th. Citigroup upped their price objective on Krispy Kreme from $14.00 to $19.00 and gave the stock a “neutral” rating in a report on Wednesday, March 27th. Piper Sandler raised shares of Krispy Kreme from a “neutral” rating to an “overweight” rating and raised their target price for the company from $14.00 to $20.00 in a report on Friday, April 5th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Krispy Kreme from $14.00 to $13.00 and set a “neutral” rating for the company in a research note on Tuesday, March 19th. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $16.31.

Check Out Our Latest Analysis on DNUT

Insider Activity

In related news, Director Michael J. Tattersfield sold 100,000 shares of the firm’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $12.82, for a total value of $1,282,000.00. Following the transaction, the director now owns 2,936,940 shares of the company’s stock, valued at approximately $37,651,570.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 5.30% of the company’s stock.

Krispy Kreme Price Performance

DNUT stock opened at $10.16 on Friday. The stock has a market cap of $1.71 billion, a PE ratio of -37.63, a P/E/G ratio of 1.98 and a beta of 1.52. Krispy Kreme, Inc. has a 12 month low of $9.98 and a 12 month high of $17.84. The company has a 50-day moving average price of $13.18 and a 200 day moving average price of $13.35. The company has a current ratio of 0.36, a quick ratio of 0.27 and a debt-to-equity ratio of 0.71.

Krispy Kreme (NASDAQ:DNUTGet Free Report) last announced its earnings results on Thursday, May 9th. The company reported $0.03 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.03. Krispy Kreme had a positive return on equity of 1.40% and a negative net margin of 2.70%. The business had revenue of $442.70 million during the quarter, compared to analyst estimates of $433.87 million. Equities research analysts anticipate that Krispy Kreme, Inc. will post 0.16 earnings per share for the current year.

Krispy Kreme Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 7th. Shareholders of record on Wednesday, July 24th will be paid a $0.035 dividend. The ex-dividend date is Wednesday, July 24th. This represents a $0.14 dividend on an annualized basis and a yield of 1.38%. Krispy Kreme’s payout ratio is -51.85%.

Krispy Kreme Company Profile

(Free Report)

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.

See Also

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

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