Intech Investment Management LLC Takes Position in Krispy Kreme, Inc. (NASDAQ:DNUT)

Intech Investment Management LLC purchased a new stake in Krispy Kreme, Inc. (NASDAQ:DNUT) during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 25,845 shares of the company’s stock, valued at approximately $278,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. The Manufacturers Life Insurance Company grew its position in Krispy Kreme by 2.8% during the second quarter. The Manufacturers Life Insurance Company now owns 50,819 shares of the company’s stock worth $547,000 after buying an additional 1,399 shares in the last quarter. Blue Trust Inc. lifted its stake 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 lifted its stake 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 purchasing an additional 2,769 shares during the period. Point72 Asset Management L.P. lifted its stake in Krispy Kreme by 8.7% during the second quarter. Point72 Asset Management L.P. now owns 47,294 shares of the company’s stock worth $509,000 after purchasing an additional 3,794 shares during the period. Finally, Handelsbanken Fonder AB lifted its stake in Krispy Kreme by 31.7% during the third quarter. Handelsbanken Fonder AB now owns 29,500 shares of the company’s stock worth $317,000 after purchasing an additional 7,100 shares during the period. 81.72% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently issued reports on DNUT. Evercore ISI reiterated an “in-line” rating and issued a $13.00 target price on shares of Krispy Kreme in a research note on Tuesday, August 27th. Bank of America boosted their price target on shares of Krispy Kreme from $15.00 to $16.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Morgan Stanley began coverage on shares of Krispy Kreme in a research report on Tuesday, November 5th. They issued an “equal weight” rating and a $14.00 price objective on the stock. Finally, JPMorgan Chase & Co. cut 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. Four research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s 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 1.5 %

Shares of DNUT opened at $10.73 on Thursday. Krispy Kreme, Inc. has a 52 week low of $9.18 and a 52 week high of $17.84. The firm has a market cap of $1.82 billion, a P/E ratio of 63.12, a price-to-earnings-growth ratio of 4.60 and a beta of 1.34. The firm’s 50-day simple moving average is $11.19 and its 200 day simple moving average is $11.04. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.28 and a current ratio of 0.35.

Krispy Kreme Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 6th. Investors of record on Wednesday, October 23rd were paid a $0.035 dividend. 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 1.30%. Krispy Kreme’s dividend payout ratio (DPR) is currently 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.