Barrow Hanley Mewhinney & Strauss LLC Takes $10.59 Million Position in Krispy Kreme, Inc. (NASDAQ:DNUT)

Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in shares of Krispy Kreme, Inc. (NASDAQ:DNUT) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 1,066,540 shares of the company’s stock, valued at approximately $10,591,000.

Other hedge funds have also bought and sold shares of the company. Point72 DIFC Ltd purchased a new position in shares of Krispy Kreme during the 3rd quarter worth about $51,000. Central Pacific Bank Trust Division bought a new stake in Krispy Kreme in the fourth quarter worth about $71,000. First Hawaiian Bank purchased a new position in shares of Krispy Kreme during the fourth quarter valued at approximately $111,000. Franklin Resources Inc. grew its stake in shares of Krispy Kreme by 30.7% during the third quarter. Franklin Resources Inc. now owns 14,467 shares of the company’s stock valued at $158,000 after buying an additional 3,395 shares during the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new stake in shares of Krispy Kreme in the fourth quarter worth approximately $193,000. Institutional investors own 81.72% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Piper Sandler dropped their price objective on Krispy Kreme from $18.00 to $12.00 and set an “overweight” rating for the company in a report on Wednesday, February 26th. Truist Financial reissued a “buy” rating and set a $12.00 target price (down from $15.00) on shares of Krispy Kreme in a research note on Wednesday, February 26th. Finally, Morgan Stanley downgraded shares of Krispy Kreme from an “equal weight” rating to an “underweight” rating and reduced their price target for the stock from $12.00 to $6.00 in a research note on Wednesday, February 26th. One research analyst has rated the stock with a sell rating, one has given a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Krispy Kreme presently has an average rating of “Moderate Buy” and an average price target of $12.29.

Krispy Kreme Price Performance

DNUT opened at $5.00 on Monday. The company has a current ratio of 0.35, a quick ratio of 0.28 and a debt-to-equity ratio of 0.67. The business’s fifty day simple moving average is $7.38 and its 200-day simple moving average is $9.54. The company has a market capitalization of $851.50 million, a price-to-earnings ratio of 29.41, a PEG ratio of 3.24 and a beta of 1.40. Krispy Kreme, Inc. has a 12-month low of $4.96 and a 12-month high of $16.05.

Krispy Kreme (NASDAQ:DNUT) last issued its quarterly earnings data 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 business had revenue of $404.00 million for the quarter, compared to analysts’ expectations of $413.18 million. Krispy Kreme had a net margin of 1.64% and a return on equity of 0.53%. The business’s quarterly revenue was down 10.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.09 earnings per share. On average, equities research analysts anticipate that Krispy Kreme, Inc. will post 0.07 earnings per share for the current fiscal year.

Krispy Kreme Announces Dividend

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

Krispy Kreme Company 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.