D. E. Shaw & Co. Inc. Boosts Holdings in Krispy Kreme, Inc. (NASDAQ:DNUT)

D. E. Shaw & Co. Inc. boosted its holdings in shares of Krispy Kreme, Inc. (NASDAQ:DNUT - Free Report) by 138.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 165,400 shares of the company's stock after acquiring an additional 96,126 shares during the period. D. E. Shaw & Co. Inc. owned about 0.10% of Krispy Kreme worth $1,642,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Crestline Management LP bought a new position in Krispy Kreme during the 4th quarter worth about $815,000. Cubist Systematic Strategies LLC bought a new position in Krispy Kreme during the 4th quarter worth about $535,000. Brevan Howard Capital Management LP bought a new position in Krispy Kreme during the 4th quarter worth about $582,000. Bamco Inc. NY grew its holdings in Krispy Kreme by 24.7% during the 4th quarter. Bamco Inc. NY now owns 13,069,717 shares of the company's stock worth $129,782,000 after acquiring an additional 2,588,398 shares in the last quarter. Finally, BNP Paribas Financial Markets bought a new position in Krispy Kreme during the 4th quarter worth about $152,305,000. 81.72% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Krispy Kreme

In other Krispy Kreme news, major shareholder Indulgence B.V. Jab sold 694,445 shares of the company's stock in a transaction on Wednesday, April 23rd. The shares were sold at an average price of $4.32, for a total value of $3,000,002.40. Following the sale, the insider now directly owns 74,190,990 shares of the company's stock, valued at approximately $320,505,076.80. This represents a 0.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 5.30% of the company's stock.

Krispy Kreme Stock Performance

Krispy Kreme stock traded up $0.16 during trading hours on Tuesday, hitting $3.07. 778,864 shares of the stock traded hands, compared to its average volume of 3,993,417. The firm's 50 day moving average price is $4.15 and its 200-day moving average price is $7.30. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.35 and a quick ratio of 0.28. The stock has a market capitalization of $523.07 million, a price-to-earnings ratio of 18.03, a P/E/G ratio of 3.24 and a beta of 1.49. Krispy Kreme, Inc. has a 1 year low of $2.58 and a 1 year high of $12.68.

Krispy Kreme (NASDAQ:DNUT - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported ($0.05) EPS for the quarter, hitting analysts' consensus estimates of ($0.05). Krispy Kreme had a return on equity of 0.53% and a net margin of 1.64%. The firm had revenue of $375.18 million during the quarter, compared to the consensus estimate of $383.97 million. During the same quarter in the previous year, the company posted $0.07 earnings per share. The company's revenue was down 15.2% compared to the same quarter last year. As a group, equities analysts expect that Krispy Kreme, Inc. will post 0.07 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms recently commented on DNUT. JPMorgan Chase & Co. reiterated a "neutral" rating on shares of Krispy Kreme in a research note on Wednesday, May 14th. Piper Sandler reduced their price target on Krispy Kreme from $18.00 to $12.00 and set an "overweight" rating on the stock in a research report on Wednesday, February 26th. Morgan Stanley downgraded Krispy Kreme from an "equal weight" rating to an "underweight" rating and dropped their target price for the stock from $12.00 to $6.00 in a research note on Wednesday, February 26th. Citigroup decreased their price target on Krispy Kreme from $4.75 to $3.60 and set a "neutral" rating for the company in a research note on Friday, May 9th. Finally, Truist Financial lowered Krispy Kreme from a "buy" rating to a "hold" rating in a research note on Thursday, May 8th. One analyst has rated the stock with a sell rating, four have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Krispy Kreme presently has a consensus rating of "Hold" and an average price target of $10.58.

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.