158,632 Shares in Krispy Kreme, Inc. $DNUT Bought by Ieq Capital LLC

Ieq Capital LLC purchased a new position in shares of Krispy Kreme, Inc. (NASDAQ:DNUT) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 158,632 shares of the company’s stock, valued at approximately $560,000. Ieq Capital LLC owned approximately 0.09% of Krispy Kreme at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in DNUT. Deutsche Bank AG grew its position in shares of Krispy Kreme by 4.5% in the 4th quarter. Deutsche Bank AG now owns 83,611 shares of the company’s stock valued at $336,000 after acquiring an additional 3,638 shares during the period. Allworth Financial LP bought a new stake in shares of Krispy Kreme in the 2nd quarter valued at about $25,000. Russell Investments Group Ltd. raised its holdings in shares of Krispy Kreme by 1,229.5% in the 3rd quarter. Russell Investments Group Ltd. now owns 8,469 shares of the company’s stock valued at $33,000 after purchasing an additional 7,832 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in Krispy Kreme by 21.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 47,672 shares of the company’s stock valued at $192,000 after purchasing an additional 8,351 shares during the last quarter. Finally, Raymond James Financial Inc. lifted its stake in Krispy Kreme by 69.1% in the 3rd quarter. Raymond James Financial Inc. now owns 21,287 shares of the company’s stock valued at $82,000 after purchasing an additional 8,701 shares during the last quarter. Institutional investors and hedge funds own 81.72% of the company’s stock.

Insiders Place Their Bets

In other news, Director Bernardo Hees purchased 25,002 shares of the company’s stock in a transaction that occurred on Friday, June 5th. The stock was acquired at an average cost of $3.49 per share, with a total value of $87,256.98. Following the acquisition, the director owned 1,574,635 shares in the company, valued at approximately $5,495,476.15. This trade represents a 1.61% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last ninety days, insiders purchased 655,113 shares of company stock worth $2,205,191. Company insiders own 1.60% of the company’s stock.

Krispy Kreme Stock Up 1.5%

Shares of DNUT opened at $3.47 on Friday. Krispy Kreme, Inc. has a 52 week low of $2.88 and a 52 week high of $5.11. The firm has a market cap of $598.23 million, a P/E ratio of -6.20 and a beta of 1.27. The firm’s 50-day simple moving average is $3.36 and its 200 day simple moving average is $3.42. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.29 and a current ratio of 0.36.

Krispy Kreme (NASDAQ:DNUT) last issued its quarterly earnings data on Thursday, August 6th. The company reported ($0.03) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.03). Krispy Kreme had a negative net margin of 6.16% and a negative return on equity of 1.17%. The firm had revenue of $331.00 million during the quarter, compared to the consensus estimate of $303.35 million. During the same period last year, the business posted ($0.15) earnings per share. The business’s revenue for the quarter was down 12.8% compared to the same quarter last year. On average, analysts forecast that Krispy Kreme, Inc. will post -0.07 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Wall Street Zen downgraded Krispy Kreme from a “hold” rating to a “sell” rating in a research report on Saturday, August 8th. Weiss Ratings raised Krispy Kreme from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday. Evercore set a $4.00 target price on Krispy Kreme in a research note on Friday, August 7th. Finally, Zacks Research lowered Krispy Kreme from a “hold” rating to a “strong sell” rating in a report on Thursday, August 6th. Two research analysts have rated the stock with a Buy rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, Krispy Kreme presently has an average rating of “Reduce” and an average price target of $4.33.

Krispy Kreme Company Profile

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.