Banque Transatlantique SA Invests $1.10 Million in Krispy Kreme, Inc. $DNUT

Key Points

• Banque Transatlantique SA acquired 241,119 shares of Krispy Kreme, valued at approximately $1,096,000, which represents a 0.14% ownership in the company.
• Research analysts have issued mixed ratings on Krispy Kreme, with a consensus rating of "Hold" and an average price target of $6.80.
• Krispy Kreme reported a loss of ($0.15) EPS for the last quarter, missing analysts' expectations, with revenues down 13.5% year-over-year.

Banque Transatlantique SA bought a new position in Krispy Kreme, Inc. (NASDAQ:DNUT - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 241,119 shares of the company's stock, valued at approximately $1,096,000. Banque Transatlantique SA owned approximately 0.14% of Krispy Kreme as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in shares of Krispy Kreme by 2.7% in the 1st quarter. Vanguard Group Inc. now owns 8,867,100 shares of the company's stock worth $43,626,000 after buying an additional 233,234 shares during the period. D. E. Shaw & Co. Inc. boosted its stake in Krispy Kreme by 138.8% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 165,400 shares of the company's stock worth $1,642,000 after acquiring an additional 96,126 shares in the last quarter. SG Americas Securities LLC boosted its stake in Krispy Kreme by 275.1% during the first quarter. SG Americas Securities LLC now owns 314,630 shares of the company's stock worth $1,548,000 after acquiring an additional 230,761 shares in the last quarter. Nuveen LLC purchased a new stake in Krispy Kreme in the first quarter worth about $1,126,000. Finally, Quantbot Technologies LP increased its stake in shares of Krispy Kreme by 365.7% during the first quarter. Quantbot Technologies LP now owns 303,290 shares of the company's stock valued at $1,492,000 after purchasing an additional 238,171 shares in the last quarter. 81.72% of the stock is owned by hedge funds and other institutional investors.

Krispy Kreme Stock Performance

DNUT traded down $0.08 during mid-day trading on Tuesday, reaching $3.08. 1,902,635 shares of the company traded hands, compared to its average volume of 5,327,198. The company's fifty day moving average price is $3.49 and its 200-day moving average price is $3.92. The stock has a market capitalization of $526.44 million, a P/E ratio of -1.16 and a beta of 1.32. The company has a quick ratio of 0.26, a current ratio of 0.34 and a debt-to-equity ratio of 1.24. Krispy Kreme, Inc. has a 52-week low of $2.50 and a 52-week high of $12.68.

Krispy Kreme (NASDAQ:DNUT - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The company reported ($0.15) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.10). Krispy Kreme had a negative return on equity of 5.55% and a negative net margin of 29.33%.The firm had revenue of $379.77 million during the quarter, compared to the consensus estimate of $382.25 million. During the same period in the previous year, the firm earned $0.05 EPS. The business's revenue was down 13.5% on a year-over-year basis. On average, sell-side analysts expect that Krispy Kreme, Inc. will post 0.07 EPS for the current year.

Wall Street Analysts Forecast Growth

DNUT has been the topic of several recent research reports. Bank of America cut their price target on Krispy Kreme from $7.00 to $6.00 and set a "buy" rating on the stock in a research note on Friday, July 18th. BNP Paribas raised Krispy Kreme to a "hold" rating in a report on Monday, July 21st. Morgan Stanley reduced their price target on Krispy Kreme from $3.00 to $2.50 and set an "overweight" rating for the company in a report on Monday, July 14th. Zacks Research lowered Krispy Kreme from a "hold" rating to a "strong sell" rating in a research report on Monday, August 25th. Finally, JPMorgan Chase & Co. reiterated an "underweight" rating on shares of Krispy Kreme in a research note on Wednesday, August 27th. Three analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat.com, Krispy Kreme has an average rating of "Hold" and an average target price of $6.80.

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.