Krispy Kreme, Inc. (NASDAQ:DNUT – Get Free Report) Director Michael J. Tattersfield sold 100,000 shares of the firm’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $12.82, for a total value 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 sale was disclosed in a document filed with the SEC, which is available through the SEC website.
Krispy Kreme Price Performance
DNUT opened at $11.97 on Thursday. The stock has a 50-day moving average price of $13.35 and a 200-day moving average price of $13.28. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.33 and a quick ratio of 0.26. Krispy Kreme, Inc. has a 1 year low of $11.52 and a 1 year high of $16.22. The firm has a market cap of $2.02 billion, a PE ratio of -54.41, a P/E/G ratio of 4.66 and a beta of 1.43.
Krispy Kreme (NASDAQ:DNUT – Get Free Report) last released its earnings results on Tuesday, February 13th. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.04). Krispy Kreme had a positive return on equity of 2.02% and a negative net margin of 2.25%. The business had revenue of $450.90 million for the quarter, compared to the consensus estimate of $438.95 million. During the same quarter last year, the business posted $0.11 earnings per share. The firm’s revenue for the quarter was up 11.4% compared to the same quarter last year. Sell-side analysts predict that Krispy Kreme, Inc. will post 0.17 earnings per share for the current fiscal year.
Krispy Kreme Announces Dividend
Analyst Ratings Changes
A number of equities research analysts have commented on DNUT shares. Capital One Financial started coverage on Krispy Kreme in a research note on Monday, January 22nd. They issued an “equal weight” rating and a $16.00 price objective for the company. JPMorgan Chase & Co. lowered shares of Krispy Kreme from an “overweight” rating to a “neutral” rating and set a $13.00 price target for the company. in a research note on Monday, November 20th. Seven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $15.61.
Check Out Our Latest Analysis on DNUT
Institutional Trading of Krispy Kreme
A number of institutional investors and hedge funds have recently made changes to their positions in DNUT. Vanguard Group Inc. lifted its holdings in Krispy Kreme by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 8,481,418 shares of the company’s stock valued at $127,985,000 after purchasing an additional 58,222 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in Krispy Kreme by 23.7% in the 4th quarter. Goldman Sachs Group Inc. now owns 121,086 shares of the company’s stock valued at $1,827,000 after buying an additional 23,179 shares during the period. GSA Capital Partners LLP increased its position in shares of Krispy Kreme by 187.7% during the fourth quarter. GSA Capital Partners LLP now owns 32,338 shares of the company’s stock valued at $488,000 after acquiring an additional 21,099 shares during the last quarter. Barclays PLC increased its holdings in Krispy Kreme by 364.5% in the 4th quarter. Barclays PLC now owns 135,341 shares of the company’s stock valued at $2,043,000 after purchasing an additional 106,207 shares during the last quarter. Finally, Nuveen Asset Management LLC increased its holdings in Krispy Kreme by 1.1% in the 4th quarter. Nuveen Asset Management LLC now owns 230,569 shares of the company’s stock valued at $3,479,000 after purchasing an additional 2,464 shares during the last quarter. 78.07% of the stock is currently owned by hedge funds and other institutional investors.
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.
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