Blueshift Asset Management LLC Takes Position in Krispy Kreme, Inc. (NASDAQ:DNUT)

Blueshift Asset Management LLC acquired a new stake in shares of Krispy Kreme, Inc. (NASDAQ:DNUT) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 32,418 shares of the company’s stock, valued at approximately $348,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in DNUT. Vanguard Group Inc. increased its position in shares of Krispy Kreme by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 8,548,548 shares of the company’s stock valued at $130,237,000 after purchasing an additional 67,130 shares during the last quarter. Banco Santander S.A. increased its holdings in Krispy Kreme by 0.3% during the third quarter. Banco Santander S.A. now owns 6,916,972 shares of the company’s stock valued at $74,288,000 after buying an additional 21,723 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Krispy Kreme by 38.1% in the second quarter. Dimensional Fund Advisors LP now owns 3,779,882 shares of the company’s stock worth $40,670,000 after acquiring an additional 1,042,345 shares during the period. Millennium Management LLC boosted its stake in shares of Krispy Kreme by 136.7% during the 2nd quarter. Millennium Management LLC now owns 3,500,855 shares of the company’s stock worth $37,669,000 after acquiring an additional 2,021,974 shares during the last quarter. Finally, Samlyn Capital LLC grew its position in shares of Krispy Kreme by 120.5% during the 2nd quarter. Samlyn Capital LLC now owns 2,230,176 shares of the company’s stock valued at $23,997,000 after acquiring an additional 1,218,699 shares during the period. Hedge funds and other institutional investors own 81.72% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on DNUT. JPMorgan Chase & Co. lowered their target price on Krispy Kreme from $14.00 to $13.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 12th. Morgan Stanley initiated coverage on Krispy Kreme in a research note on Tuesday, November 5th. They set an “equal weight” rating and a $14.00 price objective for the company. Evercore ISI restated an “in-line” rating and set a $13.00 target price on shares of Krispy Kreme in a research note on Tuesday, August 27th. Finally, Bank of America lifted their price target on shares of Krispy Kreme from $15.00 to $16.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Four investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $15.56.

Krispy Kreme Stock Up 0.6 %

DNUT opened at $10.99 on Friday. Krispy Kreme, Inc. has a 52 week low of $9.18 and a 52 week high of $17.84. The company has a quick ratio of 0.28, a current ratio of 0.35 and a debt-to-equity ratio of 0.67. The firm has a 50-day simple moving average of $11.26 and a two-hundred day simple moving average of $11.07. The company has a market capitalization of $1.87 billion, a PE ratio of 64.65, a price-to-earnings-growth ratio of 4.67 and a beta of 1.39.

Krispy Kreme Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 6th. Investors of record on Wednesday, October 23rd were issued a $0.035 dividend. This represents a $0.14 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date of this dividend was Wednesday, October 23rd. Krispy Kreme’s dividend payout ratio (DPR) is presently 82.35%.

About Krispy Kreme

Krispy Kreme, Inc, together with its subsidiaries, produces doughnuts in the United States, the United Kingdom, Ireland, Australia, New Zealand, Mexico, Canada, Japan, and internationally. The company operates through three segments: U.S., International, and Market Development. The company offers doughnut experiences through hot light theater and fresh shops, delivered fresh daily branded cabinets and merchandising units within grocery and convenience stores, quick service restaurants, club memberships, drug stores, and ecommerce, as well as through its branded sweet treat line comprising Krispy Kreme branded sweet treats.