Trustees of the University of Pennsylvania Purchases New Shares in Krispy Kreme, Inc. $DNUT

Trustees of the University of Pennsylvania purchased a new stake in Krispy Kreme, Inc. (NASDAQ:DNUT) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 2,009,111 shares of the company’s stock, valued at approximately $8,077,000. Krispy Kreme accounts for approximately 4.0% of Trustees of the University of Pennsylvania’s portfolio, making the stock its 3rd biggest holding. Trustees of the University of Pennsylvania owned 1.17% of Krispy Kreme as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Marshall Wace LLP purchased a new position in Krispy Kreme in the 3rd quarter valued at $11,704,000. Balyasny Asset Management L.P. lifted its holdings in Krispy Kreme by 419.2% in the 3rd quarter. Balyasny Asset Management L.P. now owns 2,795,546 shares of the company’s stock valued at $10,819,000 after purchasing an additional 2,257,061 shares in the last quarter. Millennium Management LLC lifted its holdings in Krispy Kreme by 522.1% in the 1st quarter. Millennium Management LLC now owns 2,093,416 shares of the company’s stock valued at $10,300,000 after purchasing an additional 1,756,932 shares in the last quarter. Divisadero Street Capital Management LP lifted its holdings in Krispy Kreme by 117.9% in the 3rd quarter. Divisadero Street Capital Management LP now owns 1,089,341 shares of the company’s stock valued at $4,216,000 after purchasing an additional 589,341 shares in the last quarter. Finally, UBS Group AG raised its holdings in shares of Krispy Kreme by 74.2% during the 3rd quarter. UBS Group AG now owns 1,183,921 shares of the company’s stock worth $4,582,000 after acquiring an additional 504,359 shares during the period. Institutional investors and hedge funds own 81.72% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on DNUT. Zacks Research lowered Krispy Kreme from a “strong-buy” rating to a “hold” rating in a report on Friday, May 15th. Wall Street Zen upgraded Krispy Kreme from a “sell” rating to a “hold” rating in a report on Sunday, May 17th. Weiss Ratings reiterated a “sell (d)” rating on shares of Krispy Kreme in a report on Friday, March 27th. Finally, Capital One Financial upgraded Krispy Kreme from an “equal weight” rating to an “overweight” rating and set a $6.00 price target on the stock in a report on Thursday, March 26th. Three analysts have rated the stock with a Buy rating, two have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $4.63.

Krispy Kreme Stock Up 0.3%

Shares of NASDAQ:DNUT opened at $3.33 on Friday. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.42 and a quick ratio of 0.36. The firm has a market capitalization of $574.09 million, a PE ratio of -1.11 and a beta of 1.32. The firm’s 50-day moving average is $3.49 and its two-hundred day moving average is $3.68. Krispy Kreme, Inc. has a 1 year low of $2.50 and a 1 year high of $5.73.

Krispy Kreme (NASDAQ:DNUT) last announced its quarterly earnings data on Thursday, May 7th. The company reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.02). Krispy Kreme had a negative return on equity of 4.34% and a negative net margin of 33.36%.The company had revenue of $367.03 million for the quarter, compared to analyst estimates of $359.42 million. During the same period in the prior year, the firm posted ($0.05) earnings per share. The business’s quarterly revenue was down 2.2% compared to the same quarter last year. Analysts predict that Krispy Kreme, Inc. will post -0.01 EPS for the current year.

About Krispy Kreme

Krispy Kreme Doughnuts, Inc (NASDAQ: DNUT) is a global retailer and wholesaler renowned for its signature Original Glazed doughnut and a variety of other sweet treats. The company operates through a combination of company-owned stores, franchise outlets and strategic partnerships with supermarkets, convenience stores and other foodservice channels. In addition to its doughnut portfolio, Krispy Kreme offers freshly brewed coffee, assorted beverages and proprietary seasonal items designed to drive traffic and foster brand loyalty.

Founded in 1937 in Winston-Salem, North Carolina, by Vernon Rudolph, Krispy Kreme has grown from a single local shop to a multinational brand.