25,845 Shares in Krispy Kreme, Inc. (NASDAQ:DNUT) Acquired by Intech Investment Management LLC

Intech Investment Management LLC acquired a new stake in Krispy Kreme, Inc. (NASDAQ:DNUT) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 25,845 shares of the company’s stock, valued at approximately $278,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Blue Trust Inc. bought a new position in shares of Krispy Kreme during the second quarter valued at $68,000. Tidal Investments LLC acquired a new stake in Krispy Kreme in the first quarter worth $154,000. nVerses Capital LLC acquired a new stake in Krispy Kreme in the third quarter worth $124,000. American Century Companies Inc. acquired a new position in shares of Krispy Kreme during the second quarter valued at about $185,000. Finally, Sei Investments Co. acquired a new position in shares of Krispy Kreme during the second quarter valued at about $198,000. Institutional investors own 81.72% of the company’s stock.

Krispy Kreme Price Performance

DNUT stock opened at $10.73 on Thursday. The stock has a market cap of $1.82 billion, a PE ratio of 63.12, a P/E/G ratio of 4.60 and a beta of 1.34. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.35 and a quick ratio of 0.28. Krispy Kreme, Inc. has a one year low of $9.18 and a one year high of $17.84. The firm has a 50 day simple moving average of $11.19 and a two-hundred day simple moving average of $11.04.

Krispy Kreme Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 6th. Stockholders of record on Wednesday, October 23rd were issued a $0.035 dividend. The ex-dividend date was Wednesday, October 23rd. This represents a $0.14 dividend on an annualized basis and a dividend yield of 1.30%. Krispy Kreme’s payout ratio is 82.35%.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Morgan Stanley assumed coverage on shares of Krispy Kreme in a research report on Tuesday, November 5th. They set an “equal weight” rating and a $14.00 price target on the stock. Bank of America lifted their price objective on shares of Krispy Kreme from $15.00 to $16.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. JPMorgan Chase & Co. lowered their price target on shares of Krispy Kreme from $14.00 to $13.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 12th. Finally, Evercore ISI reaffirmed an “in-line” rating and set a $13.00 price objective on shares of Krispy Kreme in a research note on Tuesday, August 27th. 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. According to MarketBeat, Krispy Kreme has a consensus rating of “Moderate Buy” and an average target price of $15.56.

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.