SG Americas Securities LLC Boosts Holdings in Krispy Kreme, Inc. (NASDAQ:DNUT)

SG Americas Securities LLC increased its stake in shares of Krispy Kreme, Inc. (NASDAQ:DNUT - Free Report) by 275.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 314,630 shares of the company's stock after purchasing an additional 230,761 shares during the quarter. SG Americas Securities LLC owned 0.18% of Krispy Kreme worth $1,548,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. D. E. Shaw & Co. Inc. boosted its stake in shares of Krispy Kreme by 138.8% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 165,400 shares of the company's stock valued at $1,642,000 after buying an additional 96,126 shares during the period. Edgestream Partners L.P. raised its holdings in Krispy Kreme by 158.9% in the fourth quarter. Edgestream Partners L.P. now owns 130,995 shares of the company's stock valued at $1,301,000 after acquiring an additional 80,394 shares in the last quarter. Sei Investments Co. lifted its stake in Krispy Kreme by 491.7% in the fourth 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 during the last quarter. Bamco Inc. NY lifted its stake in Krispy Kreme by 24.7% in the fourth 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 during the last quarter. Finally, Rhumbline Advisers grew its holdings in Krispy Kreme by 2.2% during the 4th quarter. Rhumbline Advisers now owns 119,083 shares of the company's stock worth $1,182,000 after acquiring an additional 2,532 shares in the last quarter. Hedge funds and other institutional investors own 81.72% of the company's stock.

Insiders Place Their Bets

In other news, major shareholder Indulgence B.V. Jab sold 694,445 shares of the 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 completion of 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.00% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

DNUT has been the topic of a number of analyst reports. Morgan Stanley lowered shares of Krispy Kreme from an "equal weight" rating to an "underweight" rating and reduced their price objective for the company from $12.00 to $6.00 in a report on Wednesday, February 26th. Citigroup dropped their target price on Krispy Kreme from $4.75 to $3.60 and set a "neutral" rating on the stock in a report on Friday, May 9th. Piper Sandler decreased 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. JPMorgan Chase & Co. reaffirmed a "neutral" rating on shares of Krispy Kreme in a research report on Wednesday, May 14th. Finally, Truist Financial downgraded Krispy Kreme from a "buy" rating to a "hold" rating in a report on Thursday, May 8th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $10.58.

Krispy Kreme Stock Performance

DNUT traded down $0.05 on Thursday, reaching $2.67. The company had a trading volume of 2,895,275 shares, compared to its average volume of 2,662,407. The company has a quick ratio of 0.28, a current ratio of 0.35 and a debt-to-equity ratio of 0.83. Krispy Kreme, Inc. has a 1 year low of $2.58 and a 1 year high of $12.68. The stock has a market capitalization of $455.66 million, a PE ratio of -20.54 and a beta of 1.30. The stock has a 50-day moving average price of $3.46 and a 200-day moving average price of $6.40.

Krispy Kreme (NASDAQ:DNUT - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported ($0.05) EPS for the quarter, hitting analysts' consensus estimates of ($0.05). The business had revenue of $375.18 million for the quarter, compared to analysts' expectations of $383.97 million. Krispy Kreme had a negative return on equity of 2.13% and a negative net margin of 1.36%. The business's revenue was down 15.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.07 earnings per share. As a group, research analysts forecast that Krispy Kreme, Inc. will post 0.07 EPS for the current fiscal 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.