Cooper Creek Partners Management buys $11.5 Million stake in Krispy Kreme Doughnuts (KKD)

Krispy Kreme Doughnuts (KKD) : Cooper Creek Partners Management scooped up 104,793 additional shares in Krispy Kreme Doughnuts during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 545,009 shares of Krispy Kreme Doughnuts which is valued at $11.5 Million.Krispy Kreme Doughnuts makes up approximately 9.69% of Cooper Creek Partners Management’s portfolio.

Other Hedge Funds, Including , Citadel Advisors reduced its stake in KKD by selling 28,399 shares or 11.23% in the most recent quarter. The Hedge Fund company now holds 224,411 shares of KKD which is valued at $4.7 Million. Krispy Kreme Doughnuts makes up approx 0.01% of Citadel Advisors’s portfolio.Ubs Asset Management Americas Inc reduced its stake in KKD by selling 3,100 shares or 7.6% in the most recent quarter. The Hedge Fund company now holds 37,698 shares of KKD which is valued at $796,936.Trexquant Investment Lp boosted its stake in KKD in the latest quarter, The investment management firm added 9,325 additional shares and now holds a total of 52,921 shares of Krispy Kreme Doughnuts which is valued at $1.1 Million. Krispy Kreme Doughnuts makes up approx 0.13% of Trexquant Investment Lp’s portfolio.Jefferies Group reduced its stake in KKD by selling 5,602 shares or 25.19% in the most recent quarter. The Hedge Fund company now holds 16,640 shares of KKD which is valued at $351,770. Krispy Kreme Doughnuts makes up approx 0.01% of Jefferies Group’s portfolio.Stephens Investment Management Group reduced its stake in KKD by selling 115,535 shares or 5.97% in the most recent quarter. The Hedge Fund company now holds 1,818,663 shares of KKD which is valued at $30.7 Million. Krispy Kreme Doughnuts makes up approx 1.07% of Stephens Investment Management Group’s portfolio.

Krispy Kreme Doughnuts closed down -0.07 points or -0.32% at $21.47 with 7,94,896 shares getting traded on Wednesday. Post opening the session at $21.52, the shares hit an intraday low of $21.4 and an intraday high of $21.75 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

On the company’s financial health, Krispy Kreme Doughnuts reported $0.22 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Mar 22, 2016. Analyst had a consensus of $0.21. The company had revenue of $130.40 million for the quarter, compared to analysts expectations of $131.83 million. The company’s revenue was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.17 EPS.

Many Wall Street Analysts have commented on Krispy Kreme Doughnuts. Krispy Kreme Doughnuts was Downgraded by Longbow to ” Neutral” on May 10, 2016. Shares were Reiterated by Wedbush on Mar 23, 2016 to “Outperform” and Lowered the Price Target to $ 21 from a previous price target of $22 .

Krispy Kreme Doughnuts Inc. is a retailer and wholesaler of doughnuts complementary beverages and treats and packaged sweets. The Company’s principal business is owning and franchising Krispy Kreme stores at which a variety of doughnuts including the Company’s Original Glazed doughnut are sold and distributed together with complementary products and where an array of coffees and other beverages are offered. The Company has four business segments: Company Stores Domestic Franchise International Franchise and KK Supply Chain. The Company’s shops offer 16 or more doughnut varieties. The Company offers doughnuts of several varieties such as yeast-raised doughnuts cake doughnuts and crullers. In addition it offers a number of products through wholesale channels including Danishes honeybuns fruit pies mini-crullers and chocolate products packaged as individually wrapped snacks or packaged in snack bags.

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