Krispy KremeDNUT
About: Krispy Kreme Inc is a sweet treat brands company. The company's Original Glazed doughnut is recognized for its hot-off-the-line, melt-in- your-mouth experience. It operates through its network of fresh Doughnut Shops, partnerships with retailers, and a growing ecommerce and delivery business. The company conducts its business through the following three reported segments namely U.S., includes all operations in the U.S. and Canada, Insomnia Cookies shops, and the Branded Sweet Treat Line; International includes operations in the U.K., Ireland, Australia, New Zealand, and Mexico; and Market Development includes franchise operations across the globe, as well as operations in Japan. It derives maximum revenue from U.S. Segment.
Employees: 22,800
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
42% more repeat investments, than reductions
Existing positions increased: 47 | Existing positions reduced: 33
41% more call options, than puts
Call options by funds: $12.7M | Put options by funds: $8.96M
6.74% more ownership
Funds ownership: 38.1% [Q1] → 44.84% (+6.74%) [Q2]
3% less funds holding
Funds holding: 147 [Q1] → 143 (-4) [Q2]
10% less first-time investments, than exits
New positions opened: 36 | Existing positions closed: 40
17% less capital invested
Capital invested by funds: $977M [Q1] → $813M (-$164M) [Q2]
75% less funds holding in top 10
Funds holding in top 10: 4 [Q1] → 1 (-3) [Q2]
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
2 analyst ratings
Evercore ISI Group David Palmer 75% 1-year accuracy 15 / 20 met price target | 13%upside $13 | In-Line Reinstated | 27 Aug 2024 |
HSBC Sorabh Daga 33% 1-year accuracy 1 / 3 met price target | 22%upside $14 | Buy Upgraded | 23 Jul 2024 |