Barrow Hanley Mewhinney & Strauss LLC Acquires New Stake in Krispy Kreme, Inc. (NASDAQ:DNUT)

Barrow Hanley Mewhinney & Strauss LLC bought a new position in Krispy Kreme, Inc. (NASDAQ:DNUT) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,066,540 shares of the company’s stock, valued at approximately $10,591,000. Barrow Hanley Mewhinney & Strauss LLC owned about 0.63% of Krispy Kreme as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in DNUT. Point72 DIFC Ltd purchased a new position in Krispy Kreme during the third quarter valued at $51,000. Central Pacific Bank Trust Division purchased a new position in shares of Krispy Kreme during the 4th quarter valued at about $71,000. First Hawaiian Bank bought a new position in shares of Krispy Kreme during the 4th quarter valued at approximately $111,000. Franklin Resources Inc. increased its holdings in Krispy Kreme by 30.7% in the 3rd quarter. Franklin Resources Inc. now owns 14,467 shares of the company’s stock worth $158,000 after acquiring an additional 3,395 shares in the last quarter. Finally, KLP Kapitalforvaltning AS bought a new stake in Krispy Kreme during the 4th quarter worth approximately $193,000. 81.72% of the stock is currently owned by institutional investors.

Krispy Kreme Stock Performance

Shares of NASDAQ DNUT opened at $5.00 on Monday. The company has a market cap of $851.50 million, a P/E ratio of 29.41, a P/E/G ratio of 3.24 and a beta of 1.40. Krispy Kreme, Inc. has a 52-week low of $4.96 and a 52-week high of $16.05. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.28 and a current ratio of 0.35. The firm’s fifty day moving average is $7.38 and its two-hundred day moving average is $9.54.

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

Krispy Kreme Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 7th. Investors of record on Wednesday, April 23rd will be given a $0.035 dividend. This represents a $0.14 annualized dividend and a yield of 2.80%. The ex-dividend date of this dividend is Wednesday, April 23rd. Krispy Kreme’s dividend payout ratio is presently 700.00%.

Analyst Ratings Changes

A number of equities analysts have weighed in on DNUT shares. 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. Piper Sandler cut their price target on Krispy Kreme from $18.00 to $12.00 and set an “overweight” rating for the company in a research note on Wednesday, February 26th. Finally, Morgan Stanley cut Krispy Kreme from an “equal weight” rating to an “underweight” rating and decreased their price target for the company from $12.00 to $6.00 in a report on Wednesday, February 26th. One analyst has rated the stock with a sell rating, one has issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock 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.