Envestnet Asset Management Inc. Increases Stock Position in Krispy Kreme, Inc. (NASDAQ:DNUT)

Envestnet Asset Management Inc. grew its stake in shares of Krispy Kreme, Inc. (NASDAQ:DNUTGet Rating) by 2.5% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 98,228 shares of the company’s stock after buying an additional 2,401 shares during the period. Envestnet Asset Management Inc. owned 0.06% of Krispy Kreme worth $1,336,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Brinker Capital Investments LLC grew its stake in shares of Krispy Kreme by 2.2% during the 2nd quarter. Brinker Capital Investments LLC now owns 41,000 shares of the company’s stock valued at $558,000 after buying an additional 869 shares during the period. Teacher Retirement System of Texas grew its stake in shares of Krispy Kreme by 6.2% during the 1st quarter. Teacher Retirement System of Texas now owns 15,481 shares of the company’s stock valued at $230,000 after buying an additional 908 shares during the period. US Bancorp DE purchased a new stake in shares of Krispy Kreme during the 1st quarter valued at $30,000. Advisor Group Holdings Inc. grew its stake in shares of Krispy Kreme by 178.8% during the 1st quarter. Advisor Group Holdings Inc. now owns 4,330 shares of the company’s stock valued at $65,000 after buying an additional 2,777 shares during the period. Finally, Ameritas Investment Partners Inc. grew its stake in shares of Krispy Kreme by 292.0% during the 1st quarter. Ameritas Investment Partners Inc. now owns 6,602 shares of the company’s stock valued at $98,000 after buying an additional 4,918 shares during the period. 76.51% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently weighed in on DNUT. Citigroup set a $15.00 target price on shares of Krispy Kreme in a report on Wednesday, November 16th. CL King lifted their target price on shares of Krispy Kreme from $17.00 to $18.00 in a report on Wednesday, November 16th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Krispy Kreme from $14.00 to $15.00 in a report on Wednesday, November 16th. The Goldman Sachs Group reduced their target price on shares of Krispy Kreme from $14.00 to $12.00 and set a “sell” rating on the stock in a report on Thursday, August 18th. Finally, Morgan Stanley reduced their target price on shares of Krispy Kreme from $16.00 to $15.00 and set an “overweight” rating on the stock in a report on Tuesday, October 11th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $16.14.

Krispy Kreme Stock Performance

Shares of DNUT stock opened at $15.61 on Tuesday. Krispy Kreme, Inc. has a 12 month low of $11.25 and a 12 month high of $19.55. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.34 and a quick ratio of 0.25. The firm has a market capitalization of $2.61 billion, a P/E ratio of -222.97, a P/E/G ratio of 4.50 and a beta of 1.41. The company’s fifty day moving average price is $13.19 and its two-hundred day moving average price is $13.47.

Krispy Kreme Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 9th. Stockholders of record on Wednesday, October 26th were paid a $0.035 dividend. The ex-dividend date of this dividend was Tuesday, October 25th. This represents a $0.14 dividend on an annualized basis and a dividend yield of 0.90%. Krispy Kreme’s dividend payout ratio (DPR) is presently -199.97%.

Krispy Kreme Company Profile

(Get Rating)

Krispy Kreme, Inc, together with its subsidiaries, operates through an omni-channel business model to provide doughnut experiences and produce doughnuts. The company operates through three segments: U.S. and Canada, International, and Market Development. It also produces cookies, brownies, cookie cakes, ice cream, cookie-wiches, and cold milk, as well as doughnut mixes, other ingredients, and doughnut-making equipment.

See Also

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Institutional Ownership by Quarter for Krispy Kreme (NASDAQ:DNUT)

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