SG Americas Securities LLC Has $1.55 Million Stock Position in Krispy Kreme, Inc. (NASDAQ:DNUT)

SG Americas Securities LLC increased its position in shares of Krispy Kreme, Inc. (NASDAQ:DNUT - Free Report) by 275.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 314,630 shares of the company's stock after acquiring an additional 230,761 shares during the period. SG Americas Securities LLC owned about 0.18% of Krispy Kreme worth $1,548,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the company. GAMMA Investing LLC lifted its holdings in shares of Krispy Kreme by 1,440.9% in the first quarter. GAMMA Investing LLC now owns 9,338 shares of the company's stock worth $46,000 after acquiring an additional 8,732 shares during the last quarter. Spartan Fund Management Inc. increased its position in Krispy Kreme by 150.0% during the 4th quarter. Spartan Fund Management Inc. now owns 5,000 shares of the company's stock worth $50,000 after purchasing an additional 3,000 shares in the last quarter. Ameriprise Financial Inc. bought a new position in Krispy Kreme in the 4th quarter valued at approximately $128,000. Central Pacific Bank Trust Division boosted its position in Krispy Kreme by 348.2% in the first quarter. Central Pacific Bank Trust Division now owns 32,189 shares of the company's stock valued at $158,000 after buying an additional 25,007 shares in the last quarter. Finally, KLP Kapitalforvaltning AS bought a new stake in shares of Krispy Kreme during the fourth quarter worth $193,000. 81.72% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Krispy Kreme Stock Down 3.5%

Shares of Krispy Kreme stock traded down $0.10 during midday trading on Tuesday, reaching $2.72. The company had a trading volume of 2,711,258 shares, compared to its average volume of 2,652,635. The stock has a fifty day moving average price of $3.53 and a 200 day moving average price of $6.45. Krispy Kreme, Inc. has a fifty-two week low of $2.58 and a fifty-two week high of $12.68. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.35 and a quick ratio of 0.28.

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 (EPS) for the quarter, hitting the consensus estimate of ($0.05). Krispy Kreme had a negative net margin of 1.36% and a negative return on equity of 2.13%. The firm had revenue of $375.18 million during the quarter, compared to analyst estimates of $383.97 million. During the same quarter last year, the business earned $0.07 EPS. The company's revenue was down 15.2% compared to the same quarter last year. On average, sell-side analysts anticipate that Krispy Kreme, Inc. will post 0.07 earnings per share for the current year.

Insider Buying and Selling at Krispy Kreme

In other Krispy Kreme news, major shareholder Indulgence B.V. Jab sold 694,445 shares of the business's stock in a transaction that occurred on Wednesday, April 23rd. The stock was sold at an average price of $4.32, for a total value of $3,000,002.40. Following the transaction, the insider now directly owns 74,190,990 shares of the company's stock, valued at approximately $320,505,076.80. The trade was a 0.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 3.00% of the company's stock.

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.