Woodline Partners LP Sells 1,324,960 Shares of Krispy Kreme, Inc. (NASDAQ:DNUT)

Woodline Partners LP lessened its position in Krispy Kreme, Inc. (NASDAQ:DNUT - Free Report) by 78.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 357,610 shares of the company's stock after selling 1,324,960 shares during the period. Woodline Partners LP owned approximately 0.21% of Krispy Kreme worth $3,551,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. D. E. Shaw & Co. Inc. increased its stake in Krispy Kreme by 138.8% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 165,400 shares of the company's stock valued at $1,642,000 after purchasing an additional 96,126 shares in the last quarter. Edgestream Partners L.P. increased its position in shares of Krispy Kreme by 158.9% during the fourth quarter. Edgestream Partners L.P. now owns 130,995 shares of the company's stock worth $1,301,000 after acquiring an additional 80,394 shares in the last quarter. Sei Investments Co. increased its position in shares of Krispy Kreme by 491.7% during 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 in the last quarter. Bamco Inc. NY increased its position 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 worth $129,782,000 after acquiring an additional 2,588,398 shares in the last quarter. Finally, Rhumbline Advisers increased its position in shares of Krispy Kreme by 2.2% during the fourth 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. Institutional investors own 81.72% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. reissued a "neutral" rating on shares of Krispy Kreme in a research report on Wednesday, May 14th. Citigroup lowered their price objective on shares of Krispy Kreme from $4.75 to $3.60 and set a "neutral" rating for the company in a research report on Friday, May 9th. Truist Financial downgraded shares of Krispy Kreme from a "buy" rating to a "hold" rating in a research report on Thursday, May 8th. Piper Sandler lowered their price objective on shares of Krispy Kreme from $18.00 to $12.00 and set an "overweight" rating for the company in a research report on Wednesday, February 26th. Finally, Morgan Stanley downgraded shares of Krispy Kreme from an "equal weight" rating to an "underweight" rating and lowered their price objective for the stock from $12.00 to $6.00 in a research report on Wednesday, February 26th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $10.58.

Insider Buying and Selling at Krispy Kreme

In other Krispy Kreme news, major shareholder Indulgence B.V. Jab sold 694,445 shares of the stock in a transaction on Wednesday, April 23rd. The shares were 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 owns 74,190,990 shares in the company, valued at $320,505,076.80. This trade represents a 0.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 5.30% of the company's stock.

Krispy Kreme Stock Down 0.5%

DNUT traded down $0.02 during trading hours on Friday, hitting $2.92. 514,122 shares of the company's stock were exchanged, compared to its average volume of 2,640,220. The stock has a market cap of $497.47 million, a price-to-earnings ratio of 17.15, a PEG ratio of 3.24 and a beta of 1.49. The company has a quick ratio of 0.28, a current ratio of 0.35 and a debt-to-equity ratio of 0.67. The stock's 50-day moving average is $3.99 and its two-hundred day moving average is $7.18. Krispy Kreme, Inc. has a 1-year low of $2.58 and a 1-year high of $12.68.

Krispy Kreme (NASDAQ:DNUT - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported ($0.05) EPS for the quarter, meeting analysts' consensus estimates of ($0.05). The firm had revenue of $375.18 million during the quarter, compared to analysts' expectations of $383.97 million. Krispy Kreme had a net margin of 1.64% and a return on equity of 0.53%. The company's revenue for the quarter was down 15.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.07 earnings per share. Sell-side analysts predict that Krispy Kreme, Inc. will post 0.07 earnings per share 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.