Sei Investments Co. Grows Stock Holdings in Krispy Kreme, Inc. (NASDAQ:DNUT)

Sei Investments Co. raised its stake in Krispy Kreme, Inc. (NASDAQ:DNUT) by 491.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 121,297 shares of the company’s stock after buying an additional 100,796 shares during the period. Sei Investments Co.’s holdings in Krispy Kreme were worth $1,204,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Edgestream Partners L.P. increased its stake in Krispy Kreme by 158.9% in the 4th quarter. Edgestream Partners L.P. now owns 130,995 shares of the company’s stock valued at $1,301,000 after purchasing an additional 80,394 shares in the last quarter. Rhumbline Advisers grew its holdings in Krispy Kreme by 2.2% in the fourth quarter. Rhumbline Advisers now owns 119,083 shares of the company’s stock valued at $1,182,000 after purchasing an additional 2,532 shares during the last quarter. Barclays PLC increased its position in shares of Krispy Kreme by 450.6% in the third quarter. Barclays PLC now owns 169,209 shares of the company’s stock valued at $1,816,000 after buying an additional 138,475 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Krispy Kreme by 20.8% during the 4th quarter. Bank of New York Mellon Corp now owns 546,792 shares of the company’s stock worth $5,430,000 after buying an additional 94,000 shares during the last quarter. Finally, OFI Invest Asset Management purchased a new stake in shares of Krispy Kreme in the 4th quarter worth about $431,000. 81.72% of the stock is currently owned by institutional investors and hedge funds.

Krispy Kreme Price Performance

Krispy Kreme stock opened at $4.42 on Tuesday. The stock has a market capitalization of $752.73 million, a P/E ratio of 26.00, a P/E/G ratio of 3.24 and a beta of 1.47. Krispy Kreme, Inc. has a 12-month low of $4.13 and a 12-month high of $15.36. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.35 and a quick ratio of 0.28. The firm’s 50-day moving average is $6.88 and its two-hundred day moving average is $9.23.

Krispy Kreme (NASDAQ:DNUT) last announced its earnings results on Tuesday, February 25th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.09). The firm had revenue of $404.00 million for the quarter, compared to analyst estimates of $413.18 million. Krispy Kreme had a return on equity of 0.53% and a net margin of 1.64%. The firm’s revenue was down 10.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.09 EPS. Equities analysts predict that Krispy Kreme, Inc. will post 0.07 earnings per share for the current year.

Krispy Kreme Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 7th. Investors of record on Wednesday, April 23rd will be paid a $0.035 dividend. The ex-dividend date is Wednesday, April 23rd. This represents a $0.14 annualized dividend and a yield of 3.17%. Krispy Kreme’s payout ratio is currently 700.00%.

Analysts Set New Price Targets

DNUT has been the subject of several recent research reports. Piper Sandler dropped their target price on shares of Krispy Kreme from $18.00 to $12.00 and set an “overweight” rating for the company in a report on Wednesday, February 26th. Truist Financial reiterated a “buy” rating and issued a $12.00 price target (down from $15.00) on shares of Krispy Kreme in a research report on Wednesday, February 26th. Finally, Morgan Stanley downgraded Krispy Kreme from an “equal weight” rating to an “underweight” rating and cut their price objective for the stock from $12.00 to $6.00 in a research report on Wednesday, February 26th. One analyst has rated the stock with a sell rating, one has given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $12.29.

About Krispy Kreme

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.