Signaturefd LLC Boosts Holdings in Krispy Kreme, Inc. (NASDAQ:DNUT)

Signaturefd LLC raised its holdings in shares of Krispy Kreme, Inc. (NASDAQ:DNUT) by 21.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 50,109 shares of the company’s stock after purchasing an additional 8,710 shares during the quarter. Signaturefd LLC’s holdings in Krispy Kreme were worth $539,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Blue Trust Inc. purchased a new position in shares of Krispy Kreme during the second quarter worth approximately $68,000. Tidal Investments LLC bought a new stake in Krispy Kreme during the 1st quarter valued at $154,000. Victory Capital Management Inc. purchased a new stake in shares of Krispy Kreme in the 4th quarter worth $157,000. Armistice Capital LLC bought a new position in shares of Krispy Kreme during the 4th quarter worth $170,000. Finally, Sciencast Management LP purchased a new position in shares of Krispy Kreme during the first quarter valued at $223,000. Institutional investors own 81.72% of the company’s stock.

Krispy Kreme Trading Up 1.9 %

Krispy Kreme stock opened at $11.27 on Friday. The stock has a 50-day moving average price of $10.59 and a 200 day moving average price of $11.96. The company has a market capitalization of $1.90 billion, a price-to-earnings ratio of -41.74, a price-to-earnings-growth ratio of 1.96 and a beta of 1.41. Krispy Kreme, Inc. has a 52 week low of $9.18 and a 52 week high of $17.84. The company has a quick ratio of 0.27, a current ratio of 0.36 and a debt-to-equity ratio of 0.71.

Krispy Kreme (NASDAQ:DNUT) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.05 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.05. The business had revenue of $438.80 million during the quarter, compared to analysts’ expectations of $435.43 million. Krispy Kreme had a positive return on equity of 1.40% and a negative net margin of 2.70%. The company’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.04 EPS. Sell-side analysts anticipate that Krispy Kreme, Inc. will post 0.14 EPS for the current year.

Analyst Upgrades and Downgrades

DNUT has been the topic of several recent research reports. HSBC upgraded shares of Krispy Kreme from a “hold” rating to a “buy” rating and set a $14.00 target price on the stock in a report on Tuesday, July 23rd. Hsbc Global Res raised shares of Krispy Kreme from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 23rd. JPMorgan Chase & Co. initiated coverage on Krispy Kreme in a report on Monday, June 3rd. They set an “overweight” rating and a $14.00 target price for the company. Evercore ISI reiterated an “in-line” rating and issued a $13.00 price target on shares of Krispy Kreme in a report on Tuesday. Finally, Truist Financial upgraded shares of Krispy Kreme from a “hold” rating to a “buy” rating and raised their target price for the company from $13.00 to $15.00 in a research note on Monday, June 10th. Three equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Krispy Kreme presently has an average rating of “Moderate Buy” and a consensus target price of $15.88.

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.