Trustees of the University of Pennsylvania Takes $8.08 Million Position in Krispy Kreme, Inc. $DNUT

Trustees of the University of Pennsylvania acquired a new stake in Krispy Kreme, Inc. (NASDAQ:DNUT) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 2,009,111 shares of the company’s stock, valued at approximately $8,077,000. Krispy Kreme accounts for approximately 4.0% of Trustees of the University of Pennsylvania’s portfolio, making the stock its 3rd biggest holding.

Several other large investors have also modified their holdings of DNUT. AQR Capital Management LLC acquired a new stake in shares of Krispy Kreme in the first quarter valued at approximately $217,000. Millennium Management LLC boosted its holdings in shares of Krispy Kreme by 522.1% in the first quarter. Millennium Management LLC now owns 2,093,416 shares of the company’s stock valued at $10,300,000 after acquiring an additional 1,756,932 shares during the period. Creative Planning boosted its holdings in shares of Krispy Kreme by 568.2% in the second quarter. Creative Planning now owns 67,074 shares of the company’s stock valued at $195,000 after acquiring an additional 57,036 shares during the period. Legal & General Group Plc boosted its holdings in shares of Krispy Kreme by 44.0% in the second quarter. Legal & General Group Plc now owns 137,268 shares of the company’s stock valued at $399,000 after acquiring an additional 41,929 shares during the period. Finally, Prudential Financial Inc. acquired a new stake in shares of Krispy Kreme in the second quarter valued at approximately $32,000. 81.72% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

DNUT has been the subject of several research analyst reports. Weiss Ratings reissued a “sell (d)” rating on shares of Krispy Kreme in a report on Friday, March 27th. Capital One Financial raised Krispy Kreme from an “equal weight” rating to an “overweight” rating and set a $6.00 price target for the company in a report on Thursday, March 26th. Wall Street Zen raised Krispy Kreme from a “sell” rating to a “hold” rating in a report on Sunday, May 17th. Finally, Zacks Research downgraded Krispy Kreme from a “strong-buy” rating to a “hold” rating in a report on Friday, May 15th. Three research analysts have rated the stock with a Buy rating, two have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $4.63.

Krispy Kreme Price Performance

Shares of NASDAQ DNUT opened at $3.33 on Friday. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.42 and a quick ratio of 0.36. The stock has a fifty day moving average price of $3.49 and a 200 day moving average price of $3.68. Krispy Kreme, Inc. has a 1-year low of $2.50 and a 1-year high of $5.73. The company has a market cap of $574.09 million, a PE ratio of -1.11 and a beta of 1.32.

Krispy Kreme (NASDAQ:DNUT) last issued its quarterly earnings results on Thursday, May 7th. The company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.02). Krispy Kreme had a negative return on equity of 4.34% and a negative net margin of 33.36%.The company had revenue of $367.03 million for the quarter, compared to analyst estimates of $359.42 million. During the same period in the prior year, the business earned ($0.05) earnings per share. Krispy Kreme’s revenue for the quarter was down 2.2% compared to the same quarter last year. Sell-side analysts forecast that Krispy Kreme, Inc. will post -0.01 EPS for the current year.

Krispy Kreme Company Profile

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.