UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Lowers Stock Holdings in Krispy Kreme, Inc. (NASDAQ:DNUT)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its position in Krispy Kreme, Inc. (NASDAQ:DNUT) by 9.7% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 147,078 shares of the company’s stock after selling 15,854 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Krispy Kreme were worth $1,580,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the business. Blue Trust Inc. purchased a new stake in shares of Krispy Kreme during the second quarter worth about $68,000. nVerses Capital LLC bought a new position in Krispy Kreme in the 3rd quarter worth approximately $124,000. American Century Companies Inc. purchased a new stake in Krispy Kreme during the 2nd quarter valued at approximately $185,000. Sei Investments Co. bought a new stake in shares of Krispy Kreme during the second quarter valued at approximately $198,000. Finally, Sargent Investment Group LLC bought a new stake in shares of Krispy Kreme during the third quarter valued at approximately $215,000. Hedge funds and other institutional investors own 81.72% of the company’s stock.

Krispy Kreme Stock Down 1.8 %

Shares of NASDAQ DNUT opened at $9.70 on Tuesday. The company has a current ratio of 0.35, a quick ratio of 0.28 and a debt-to-equity ratio of 0.67. Krispy Kreme, Inc. has a 12-month low of $9.18 and a 12-month high of $17.84. The firm’s 50-day moving average price is $11.07 and its 200-day moving average price is $10.97. The stock has a market capitalization of $1.65 billion, a price-to-earnings ratio of 57.06, a P/E/G ratio of 4.21 and a beta of 1.34.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Evercore ISI restated an “in-line” rating and set a $13.00 target price on shares of Krispy Kreme in a research report on Tuesday, August 27th. JPMorgan Chase & Co. dropped their price objective on shares of Krispy Kreme from $14.00 to $13.00 and set an “overweight” rating for the company in a report on Tuesday, November 12th. Morgan Stanley initiated coverage on 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. Finally, Bank of America boosted their target price on Krispy Kreme from $15.00 to $16.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Four investment analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $15.56.

Krispy Kreme 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.