AlTi Global Inc. Has $2.18 Million Stock Position in Krispy Kreme, Inc. $DNUT

AlTi Global Inc. grew its position in shares of Krispy Kreme, Inc. (NASDAQ:DNUT) by 40.1% in the second quarter, HoldingsChannel reports. The fund owned 748,666 shares of the company’s stock after acquiring an additional 214,192 shares during the period. AlTi Global Inc.’s holdings in Krispy Kreme were worth $2,179,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Vanguard Personalized Indexing Management LLC acquired a new position in Krispy Kreme during the 2nd quarter worth approximately $30,000. IFP Advisors Inc boosted its position in Krispy Kreme by 34.5% during the 2nd quarter. IFP Advisors Inc now owns 12,378 shares of the company’s stock worth $36,000 after acquiring an additional 3,178 shares during the last quarter. GAMMA Investing LLC boosted its position in Krispy Kreme by 1,440.9% during the 1st quarter. GAMMA Investing LLC now owns 9,338 shares of the company’s stock worth $46,000 after acquiring an additional 8,732 shares during the last quarter. 180 Wealth Advisors LLC acquired a new position in Krispy Kreme during the 2nd quarter worth approximately $47,000. Finally, Malaga Cove Capital LLC acquired a new position in Krispy Kreme during the 1st quarter worth approximately $51,000. Institutional investors and hedge funds own 81.72% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on DNUT shares. Singular Research upgraded Krispy Kreme to a “moderate buy” rating in a research note on Wednesday. Capital One Financial decreased their price objective on Krispy Kreme from $6.00 to $4.00 and set an “equal weight” rating on the stock in a report on Thursday, October 2nd. Zacks Research lowered Krispy Kreme from a “hold” rating to a “strong sell” rating in a report on Monday, August 25th. Morgan Stanley decreased their price objective on Krispy Kreme from $3.00 to $2.50 and set an “overweight” rating on the stock in a report on Monday, July 14th. Finally, Bank of America decreased their price objective on Krispy Kreme from $7.00 to $6.00 and set a “buy” rating on the stock in a report on Friday, July 18th. Four equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $6.45.

Krispy Kreme Stock Performance

Shares of DNUT stock opened at $3.98 on Friday. The business’s 50-day moving average price is $3.47 and its 200-day moving average price is $3.44. Krispy Kreme, Inc. has a 12 month low of $2.50 and a 12 month high of $12.68. The firm has a market capitalization of $681.38 million, a price-to-earnings ratio of -1.50 and a beta of 1.34. The company has a current ratio of 0.34, a quick ratio of 0.26 and a debt-to-equity ratio of 1.24.

Krispy Kreme (NASDAQ:DNUT) last announced its quarterly earnings results on Thursday, August 7th. The company reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.10). Krispy Kreme had a negative net margin of 29.33% and a negative return on equity of 5.55%. The firm had revenue of $379.77 million for the quarter, compared to analyst estimates of $382.25 million. During the same period in the previous year, the business posted $0.05 earnings per share. The business’s revenue for the quarter was down 13.5% compared to the same quarter last year. Equities research analysts forecast that Krispy Kreme, Inc. will post 0.07 EPS for the current year.

Krispy Kreme 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.