Barclays PLC Acquires 138,475 Shares of Krispy Kreme, Inc. (NASDAQ:DNUT)

Barclays PLC grew its stake in Krispy Kreme, Inc. (NASDAQ:DNUT) by 450.6% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 169,209 shares of the company’s stock after buying an additional 138,475 shares during the period. Barclays PLC’s holdings in Krispy Kreme were worth $1,816,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of DNUT. Signaturefd LLC grew its stake in shares of Krispy Kreme by 21.0% in the 2nd quarter. Signaturefd LLC now owns 50,109 shares of the company’s stock valued at $539,000 after purchasing an additional 8,710 shares during the period. American Century Companies Inc. acquired a new position in shares of Krispy Kreme in the 2nd quarter worth approximately $185,000. Dimensional Fund Advisors LP raised its holdings in shares of Krispy Kreme by 38.1% in the second quarter. Dimensional Fund Advisors LP now owns 3,779,882 shares of the company’s stock valued at $40,670,000 after buying an additional 1,042,345 shares during the last quarter. Hollencrest Capital Management acquired a new stake in shares of Krispy Kreme in the second quarter valued at approximately $323,000. Finally, Sei Investments Co. acquired a new position in shares of Krispy Kreme during the second quarter valued at $198,000. Institutional investors own 81.72% of the company’s stock.

Wall Street Analysts Forecast Growth

DNUT has been the subject of a number of analyst reports. JPMorgan Chase & Co. decreased their price objective on Krispy Kreme from $14.00 to $13.00 and set an “overweight” rating for the company in a research note on Tuesday, November 12th. Bank of America increased 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. Finally, Morgan Stanley started coverage on 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. Four investment 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 company. According to MarketBeat, Krispy Kreme currently has an average rating of “Moderate Buy” and an average price target of $15.56.

Krispy Kreme Price Performance

NASDAQ:DNUT opened at $9.78 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 market cap of $1.66 billion, a P/E ratio of 57.53, a P/E/G ratio of 4.21 and a beta of 1.34. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.28 and a current ratio of 0.35. The stock’s 50-day simple moving average is $10.81 and its 200 day simple moving average is $10.91.

Krispy Kreme Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 5th. Investors of record on Wednesday, January 22nd will be paid a $0.035 dividend. The ex-dividend date is Wednesday, January 22nd. This represents a $0.14 annualized dividend and a dividend yield of 1.43%. Krispy Kreme’s dividend payout ratio 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.