SG Americas Securities LLC Has $627,000 Position in Krispy Kreme, Inc. (NASDAQ:DNUT)

SG Americas Securities LLC trimmed its position in Krispy Kreme, Inc. (NASDAQ:DNUT) by 72.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 58,228 shares of the company’s stock after selling 150,872 shares during the period. SG Americas Securities LLC’s holdings in Krispy Kreme were worth $627,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of DNUT. Tidal Investments LLC bought a new stake in Krispy Kreme in the first quarter valued at approximately $154,000. California State Teachers Retirement System grew its holdings in shares of Krispy Kreme by 3.4% in the 1st quarter. California State Teachers Retirement System now owns 84,610 shares of the company’s stock valued at $1,289,000 after buying an additional 2,769 shares during the period. Bamco Inc. NY increased its position in shares of Krispy Kreme by 2.6% in the 1st quarter. Bamco Inc. NY now owns 9,734,467 shares of the company’s stock valued at $148,305,000 after buying an additional 246,600 shares in the last quarter. Gabelli Funds LLC acquired a new stake in Krispy Kreme during the 1st quarter worth $381,000. Finally, Vanguard Group Inc. lifted its holdings in Krispy Kreme by 0.8% during the first quarter. Vanguard Group Inc. now owns 8,548,548 shares of the company’s stock worth $130,237,000 after acquiring an additional 67,130 shares in the last quarter. 81.72% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Krispy Kreme Stock Performance

Shares of DNUT opened at $11.06 on Tuesday. The stock has a market capitalization of $1.87 billion, a price-to-earnings ratio of -40.96, a PEG ratio of 1.96 and a beta of 1.41. Krispy Kreme, Inc. has a 12 month low of $9.18 and a 12 month high of $17.84. The firm has a fifty day simple moving average of $10.72 and a 200 day simple moving average of $12.10. The company has a current ratio of 0.36, a quick ratio of 0.27 and a debt-to-equity ratio of 0.71.

Krispy Kreme (NASDAQ:DNUT) last posted 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 2.70% and a positive return on equity of 1.40%. The company’s quarterly revenue was up 7.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.04 EPS. Research analysts forecast that Krispy Kreme, Inc. will post 0.14 EPS for the current fiscal year.

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.