Krispy Kreme, Inc. (NASDAQ:DNUT) Stock Holdings Lessened by Orion Portfolio Solutions LLC

Orion Portfolio Solutions LLC cut its holdings in Krispy Kreme, Inc. (NASDAQ:DNUTFree Report) by 8.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 35,957 shares of the company’s stock after selling 3,162 shares during the period. Orion Portfolio Solutions LLC’s holdings in Krispy Kreme were worth $522,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the business. Amalgamated Bank lifted its stake in Krispy Kreme by 9.6% in the third quarter. Amalgamated Bank now owns 10,248 shares of the company’s stock valued at $128,000 after buying an additional 895 shares during the last quarter. Principal Financial Group Inc. acquired a new stake in shares of Krispy Kreme in the 3rd quarter worth about $147,000. Victory Capital Management Inc. acquired a new stake in shares of Krispy Kreme in the 4th quarter worth about $157,000. Handelsbanken Fonder AB bought a new stake in Krispy Kreme in the 4th quarter valued at about $225,000. Finally, Arizona State Retirement System boosted its stake in Krispy Kreme by 14.1% during the 3rd quarter. Arizona State Retirement System now owns 21,551 shares of the company’s stock valued at $269,000 after purchasing an additional 2,665 shares during the period. Institutional investors own 81.72% of the company’s stock.

Krispy Kreme Price Performance

Shares of NASDAQ DNUT opened at $10.72 on Friday. Krispy Kreme, Inc. has a twelve month low of $9.98 and a twelve month high of $17.84. The company has a current ratio of 0.36, a quick ratio of 0.27 and a debt-to-equity ratio of 0.71. The firm has a 50-day moving average of $12.77 and a two-hundred day moving average of $13.26. The company has a market capitalization of $1.81 billion, a price-to-earnings ratio of -39.70, a PEG ratio of 1.88 and a beta of 1.41.

Krispy Kreme (NASDAQ:DNUTGet Free Report) last issued its earnings results on Thursday, May 9th. The company reported $0.03 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.03. The firm had revenue of $442.70 million during the quarter, compared to analysts’ expectations of $433.87 million. Krispy Kreme had a negative net margin of 2.70% and a positive return on equity of 1.40%. As a group, analysts expect that Krispy Kreme, Inc. will post 0.16 earnings per share for the current fiscal year.

Krispy Kreme Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 7th. Stockholders of record on Wednesday, July 24th will be given a dividend of $0.035 per share. This represents a $0.14 dividend on an annualized basis and a dividend yield of 1.31%. The ex-dividend date is Wednesday, July 24th. Krispy Kreme’s dividend payout ratio (DPR) is presently -51.85%.

Insider Activity

In other Krispy Kreme news, Director Michael J. Tattersfield sold 100,000 shares of the business’s stock in a transaction dated 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 sale, the director now owns 2,936,940 shares in the company, valued at approximately $37,651,570.80. The transaction was disclosed in a filing with the SEC, which is available through this link. 5.30% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Citigroup lifted their price target on Krispy Kreme from $14.00 to $19.00 and gave the company a “neutral” rating in a report on Wednesday, March 27th. JPMorgan Chase & Co. began coverage on Krispy Kreme in a research note on Monday. They set an “overweight” rating and a $14.00 target price on the stock. Bank of America increased their price target on Krispy Kreme from $16.00 to $19.00 and gave the stock a “buy” rating in a research note on Monday, April 8th. Finally, Piper Sandler raised shares of Krispy Kreme from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $14.00 to $20.00 in a report on Friday, April 5th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $16.44.

View Our Latest Report on Krispy Kreme

About Krispy Kreme

(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.

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

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