18,439 Shares in Krispy Kreme, Inc. (NASDAQ:DNUT) Bought by Sei Investments Co.

Sei Investments Co. bought a new position in shares of Krispy Kreme, Inc. (NASDAQ:DNUT) during the 2nd quarter, Holdings Channel.com reports. The fund bought 18,439 shares of the company’s stock, valued at approximately $198,000.

Several other large investors have also recently bought and sold shares of the business. Blue Trust Inc. purchased a new position in Krispy Kreme in the second quarter valued at about $68,000. Tidal Investments LLC acquired a new position in Krispy Kreme during the first quarter worth about $154,000. Sciencast Management LP acquired a new position in shares of Krispy Kreme in the first quarter worth $223,000. ProShare Advisors LLC lifted its stake in shares of Krispy Kreme by 8.5% during the first quarter. ProShare Advisors LLC now owns 15,739 shares of the company’s stock valued at $240,000 after buying an additional 1,239 shares during the period. Finally, Entropy Technologies LP acquired a new position in Krispy Kreme in the 1st quarter valued at $246,000. Hedge funds and other institutional investors own 81.72% of the company’s stock.

Wall Street Analysts Forecast Growth

DNUT has been the subject of a number of recent analyst reports. Bank of America dropped 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 restated an “in-line” rating and issued a $13.00 price objective on shares of Krispy Kreme in a report on Tuesday, August 27th. HSBC upgraded shares of Krispy Kreme from a “hold” rating to a “buy” rating and set a $14.00 price objective on the stock in a research note on Tuesday, July 23rd. Finally, Hsbc Global Res raised Krispy Kreme from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 23rd. Three equities research 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. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $15.88.

Krispy Kreme Trading Down 0.8 %

NASDAQ:DNUT opened at $11.03 on Friday. The stock’s 50-day moving average is $11.03 and its two-hundred day moving average is $11.68. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.34 and a quick ratio of 0.26. The stock has a market cap of $1.86 billion, a PE ratio of -40.85, a price-to-earnings-growth ratio of 3.15 and a beta of 1.41. Krispy Kreme, Inc. has a fifty-two week low of $9.18 and a fifty-two week high of $17.84.

Krispy Kreme (NASDAQ:DNUT) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.05 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.05. Krispy Kreme had a positive return on equity of 1.12% and a negative net margin of 2.98%. The business had revenue of $438.80 million for the quarter, compared to the consensus estimate of $435.43 million. During the same period last year, the business earned $0.04 EPS. The firm’s revenue was up 7.3% compared to the same quarter last year. As a group, equities research analysts forecast that Krispy Kreme, Inc. will post 0.13 earnings per share for the current fiscal year.

Krispy Kreme Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 6th. Shareholders of record on Wednesday, October 23rd will be issued a $0.035 dividend. This represents a $0.14 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date is Wednesday, October 23rd. Krispy Kreme’s dividend payout ratio (DPR) is currently -51.85%.

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.