Charles Schwab Investment Management Inc. Has $7.83 Million Holdings in Krispy Kreme, Inc. (NASDAQ:DNUT)

Charles Schwab Investment Management Inc. trimmed its holdings in shares of Krispy Kreme, Inc. (NASDAQ:DNUT) by 0.2% in the third quarter, HoldingsChannel reports. The institutional investor owned 728,827 shares of the company’s stock after selling 1,143 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Krispy Kreme were worth $7,828,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. The Manufacturers Life Insurance Company increased its stake in shares of Krispy Kreme by 2.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 50,819 shares of the company’s stock worth $547,000 after purchasing an additional 1,399 shares during the last quarter. Blue Trust Inc. grew its holdings in Krispy Kreme by 28.3% during the third quarter. Blue Trust Inc. now owns 8,064 shares of the company’s stock worth $87,000 after purchasing an additional 1,779 shares during the period. California State Teachers Retirement System increased its position in Krispy Kreme by 3.4% during the first quarter. California State Teachers Retirement System now owns 84,610 shares of the company’s stock worth $1,289,000 after buying an additional 2,769 shares during the last quarter. Point72 Asset Management L.P. raised its stake in Krispy Kreme by 8.7% in the second quarter. Point72 Asset Management L.P. now owns 47,294 shares of the company’s stock valued at $509,000 after buying an additional 3,794 shares during the period. Finally, Handelsbanken Fonder AB raised its stake in Krispy Kreme by 31.7% in the third quarter. Handelsbanken Fonder AB now owns 29,500 shares of the company’s stock valued at $317,000 after buying an additional 7,100 shares during the period. 81.72% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on DNUT. JPMorgan Chase & Co. cut their price target on Krispy Kreme from $14.00 to $13.00 and set an “overweight” rating for the company in a report on Tuesday, November 12th. Bank of America lifted their target price on shares of Krispy Kreme from $15.00 to $16.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Evercore ISI reissued an “in-line” rating and issued a $13.00 price target on shares of Krispy Kreme in a report on Tuesday, August 27th. Finally, 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 objective for the company. Four research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $15.56.

Krispy Kreme Stock Down 0.3 %

Shares of NASDAQ:DNUT opened at $10.11 on Wednesday. The company has a market capitalization of $1.72 billion, a PE ratio of 59.47, a price-to-earnings-growth ratio of 4.30 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. The business has a fifty day moving average price of $11.14 and a two-hundred day moving average price of $10.99. Krispy Kreme, Inc. has a 1 year low of $9.18 and a 1 year high of $17.84.

Krispy Kreme Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 6th. Investors of record on Wednesday, October 23rd were issued a dividend of $0.035 per share. The ex-dividend date of this dividend was Wednesday, October 23rd. This represents a $0.14 dividend on an annualized basis and a yield of 1.38%. Krispy Kreme’s dividend payout ratio (DPR) is 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.