Krispy Kreme, Inc. $DNUT Shares Bought by Vanguard Group Inc.

Key Points

• Vanguard Group Inc. increased its stake in Krispy Kreme, acquiring an additional 233,234 shares to hold approximately 5.20% of the company, valued at around $43.6 million.
• Despite this investment, Krispy Kreme reported a loss of $0.15 per share for the last quarter, missing analysts' expectations and reflecting a 13.5% decline in revenue year-over-year.
• Analysts have mixed opinions on Krispy Kreme's stock, with several reducing their target prices; the average target price is now $7.58 and the stock has an overall rating of "Hold."

Vanguard Group Inc. raised its holdings in shares of Krispy Kreme, Inc. (NASDAQ:DNUT - Free Report) by 2.7% during the first quarter, according to its most recent filing with the SEC. The firm owned 8,867,100 shares of the company's stock after purchasing an additional 233,234 shares during the period. Vanguard Group Inc. owned 5.20% of Krispy Kreme worth $43,626,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of DNUT. XTX Topco Ltd purchased a new position in shares of Krispy Kreme in the 4th quarter worth approximately $199,000. Dimensional Fund Advisors LP lifted its stake in Krispy Kreme by 8.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,191,111 shares of the company's stock valued at $41,614,000 after acquiring an additional 333,764 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in shares of Krispy Kreme by 17.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 33,087 shares of the company's stock valued at $329,000 after purchasing an additional 5,032 shares during the period. Northern Trust Corp lifted its stake in shares of Krispy Kreme by 5.6% in the 4th quarter. Northern Trust Corp now owns 750,603 shares of the company's stock valued at $7,453,000 after purchasing an additional 40,063 shares during the period. Finally, Paloma Partners Management Co lifted its stake in shares of Krispy Kreme by 3.8% in the 4th quarter. Paloma Partners Management Co now owns 905,554 shares of the company's stock valued at $8,992,000 after purchasing an additional 33,486 shares during the period. Hedge funds and other institutional investors own 81.72% of the company's stock.

Krispy Kreme Price Performance

Krispy Kreme stock traded down $0.02 during midday trading on Friday, reaching $3.55. 2,960,305 shares of the company were exchanged, compared to its average volume of 4,300,650. The company has a market capitalization of $607.76 million, a price-to-earnings ratio of -1.34 and a beta of 1.32. The firm's 50-day simple moving average is $3.41 and its 200-day simple moving average is $4.22. Krispy Kreme, Inc. has a 1 year low of $2.50 and a 1 year high of $12.68. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.26 and a current ratio of 0.34.

Krispy Kreme (NASDAQ:DNUT - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported ($0.15) EPS for the quarter, missing analysts' consensus estimates of ($0.05) by ($0.10). The company had revenue of $379.77 million for the quarter, compared to analysts' expectations of $382.25 million. Krispy Kreme had a negative return on equity of 5.55% and a negative net margin of 29.33%.The company's revenue for the quarter was down 13.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.05 EPS. On average, analysts anticipate that Krispy Kreme, Inc. will post 0.07 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on DNUT. BNP Paribas raised shares of Krispy Kreme to a "hold" rating in a report on Monday, July 21st. Bank of America dropped their price objective on shares of Krispy Kreme from $7.00 to $6.00 and set a "buy" rating for the company in a report on Friday, July 18th. BNP Paribas Exane cut shares of Krispy Kreme from an "outperform" rating to a "neutral" rating and set a $3.50 target price on the stock. in a research report on Monday, July 21st. Zacks Research cut shares of Krispy Kreme from a "hold" rating to a "strong sell" rating in a research report on Monday, August 25th. Finally, Morgan Stanley cut their target price on shares of Krispy Kreme from $3.00 to $2.50 and set an "overweight" rating on the stock in a research note on Monday, July 14th. Three analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $6.80.

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.