UBS Group AG decreased its position in Krispy Kreme, Inc. (NASDAQ:DNUT – Free Report) by 47.1% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 625,724 shares of the company’s stock after selling 558,197 shares during the period. UBS Group AG’s holdings in Krispy Kreme were worth $2,515,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently made changes to their positions in DNUT. Prudential Financial Inc. acquired a new position in shares of Krispy Kreme in the 2nd quarter valued at $32,000. Russell Investments Group Ltd. grew 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 buying an additional 7,832 shares during the period. Captrust Financial Advisors bought a new stake in Krispy Kreme in the 2nd quarter valued at $34,000. Raymond James Financial Inc. bought a new stake in Krispy Kreme in the 2nd quarter valued at $37,000. Finally, FNY Investment Advisers LLC bought a new stake in Krispy Kreme in the 4th quarter valued at $40,000. Institutional investors and hedge funds own 81.72% of the company’s stock.
Krispy Kreme Trading Up 3.1%
Shares of NASDAQ:DNUT opened at $3.37 on Wednesday. The company’s 50-day moving average price is $3.49 and its two-hundred day moving average price is $3.67. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.42 and a quick ratio of 0.36. Krispy Kreme, Inc. has a one year low of $2.50 and a one year high of $5.73. The stock has a market capitalization of $580.99 million, a PE ratio of -1.13 and a beta of 1.32.
Key Krispy Kreme News
Here are the key news stories impacting Krispy Kreme this week:
- Positive Sentiment: Krispy Kreme launched a limited-edition He-Man / Masters of the Universe doughnut lineup, a promotional partnership that could support store traffic and brand visibility. Krispy Kreme Announces New Lineup Inspired by Upcoming He-Man Movie
- Positive Sentiment: Additional coverage of the new movie-themed doughnuts reinforces the promotional push and may help keep investor attention on sales-driving marketing activity. Krispy Kreme Launches Limited-Edition He-Man Doughnuts Inspired by New Movie
- Positive Sentiment: The Masters of the Universe doughnut collection may provide a near-term merchandising lift if the tie-in resonates with customers and supports incremental purchases. Krispy Kreme Debuts New “Masters of the Universe ”Doughnut Collection — See All 3 Flavors
- Neutral Sentiment: Several outlets reported details on a $1.6 million class-action settlement, including eligibility and claim deadlines, which keeps legal issues in the spotlight but does not appear large enough to materially change the company’s financial outlook. Krispy Kreme $1.6 Million Settlement: Americans Get June Deadline To Apply
- Negative Sentiment: The class-action payout tied to a data breach is a reputational and legal overhang, even though the settlement size is modest relative to Krispy Kreme’s overall valuation. Krispy Kreme customers may be eligible for a $3,500 class action payout after massive data breach
Analyst Ratings Changes
Several equities research analysts recently commented on the stock. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Krispy Kreme in a research report on Friday, March 27th. Capital One Financial raised shares of Krispy Kreme from an “equal weight” rating to an “overweight” rating and set a $6.00 price objective on the stock in a research report on Thursday, March 26th. Zacks Research cut shares of Krispy Kreme from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 15th. Finally, Wall Street Zen raised shares of Krispy Kreme from a “sell” rating to a “hold” rating in a research report on Sunday, May 17th. Three investment analysts have rated the stock with a Buy rating, two have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $4.63.
View Our Latest Report on Krispy Kreme
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.
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