Krispy Kreme, Inc. $DNUT Shares Acquired by SG Americas Securities LLC

Key Points

• SG Americas Securities LLC increased its stake in Krispy Kreme by 53% in Q3, acquiring an additional 415,416 shares to hold 1,199,552 shares (about 0.70%) valued at $4.64 million.
• Analysts are mixed with a consensus rating of Hold (4 Buy, 6 Hold, 2 Sell) and an average target price of $5.51, including recent downgrades and upgrades from several firms.
• Krispy Kreme reported a quarterly EPS beat ($0.01 vs. -$0.06) but revenue missed slightly and the company remains unprofitable (net margin -33.27%), with a market cap of $733M and a 1‑year price range of $2.50–$9.56.

SG Americas Securities LLC increased its stake in shares of Krispy Kreme, Inc. (NASDAQ:DNUT - Free Report) by 53.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,199,552 shares of the company's stock after acquiring an additional 415,416 shares during the period. SG Americas Securities LLC owned about 0.70% of Krispy Kreme worth $4,642,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the stock. Pacific Point Advisors LLC purchased a new stake in Krispy Kreme during the second quarter worth $341,000. Counterpoint Mutual Funds LLC purchased a new position in Krispy Kreme in the second quarter valued at $333,000. XTX Topco Ltd raised its position in shares of Krispy Kreme by 452.4% in the second quarter. XTX Topco Ltd now owns 340,289 shares of the company's stock worth $990,000 after acquiring an additional 278,682 shares during the period. Federated Hermes Inc. boosted its stake in shares of Krispy Kreme by 78.9% during the 2nd quarter. Federated Hermes Inc. now owns 3,007,345 shares of the company's stock worth $8,751,000 after acquiring an additional 1,326,212 shares in the last quarter. Finally, AlTi Global Inc. grew its position in shares of Krispy Kreme by 40.1% during the 2nd quarter. AlTi Global Inc. now owns 748,666 shares of the company's stock valued at $2,179,000 after acquiring an additional 214,192 shares during the period. 81.72% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on DNUT. Weiss Ratings reaffirmed a "sell (d)" rating on shares of Krispy Kreme in a report on Monday, December 29th. Capital One Financial reduced their target price on Krispy Kreme from $6.00 to $4.00 and set an "equal weight" rating for the company in a research note on Thursday, October 2nd. Singular Research raised shares of Krispy Kreme to a "moderate buy" rating in a research note on Wednesday, October 22nd. Wall Street Zen lowered shares of Krispy Kreme from a "hold" rating to a "sell" rating in a report on Saturday, January 3rd. Finally, Zacks Research upgraded shares of Krispy Kreme from a "strong sell" rating to a "hold" rating in a research report on Monday, December 22nd. Four research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $5.51.

Krispy Kreme Stock Performance

Shares of NASDAQ:DNUT opened at $4.28 on Monday. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.36 and a quick ratio of 0.30. Krispy Kreme, Inc. has a 1 year low of $2.50 and a 1 year high of $9.56. The firm has a market capitalization of $733.16 million, a PE ratio of -1.43 and a beta of 1.32. The business's 50 day moving average price is $4.15 and its 200-day moving average price is $3.71.

Krispy Kreme (NASDAQ:DNUT - Get Free Report) last announced its quarterly earnings data on Thursday, November 6th. The company reported $0.01 earnings per share for the quarter, beating analysts' consensus estimates of ($0.06) by $0.07. Krispy Kreme had a negative return on equity of 5.13% and a negative net margin of 33.27%.The company had revenue of $375.30 million for the quarter, compared to analyst estimates of $378.29 million. During the same quarter last year, the firm posted ($0.01) EPS. The firm's revenue for the quarter was down 1.2% on a year-over-year basis. As a group, equities research analysts expect that Krispy Kreme, Inc. will post 0.07 earnings per share for the current fiscal year.

Krispy Kreme Profile

Krispy Kreme Doughnuts, Inc NASDAQ: DNUT is a global retailer and wholesaler renowned for its signature Original Glazed doughnut and a variety of other sweet treats. The company operates through a combination of company-owned stores, franchise outlets and strategic partnerships with supermarkets, convenience stores and other foodservice channels. In addition to its doughnut portfolio, Krispy Kreme offers freshly brewed coffee, assorted beverages and proprietary seasonal items designed to drive traffic and foster brand loyalty.

Founded in 1937 in Winston-Salem, North Carolina, by Vernon Rudolph, Krispy Kreme has grown from a single local shop to a multinational brand.

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