44,926 Shares in Krispy Kreme, Inc. (NASDAQ:DNUT) Purchased by OFI Invest Asset Management

OFI Invest Asset Management bought a new position in shares of Krispy Kreme, Inc. (NASDAQ:DNUT) during the 2nd quarter, Holdings Channel.com reports. The fund bought 44,926 shares of the company’s stock, valued at approximately $451,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in DNUT. Blue Trust Inc. acquired a new stake in shares of Krispy Kreme in the second quarter valued at about $68,000. Tidal Investments LLC acquired a new stake in shares of Krispy Kreme during the 1st quarter valued at approximately $154,000. Victory Capital Management Inc. purchased a new stake in shares of Krispy Kreme during the 4th quarter worth approximately $157,000. Armistice Capital LLC acquired a new stake in shares of Krispy Kreme in the 4th quarter worth approximately $170,000. Finally, Sciencast Management LP acquired a new stake in shares of Krispy Kreme in the 1st quarter worth approximately $223,000. Institutional investors and hedge funds own 81.72% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Hsbc Global Res upgraded Krispy Kreme from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 23rd. Bank of America decreased their price objective on shares of Krispy Kreme from $19.00 to $16.00 and set a “buy” rating on the stock in a research report on Wednesday, July 17th. JPMorgan Chase & Co. initiated coverage on shares of Krispy Kreme in a report on Monday, June 3rd. They set an “overweight” rating and a $14.00 target price for the company. HSBC upgraded shares of Krispy Kreme from a “hold” rating to a “buy” rating and set a $14.00 price target on the stock in a research report on Tuesday, July 23rd. Finally, Truist Financial raised shares of Krispy Kreme from a “hold” rating to a “buy” rating and boosted their target price for the company from $13.00 to $15.00 in a research note on Monday, June 10th. Two analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $16.29.

Krispy Kreme Trading Up 1.5 %

Shares of DNUT stock traded up $0.16 on Friday, reaching $11.09. 1,355,518 shares of the stock were exchanged, compared to its average volume of 2,318,720. Krispy Kreme, Inc. has a 1-year low of $9.18 and a 1-year high of $17.84. The stock has a market cap of $1.87 billion, a P/E ratio of -41.07, a price-to-earnings-growth ratio of 1.96 and a beta of 1.41. The company has a quick ratio of 0.27, a current ratio of 0.36 and a debt-to-equity ratio of 0.71. The firm has a 50 day moving average of $10.73 and a two-hundred day moving average of $12.12.

Krispy Kreme (NASDAQ:DNUT) last released 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 for the quarter, compared to the consensus estimate of $435.43 million. Krispy Kreme had a positive return on equity of 1.40% and a negative net margin of 2.70%. The company’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same period last year, the business posted $0.04 EPS. On average, research analysts anticipate that Krispy Kreme, Inc. will post 0.14 EPS for the current 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.