Quantbot Technologies LP Grows Stock Holdings in Krispy Kreme, Inc. $DNUT

Key Points

• Quantbot Technologies LP significantly increased its holdings in Krispy Kreme by 365.7% in the first quarter, owning approximately 0.18% of the company's stock worth $1.49 million.
• Major investors, including BNP Paribas and Bamco Inc., have also adjusted their positions in Krispy Kreme, with hedge funds and institutional investors now owning 81.72% of the company.
• Krispy Kreme reported disappointing earnings, with an EPS of ($0.15) for the quarter, missing analysts' expectations and marking a 13.5% decline in revenue compared to the previous year.

Quantbot Technologies LP grew its holdings in shares of Krispy Kreme, Inc. (NASDAQ:DNUT - Free Report) by 365.7% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 303,290 shares of the company's stock after purchasing an additional 238,171 shares during the period. Quantbot Technologies LP owned approximately 0.18% of Krispy Kreme worth $1,492,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. BNP Paribas Financial Markets purchased a new position in shares of Krispy Kreme during the fourth quarter valued at approximately $152,305,000. Bamco Inc. NY lifted its holdings in shares of Krispy Kreme by 24.7% during the fourth quarter. Bamco Inc. NY now owns 13,069,717 shares of the company's stock valued at $129,782,000 after purchasing an additional 2,588,398 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Krispy Kreme by 2.7% during the first quarter. Vanguard Group Inc. now owns 8,867,100 shares of the company's stock valued at $43,626,000 after purchasing an additional 233,234 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Krispy Kreme by 8.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,191,111 shares of the company's stock valued at $41,614,000 after purchasing an additional 333,764 shares during the last quarter. Finally, Federated Hermes Inc. purchased a new position in shares of Krispy Kreme during the first quarter valued at approximately $8,271,000. 81.72% of the stock is currently owned by hedge funds and other institutional investors.

Krispy Kreme Trading Up 6.3%

NASDAQ:DNUT opened at $3.70 on Friday. The company has a current ratio of 0.34, a quick ratio of 0.26 and a debt-to-equity ratio of 1.24. Krispy Kreme, Inc. has a 12 month low of $2.50 and a 12 month high of $12.68. The company has a market cap of $633.44 million, a PE ratio of -1.40 and a beta of 1.32. The company has a 50 day simple moving average of $3.32 and a two-hundred day simple moving average of $4.40.

Krispy Kreme (NASDAQ:DNUT - Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported ($0.15) EPS for the quarter, missing analysts' consensus estimates of ($0.05) by ($0.10). Krispy Kreme had a negative return on equity of 5.55% and a negative net margin of 29.33%.The company had revenue of $379.77 million during the quarter, compared to the consensus estimate of $382.25 million. During the same period last year, the firm posted $0.05 EPS. The company's revenue for the quarter was down 13.5% on a year-over-year basis. Research analysts forecast that Krispy Kreme, Inc. will post 0.07 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages recently weighed in on DNUT. Morgan Stanley reduced their price target 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. JPMorgan Chase & Co. reissued a "neutral" rating on shares of Krispy Kreme in a research report on Wednesday, May 14th. BNP Paribas Exane downgraded shares of Krispy Kreme from an "outperform" rating to a "neutral" rating and set a $3.50 price target for the company. in a research report on Monday, July 21st. Truist Financial downgraded shares of Krispy Kreme from a "buy" rating to a "hold" rating in a research report on Thursday, May 8th. Finally, BNP Paribas raised shares of Krispy Kreme to a "hold" rating in a research report on Monday, July 21st. Three investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $7.58.

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.

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