Bamco Inc. NY Increases Holdings in Krispy Kreme, Inc. (NASDAQ:DNUT)

Bamco Inc. NY grew its position in Krispy Kreme, Inc. (NASDAQ:DNUT - Free Report) by 24.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,069,717 shares of the company's stock after buying an additional 2,588,398 shares during the quarter. Bamco Inc. NY owned 7.69% of Krispy Kreme worth $129,782,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Edgestream Partners L.P. lifted its stake in Krispy Kreme by 158.9% in 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 during the period. Sei Investments Co. boosted its position in Krispy Kreme by 491.7% during the 4th quarter. Sei Investments Co. now owns 121,297 shares of the company's stock valued at $1,204,000 after acquiring an additional 100,796 shares in the last quarter. Rhumbline Advisers increased its holdings in shares of Krispy Kreme by 2.2% in the 4th quarter. Rhumbline Advisers now owns 119,083 shares of the company's stock valued at $1,182,000 after acquiring an additional 2,532 shares during the period. Wells Fargo & Company MN raised its position in shares of Krispy Kreme by 100.9% in the 4th quarter. Wells Fargo & Company MN now owns 229,352 shares of the company's stock worth $2,277,000 after acquiring an additional 115,177 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in Krispy Kreme by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 2,110,288 shares of the company's stock valued at $20,960,000 after purchasing an additional 10,643 shares during the last quarter. 81.72% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Krispy Kreme

In related 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 transaction of $3,000,002.40. Following the completion of the sale, the insider now directly owns 74,190,990 shares in the company, 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 5.30% of the company's stock.

Wall Street Analysts Forecast Growth

DNUT has been the topic of a number of recent analyst reports. Morgan Stanley cut shares of Krispy Kreme from an "equal weight" rating to an "underweight" rating and lowered their price target for the company from $12.00 to $6.00 in a report on Wednesday, February 26th. Truist Financial dropped their price target on Krispy Kreme from $12.00 to $7.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. Finally, Piper Sandler dropped their price objective on shares of Krispy Kreme from $18.00 to $12.00 and set an "overweight" rating on the stock in a report on Wednesday, February 26th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Krispy Kreme has an average rating of "Moderate Buy" and a consensus price target of $11.57.

Krispy Kreme Stock Performance

Shares of NASDAQ DNUT traded up $0.11 during midday trading on Tuesday, reaching $4.38. 2,329,586 shares of the stock were exchanged, compared to its average volume of 2,282,876. 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 firm has a 50-day simple moving average of $4.88 and a two-hundred day simple moving average of $8.16. Krispy Kreme, Inc. has a twelve month low of $3.91 and a twelve month high of $13.25. The firm has a market cap of $746.63 million, a price-to-earnings ratio of 25.74, a PEG ratio of 3.24 and a beta of 1.49.

Krispy Kreme (NASDAQ:DNUT - Get Free Report) last posted its quarterly earnings data on Tuesday, February 25th. The company reported $0.01 EPS for the quarter, missing analysts' consensus estimates of $0.10 by ($0.09). Krispy Kreme had a net margin of 1.64% and a return on equity of 0.53%. The business had revenue of $404.00 million during the quarter, compared to analysts' expectations of $413.18 million. During the same quarter last year, the firm earned $0.09 earnings per share. The firm's quarterly revenue was down 10.4% compared to the same quarter last year. As a group, analysts anticipate that Krispy Kreme, Inc. will post 0.07 EPS for the current fiscal year.

Krispy Kreme Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 7th. Investors of record on Wednesday, April 23rd will be issued a $0.035 dividend. This represents a $0.14 annualized dividend and a yield of 3.20%. The ex-dividend date is Wednesday, April 23rd. Krispy Kreme's payout ratio is 700.00%.

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.