Krispy Kreme, Inc. (NASDAQ:DNUT) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC decreased its stake in Krispy Kreme, Inc. (NASDAQ:DNUT) by 60.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 23,036 shares of the company’s stock after selling 35,192 shares during the period. SG Americas Securities LLC’s holdings in Krispy Kreme were worth $247,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of DNUT. Vanguard Group Inc. boosted its holdings in shares of Krispy Kreme by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 8,481,418 shares of the company’s stock valued at $127,985,000 after buying an additional 58,222 shares in the last quarter. Benin Management CORP acquired a new position in shares of Krispy Kreme in the 1st quarter valued at $292,000. Capstone Investment Advisors LLC boosted its holdings in shares of Krispy Kreme by 226.1% in the 1st quarter. Capstone Investment Advisors LLC now owns 172,339 shares of the company’s stock valued at $2,626,000 after buying an additional 119,486 shares in the last quarter. Carlyle Group Inc. acquired a new position in shares of Krispy Kreme in the 1st quarter valued at $5,191,000. Finally, Quantbot Technologies LP boosted its holdings in shares of Krispy Kreme by 167.6% in the 1st quarter. Quantbot Technologies LP now owns 43,304 shares of the company’s stock valued at $660,000 after buying an additional 27,122 shares in the last quarter. Institutional investors and hedge funds own 81.72% of the company’s stock.

Krispy Kreme Stock Down 1.0 %

Shares of Krispy Kreme stock opened at $11.47 on Tuesday. The company has a market cap of $1.93 billion, a P/E ratio of -42.48, a PEG ratio of 3.15 and a beta of 1.41. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.26 and a current ratio of 0.34. Krispy Kreme, Inc. has a one year low of $9.18 and a one year high of $17.84. The firm has a fifty day moving average of $11.19 and a two-hundred day moving average of $11.47.

Krispy Kreme (NASDAQ:DNUT) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.05 EPS for the quarter, hitting analysts’ consensus estimates of $0.05. The company had revenue of $438.80 million during the quarter, compared to the consensus estimate of $435.43 million. Krispy Kreme had a negative net margin of 2.98% and a positive return on equity of 1.12%. Krispy Kreme’s quarterly revenue was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.04 EPS. On average, analysts forecast that Krispy Kreme, Inc. will post 0.13 earnings per share for the current year.

Krispy Kreme Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 6th. Stockholders of record on Wednesday, October 23rd will be paid a dividend of $0.035 per share. The ex-dividend date is Wednesday, October 23rd. This represents a $0.14 dividend on an annualized basis and a dividend yield of 1.22%. Krispy Kreme’s dividend payout ratio (DPR) is presently -51.85%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on DNUT. HSBC upgraded shares of Krispy Kreme from a “hold” rating to a “buy” rating and set a $14.00 price target for the company in a research report on Tuesday, July 23rd. Bank of America reduced their price target on shares of Krispy Kreme from $19.00 to $16.00 and set a “buy” rating for the company in a research report on Wednesday, July 17th. Evercore ISI reiterated an “in-line” rating and issued a $13.00 price target on shares of Krispy Kreme in a research report on Tuesday, August 27th. Finally, Hsbc Global Res upgraded shares of Krispy Kreme from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 23rd. Three investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Krispy Kreme has an average rating of “Moderate Buy” and a consensus price target of $15.88.

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.