Dynamic Technology Lab Private Ltd Acquires New Shares in Krispy Kreme, Inc. (NASDAQ:DNUT)

Dynamic Technology Lab Private Ltd bought a new position in shares of Krispy Kreme, Inc. (NASDAQ:DNUT) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm bought 27,100 shares of the company’s stock, valued at approximately $291,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in DNUT. Blue Trust Inc. acquired a new stake in Krispy Kreme in the 2nd quarter valued at approximately $68,000. nVerses Capital LLC bought a new stake in Krispy Kreme during the third quarter worth $124,000. Tidal Investments LLC acquired a new stake in Krispy Kreme in the 1st quarter valued at about $154,000. American Century Companies Inc. acquired a new stake in shares of Krispy Kreme in the second quarter valued at approximately $185,000. Finally, Sei Investments Co. acquired a new stake in Krispy Kreme during the 2nd quarter valued at $198,000. 81.72% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently issued reports on DNUT. Morgan Stanley started coverage on Krispy Kreme in a report on Tuesday, November 5th. They set an “equal weight” rating and a $14.00 price objective for the company. Bank of America increased their price objective on shares of Krispy Kreme from $15.00 to $16.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. JPMorgan Chase & Co. decreased their price objective on shares of Krispy Kreme from $14.00 to $13.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 12th. Finally, 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. Four analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $15.56.

Krispy Kreme Trading Up 0.3 %

Shares of DNUT stock opened at $11.02 on Monday. Krispy Kreme, Inc. has a twelve month low of $9.18 and a twelve month high of $17.84. The stock’s fifty day simple moving average is $11.21 and its 200 day simple moving average is $11.06. 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 market capitalization of $1.87 billion, a P/E ratio of 64.82, a P/E/G ratio of 4.63 and a beta of 1.39.

Krispy Kreme Dividend Announcement

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

Krispy Kreme Company Profile

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.