T. Rowe became the top shareholder in September when it bought 7.1 million shares as part of its initial stake in the company.
The ownership stake is more than twice that of the next largest declared investors,
Analysts said the recent 41 percent pullback in Krispy Kreme's share price may have been the impetus for T. Rowe's purchase. The share price tumbled after the company's second- and third-quarter earnings performances failed to meet lofty analyst and investor expectations.
The share price hit a 52-week high of
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