Krispy Kreme, Inc. (DNUT)
Krispy Kreme to offer four new Doughnut Dot flavors
Krispy Kreme is offering four additional Doughnut Dot variations. The additional variety is a way to compete with Dunkin', which sells more than eight hundred million doughnut holes annually.
Krispy Kreme Shares Up 6.5% After Analysts Upgrade Stock To Buy Over Upcoming McDonald's Partnership
Krispy Kreme stock surged Monday after analysts from Truist turned upgraded the stock to buy and claimed investors are "undervaluing" the business potential of an upcoming deal with McDonald's that will see the company's doughnuts sold at thousands of locations of the world's largest fast food chain.
Krispy Kreme's stock soars after Truist upgrades it to buy on high hopes for McDonald's deal
Krispy Kreme Inc.'s stock soared 5% early Monday, after Truist upgraded the stock to buy and said it's time to “indulge in an underappreciated story.”
After Plunging -18.88% in 4 Weeks, Here's Why the Trend Might Reverse for Krispy Kreme (DNUT)
Krispy Kreme (DNUT) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.
Krispy Kreme, Inc. (NASDAQ:DNUT) Shares Acquired by Natixis Advisors L.P.
Natixis Advisors L.P. lifted its holdings in Krispy Kreme, Inc. (NASDAQ:DNUT – Free Report) by 4.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,248 shares of the company’s stock after purchasing an additional 1,181 shares during the quarter. Natixis Advisors L.P.’s holdings in Krispy Kreme were worth $380,000 as of its most recent SEC filing. Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of Krispy Kreme by 25.7% in the third quarter. Vanguard Group Inc. now owns 8,423,196 shares of the company’s stock worth $105,037,000 after buying an additional 1,721,287 shares during the last quarter. SG Americas Securities LLC acquired a new stake in Krispy Kreme during the 4th quarter worth about $272,000. Banco Santander S.A. grew its stake in Krispy Kreme by 1.4% during the 3rd quarter. Banco Santander S.A. now owns 6,895,249 shares of the company’s stock valued at $85,984,000 after purchasing an additional 97,037 shares during the last quarter. Bamco Inc. NY grew its stake in Krispy Kreme by 59.5% during the 3rd quarter. Bamco Inc. NY now owns 9,221,657 shares of the company’s stock valued at $114,994,000 after purchasing an additional 3,439,948 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Krispy Kreme by 20.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 658,212 shares of the company’s stock valued at $8,208,000 after purchasing an additional 109,869 shares during the period. 81.72% of the stock is currently owned by hedge funds and other institutional investors. Krispy Kreme Trading Up 1.0 % DNUT stock opened at $12.04 on Monday. Krispy Kreme, Inc. has a 52-week low of $11.52 and a 52-week high of $17.84. 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 market cap of $2.03 billion, a P/E ratio of -44.59, a PEG ratio of 2.80 and a beta of 1.52. The company’s 50-day simple moving average is $13.36 and its 200-day simple moving average is $13.49. Krispy Kreme (NASDAQ:DNUT – Get Free Report) last issued its quarterly earnings results on Thursday, May 9th. The company reported $0.03 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.03. Krispy Kreme had a positive return on equity of 1.40% and a negative net margin of 2.70%. The company had revenue of $442.70 million for the quarter, compared to the consensus estimate of $433.87 million. As a group, equities analysts forecast that Krispy Kreme, Inc. will post 0.16 EPS for the current fiscal year. Krispy Kreme Announces Dividend The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 7th. Investors of record on Wednesday, July 24th will be issued a $0.035 dividend. This represents a $0.14 annualized dividend and a yield of 1.16%. The ex-dividend date of this dividend is Wednesday, July 24th. Krispy Kreme’s payout ratio is presently -51.85%. Wall Street Analysts Forecast Growth DNUT has been the topic of a number of recent research reports. JPMorgan Chase & Co. dropped their target price on Krispy Kreme from $14.00 to $13.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 19th. Citigroup upped their price objective on shares of Krispy Kreme from $14.00 to $19.00 and gave the company a “neutral” rating in a report on Wednesday, March 27th. Bank of America increased their price objective on shares of Krispy Kreme from $16.00 to $19.00 and gave the stock a “buy” rating in a research note on Monday, April 8th. Capital One Financial initiated coverage on shares of Krispy Kreme in a research report on Monday, January 22nd. They set an “equal weight” rating and a $16.00 target price for the company. Finally, Piper Sandler raised Krispy Kreme from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $14.00 to $20.00 in a research report on Friday, April 5th. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $16.31. View Our Latest Stock Analysis on DNUT Insiders Place Their Bets In other news, Director Michael J. Tattersfield sold 100,000 shares of the business’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $12.82, for a total transaction of $1,282,000.00. Following the completion of the sale, the director now owns 2,936,940 shares of the company’s stock, valued at $37,651,570.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.30% of the stock is currently owned by company insiders. About Krispy Kreme (Free Report) 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. Read More Five stocks we like better than Krispy Kreme Learn Technical Analysis Skills to Master the Stock Market MarketBeat Week in Review – 5/13 – 5/17 How to Choose Top Rated Stocks Take-Two Interactive Software Offers 2nd Chance for Investors 5 discounted opportunities for dividend growth investors Deere & Company’s Q2 Report: Strong Revenue, Cautious Outlook Want to see what other hedge funds are holding DNUT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Krispy Kreme, Inc. (NASDAQ:DNUT – Free Report).
