D. E. Shaw & Co. Inc. Has $1.64 Million Stake in Krispy Kreme, Inc. (NASDAQ:DNUT)

D. E. Shaw & Co. Inc. raised its holdings in Krispy Kreme, Inc. (NASDAQ:DNUT - Free Report) by 138.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 165,400 shares of the company's stock after purchasing 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 SEC filing.

A number of other institutional investors also recently made changes to their positions in DNUT. Edgestream Partners L.P. grew its position in shares of Krispy Kreme by 158.9% during the fourth quarter. Edgestream Partners L.P. now owns 130,995 shares of the company's stock worth $1,301,000 after buying an additional 80,394 shares in the last quarter. Sei Investments Co. grew its holdings in Krispy Kreme by 491.7% during the 4th quarter. Sei Investments Co. now owns 121,297 shares of the company's stock worth $1,204,000 after acquiring an additional 100,796 shares in the last quarter. Bamco Inc. NY increased its position in shares of Krispy Kreme by 24.7% in the 4th quarter. Bamco Inc. NY now owns 13,069,717 shares of the company's stock worth $129,782,000 after purchasing an additional 2,588,398 shares during the last quarter. Rhumbline Advisers raised its stake in shares of Krispy Kreme by 2.2% in the 4th quarter. Rhumbline Advisers now owns 119,083 shares of the company's stock valued at $1,182,000 after purchasing an additional 2,532 shares in the last quarter. Finally, Wells Fargo & Company MN raised its stake in shares of Krispy Kreme by 100.9% in the 4th quarter. Wells Fargo & Company MN now owns 229,352 shares of the company's stock valued at $2,277,000 after purchasing an additional 115,177 shares in the last quarter. 81.72% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Citigroup lowered their price objective on Krispy Kreme from $4.75 to $3.60 and set a "neutral" rating for the company in a report on Friday, May 9th. Piper Sandler lowered their price target on Krispy Kreme from $18.00 to $12.00 and set an "overweight" rating for the company in a report on Wednesday, February 26th. Truist Financial cut Krispy Kreme from a "buy" rating to a "hold" rating in a research note on Thursday, May 8th. Morgan Stanley downgraded shares of Krispy Kreme from an "equal weight" rating to an "underweight" rating and decreased their price objective for the stock from $12.00 to $6.00 in a report on Wednesday, February 26th. Finally, JPMorgan Chase & Co. reissued a "neutral" rating on shares of Krispy Kreme in a report on Wednesday, May 14th. One investment 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. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $10.58.

Insider Buying and Selling

In related news, major shareholder Indulgence B.V. Jab sold 694,445 shares of the stock in a transaction that occurred on Wednesday, April 23rd. The shares were sold at an average price of $4.32, for a total transaction of $3,000,002.40. Following the completion of the sale, the insider now directly owns 74,190,990 shares of the company's stock, valued at $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 is available at the SEC website. 5.30% of the stock is owned by corporate insiders.

Krispy Kreme Stock Performance

NASDAQ DNUT traded up $0.07 during trading hours on Tuesday, hitting $2.98. The company had a trading volume of 3,715,477 shares, compared to its average volume of 2,653,778. The company has a quick ratio of 0.28, a current ratio of 0.35 and a debt-to-equity ratio of 0.67. The firm has a market cap of $508.56 million, a P/E ratio of 17.53, a price-to-earnings-growth ratio of 3.24 and a beta of 1.49. Krispy Kreme, Inc. has a fifty-two week low of $2.58 and a fifty-two week high of $12.68. The business has a fifty day simple moving average of $4.10 and a 200-day simple moving average of $7.27.

Krispy Kreme (NASDAQ:DNUT - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The company reported ($0.05) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.05). Krispy Kreme had a return on equity of 0.53% and a net margin of 1.64%. The company had revenue of $375.18 million for the quarter, compared to analysts' expectations of $383.97 million. During the same period last year, the firm earned $0.07 EPS. The firm's revenue for the quarter was down 15.2% on a year-over-year basis. Equities analysts predict that Krispy Kreme, Inc. will post 0.07 EPS for the current year.

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.