Tower Research Capital LLC TRC increased its stake in Krispy Kreme, Inc. (NASDAQ:DNUT – Get Rating) by 101.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,011 shares of the company’s stock after purchasing an additional 9,558 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Krispy Kreme were worth $219,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds also recently bought and sold shares of the company. Brinker Capital Investments LLC lifted its position in shares of Krispy Kreme by 1.7% in the 3rd quarter. Brinker Capital Investments LLC now owns 41,699 shares of the company’s stock valued at $481,000 after acquiring an additional 699 shares in the last quarter. UBS Group AG boosted its holdings in shares of Krispy Kreme by 28.3% during the second quarter. UBS Group AG now owns 3,672 shares of the company’s stock worth $50,000 after purchasing an additional 810 shares during the period. First Republic Investment Management Inc. grew its position in Krispy Kreme by 8.1% during the third quarter. First Republic Investment Management Inc. now owns 12,844 shares of the company’s stock valued at $148,000 after purchasing an additional 965 shares in the last quarter. JPMorgan Chase & Co. lifted its position in Krispy Kreme by 2.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 50,095 shares of the company’s stock worth $681,000 after buying an additional 1,351 shares in the last quarter. Finally, US Bancorp DE purchased a new stake in shares of Krispy Kreme during the first quarter worth $30,000. 75.03% of the stock is owned by hedge funds and other institutional investors.
Krispy Kreme Price Performance
Krispy Kreme stock opened at $13.50 on Monday. Krispy Kreme, Inc. has a one year low of $10.21 and a one year high of $16.06. The stock’s fifty day moving average price is $12.01 and its two-hundred day moving average price is $12.79. 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 cap of $2.26 billion, a PE ratio of -135.00, a price-to-earnings-growth ratio of 2.51 and a beta of 1.67.
Krispy Kreme Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 10th. Shareholders of record on Wednesday, April 26th will be paid a $0.035 dividend. This represents a $0.14 annualized dividend and a yield of 1.04%. The ex-dividend date is Tuesday, April 25th. Krispy Kreme’s dividend payout ratio (DPR) is presently -140.00%.
Analyst Ratings Changes
A number of equities analysts have recently commented on DNUT shares. HSBC dropped their price objective on Krispy Kreme from $15.00 to $14.00 and set a “hold” rating on the stock in a research note on Tuesday, February 14th. CL King increased their price target on shares of Krispy Kreme from $17.00 to $18.00 in a research report on Wednesday, November 16th. Morgan Stanley downgraded shares of Krispy Kreme from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $15.00 to $13.00 in a research note on Tuesday, January 17th. Citigroup dropped their price target on Krispy Kreme from $15.00 to $14.00 and set a “neutral” rating for the company in a report on Thursday, February 16th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on shares of Krispy Kreme from $15.00 to $13.00 in a research report on Tuesday, December 20th.
Krispy Kreme Company Profile
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.
- Get a free copy of the StockNews.com research report on Krispy Kreme (DNUT)
- MarketBeat Week in Review – 2/27 – 3/3
- The 3 Most Upgraded Stocks Are Reversing
- How to Find Blue Chip Dividend Stocks
- Zscaler, Inc Plummets, Is It Time To Buy The Dip?
- What is a Good Dividend Yield? How to Decide
Want to see what other hedge funds are holding DNUT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Krispy Kreme, Inc. (NASDAQ:DNUT – Get Rating).
Receive News & Ratings for Krispy Kreme Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Krispy Kreme and related companies with MarketBeat.com's FREE daily email newsletter.