Divisadero Street Capital Management LP Has $4.22 Million Holdings in Krispy Kreme, Inc. $DNUT

Divisadero Street Capital Management LP lifted its position in Krispy Kreme, Inc. (NASDAQ:DNUT) by 117.9% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 1,089,341 shares of the company’s stock after acquiring an additional 589,341 shares during the period. Divisadero Street Capital Management LP’s holdings in Krispy Kreme were worth $4,216,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Prudential Financial Inc. acquired a new stake in Krispy Kreme in the second quarter valued at $32,000. Russell Investments Group Ltd. increased its stake in shares of Krispy Kreme by 1,229.5% during the 3rd quarter. Russell Investments Group Ltd. now owns 8,469 shares of the company’s stock worth $33,000 after purchasing an additional 7,832 shares during the last quarter. Captrust Financial Advisors bought a new stake in shares of Krispy Kreme in the 2nd quarter valued at about $34,000. Raymond James Financial Inc. acquired a new stake in Krispy Kreme in the 2nd quarter valued at about $37,000. Finally, Bank of Montreal Can acquired a new stake in Krispy Kreme in the 2nd quarter valued at about $38,000. 81.72% of the stock is owned by institutional investors.

Krispy Kreme Trading Up 1.9%

Shares of NASDAQ:DNUT opened at $3.27 on Monday. The business’s 50 day simple moving average is $3.43 and its 200 day simple moving average is $3.67. Krispy Kreme, Inc. has a 1 year low of $2.50 and a 1 year high of $5.74. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.38 and a quick ratio of 0.32. The company has a market capitalization of $563.09 million, a P/E ratio of -1.08 and a beta of 1.27.

Krispy Kreme (NASDAQ:DNUT) last announced its quarterly earnings data on Thursday, February 26th. The company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.06. The firm had revenue of $392.37 million during the quarter, compared to analysts’ expectations of $386.72 million. Krispy Kreme had a negative return on equity of 3.66% and a negative net margin of 33.87%.The company’s quarterly revenue was down 2.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.01 EPS. On average, research analysts anticipate that Krispy Kreme, Inc. will post 0.07 EPS for the current fiscal year.

Analyst Ratings Changes

DNUT has been the subject of a number of research analyst reports. Zacks Research upgraded Krispy Kreme from a “strong sell” rating to a “hold” rating in a report on Monday, December 22nd. Wall Street Zen raised Krispy Kreme from a “sell” rating to a “hold” rating in a report on Sunday, February 22nd. Morgan Stanley reiterated an “underweight” rating and set a $3.00 price objective on shares of Krispy Kreme in a research report on Tuesday, January 20th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Krispy Kreme in a report on Monday, December 29th. Two investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce” and an average target price of $4.52.

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.