Krispy Kreme, Inc. $DNUT Stake Cut by Federated Hermes Inc.

Federated Hermes Inc. reduced its stake in shares of Krispy Kreme, Inc. (NASDAQ:DNUT) by 16.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,503,844 shares of the company’s stock after selling 503,501 shares during the quarter. Federated Hermes Inc. owned approximately 1.46% of Krispy Kreme worth $9,690,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Capstone Financial Advisors Inc. acquired a new stake in shares of Krispy Kreme during the 2nd quarter valued at about $29,000. Sage Mountain Advisors LLC acquired a new position in shares of Krispy Kreme during the third quarter worth approximately $39,000. Vanguard Personalized Indexing Management LLC bought a new stake in Krispy Kreme in the 2nd quarter valued at $30,000. R Squared Ltd acquired a new stake in Krispy Kreme during the second quarter worth about $31,000. Finally, Prudential Financial Inc. bought a new stake in shares of Krispy Kreme in the 2nd quarter worth approximately $32,000. Institutional investors and hedge funds own 81.72% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Weiss Ratings reiterated a “sell (d)” rating on shares of Krispy Kreme in a research note on Monday, December 29th. Singular Research upgraded Krispy Kreme to a “moderate buy” rating in a research note on Wednesday, October 22nd. Morgan Stanley restated an “underweight” rating and issued a $3.00 price objective on shares of Krispy Kreme in a research report on Tuesday, January 20th. Zacks Research raised Krispy Kreme from a “strong sell” rating to a “hold” rating in a report on Monday, December 22nd. Finally, Wall Street Zen raised Krispy Kreme from a “sell” rating to a “hold” rating in a research note on Saturday, January 17th. Three equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $5.59.

Krispy Kreme Stock Up 0.6%

Krispy Kreme stock opened at $3.15 on Monday. The company has a current ratio of 0.36, a quick ratio of 0.30 and a debt-to-equity ratio of 1.31. The company has a fifty day simple moving average of $4.05 and a 200 day simple moving average of $3.75. The company has a market cap of $539.60 million, a P/E ratio of -1.05 and a beta of 1.31. Krispy Kreme, Inc. has a 1-year low of $2.50 and a 1-year high of $9.43.

Krispy Kreme (NASDAQ:DNUT) last issued its quarterly earnings results on Thursday, November 6th. The company reported $0.01 EPS for the quarter, beating the consensus estimate of ($0.06) by $0.07. Krispy Kreme had a negative return on equity of 5.13% and a negative net margin of 33.27%.The firm had revenue of $375.30 million during the quarter, compared to analysts’ expectations of $378.29 million. During the same period in the prior year, the firm posted ($0.01) earnings per share. The business’s quarterly revenue was down 1.2% compared to the same quarter last year. Research analysts anticipate that Krispy Kreme, Inc. will post 0.07 earnings per share for the current fiscal year.

About Krispy Kreme

Krispy Kreme Doughnuts, Inc (NASDAQ: DNUT) is a global retailer and wholesaler renowned for its signature Original Glazed doughnut and a variety of other sweet treats. The company operates through a combination of company-owned stores, franchise outlets and strategic partnerships with supermarkets, convenience stores and other foodservice channels. In addition to its doughnut portfolio, Krispy Kreme offers freshly brewed coffee, assorted beverages and proprietary seasonal items designed to drive traffic and foster brand loyalty.

Founded in 1937 in Winston-Salem, North Carolina, by Vernon Rudolph, Krispy Kreme has grown from a single local shop to a multinational brand.