Quinn Opportunity Partners LLC Acquires 5,000 Shares of Krispy Kreme, Inc. (NASDAQ:DNUT)

Quinn Opportunity Partners LLC raised its holdings in Krispy Kreme, Inc. (NASDAQ:DNUT) by 10.9% during the 4th quarter, HoldingsChannel.com reports. The fund owned 50,754 shares of the company’s stock after acquiring an additional 5,000 shares during the quarter. Quinn Opportunity Partners LLC’s holdings in Krispy Kreme were worth $504,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in Krispy Kreme in the fourth quarter valued at approximately $10,591,000. Peregrine Capital Management LLC bought a new position in shares of Krispy Kreme in the 4th quarter worth $5,897,000. Barclays PLC raised its position in shares of Krispy Kreme by 450.6% during the 3rd quarter. Barclays PLC now owns 169,209 shares of the company’s stock valued at $1,816,000 after buying an additional 138,475 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in shares of Krispy Kreme by 100.9% during the 4th quarter. Wells Fargo & Company MN now owns 229,352 shares of the company’s stock worth $2,277,000 after acquiring an additional 115,177 shares during the last quarter. Finally, Sei Investments Co. lifted its holdings in shares of Krispy Kreme by 491.7% during the 4th quarter. Sei Investments Co. now owns 121,297 shares of the company’s stock worth $1,204,000 after acquiring an additional 100,796 shares during the last quarter. Institutional investors own 81.72% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on DNUT shares. Truist Financial reissued a “buy” rating and issued a $12.00 target price (down previously from $15.00) on shares of Krispy Kreme in a research note on Wednesday, February 26th. Morgan Stanley lowered Krispy Kreme from an “equal weight” rating to an “underweight” rating and reduced their price objective for the company from $12.00 to $6.00 in a research report on Wednesday, February 26th. Finally, Piper Sandler dropped their target price on Krispy Kreme from $18.00 to $12.00 and set an “overweight” rating for the company in a research report on Wednesday, February 26th. One analyst has rated the stock with a sell rating, one has issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $12.29.

Krispy Kreme Stock Down 1.4 %

Shares of NASDAQ:DNUT opened at $4.23 on Friday. The stock has a market capitalization of $720.37 million, a P/E ratio of 24.88, a price-to-earnings-growth ratio of 3.24 and a beta of 1.47. The stock’s 50-day moving average price is $6.30 and its 200-day moving average price is $8.96. The company has a current ratio of 0.35, a quick ratio of 0.28 and a debt-to-equity ratio of 0.67. Krispy Kreme, Inc. has a 12-month low of $3.92 and a 12-month high of $15.30.

Krispy Kreme (NASDAQ:DNUT) last posted its quarterly earnings results on Tuesday, February 25th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.09). The company had revenue of $404.00 million for the quarter, compared to the consensus estimate of $413.18 million. Krispy Kreme had a return on equity of 0.53% and a net margin of 1.64%. Krispy Kreme’s revenue was down 10.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.09 earnings per share. On average, equities analysts anticipate that Krispy Kreme, Inc. will post 0.07 earnings per share for the current year.

Krispy Kreme Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 7th. Investors of record on Wednesday, April 23rd will be paid a $0.035 dividend. This represents a $0.14 annualized dividend and a dividend yield of 3.31%. The ex-dividend date is Wednesday, April 23rd. Krispy Kreme’s payout ratio is 700.00%.

Krispy Kreme Company Profile

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.