Edgestream Partners L.P. Has $1.14 Million Position in Krispy Kreme, Inc. (NASDAQ:DNUT)

Edgestream Partners L.P. raised its stake in shares of Krispy Kreme, Inc. (NASDAQ:DNUT - Free Report) by 77.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 232,322 shares of the company's stock after purchasing an additional 101,327 shares during the quarter. Edgestream Partners L.P. owned about 0.14% of Krispy Kreme worth $1,143,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Spartan Fund Management Inc. lifted its stake in Krispy Kreme by 150.0% in the 4th quarter. Spartan Fund Management Inc. now owns 5,000 shares of the company's stock valued at $50,000 after buying an additional 3,000 shares in the last quarter. GAMMA Investing LLC raised its stake in Krispy Kreme by 1,440.9% in the 1st quarter. GAMMA Investing LLC now owns 9,338 shares of the company's stock valued at $46,000 after purchasing an additional 8,732 shares during the last quarter. Teacher Retirement System of Texas purchased a new position in Krispy Kreme in the 1st quarter valued at $61,000. Ameriprise Financial Inc. acquired a new stake in Krispy Kreme during the 4th quarter worth $128,000. Finally, KLP Kapitalforvaltning AS purchased a new stake in shares of Krispy Kreme during the fourth quarter worth $193,000. 81.72% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have issued reports on DNUT. BNP Paribas Exane downgraded Krispy Kreme from an "outperform" rating to a "neutral" rating and set a $3.50 price objective on the stock. in a report on Monday. Bank of America lowered their price objective on shares of Krispy Kreme from $7.00 to $6.00 and set a "buy" rating on the stock in a research report on Friday. Morgan Stanley cut their target price on shares of Krispy Kreme from $3.00 to $2.50 and set an "overweight" rating for the company in a research report on Monday, July 14th. Truist Financial cut shares of Krispy Kreme from a "buy" rating to a "hold" rating in a report on Thursday, May 8th. Finally, Citigroup cut 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. Five investment analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $8.29.

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 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 transaction, the insider owned 74,190,990 shares in the company, valued at approximately $320,505,076.80. This represents a 0.93% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 3.00% of the stock is currently owned by insiders.

Krispy Kreme Stock Performance

Shares of Krispy Kreme stock traded up $0.87 during trading hours on Tuesday, reaching $4.13. The company's stock had a trading volume of 38,967,217 shares, compared to its average volume of 2,974,081. The company's 50 day simple moving average is $2.98 and its 200 day simple moving average is $5.28. Krispy Kreme, Inc. has a one year low of $2.50 and a one year high of $12.68. The stock has a market cap of $704.83 million, a P/E ratio of -31.77 and a beta of 1.29. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.28 and a current ratio of 0.35.

Krispy Kreme (NASDAQ:DNUT - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The company reported ($0.05) earnings per share for the quarter, hitting analysts' consensus estimates of ($0.05). Krispy Kreme had a negative return on equity of 2.13% and a negative net margin of 1.36%. 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 prior year, the firm posted $0.07 EPS. The business's revenue was down 15.2% on a year-over-year basis. As a group, analysts expect that Krispy Kreme, Inc. will post 0.07 EPS for the current fiscal year.

About Krispy Kreme

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.