JPMorgan Chase & Co. Has $6.12 Million Stock Position in Krispy Kreme, Inc. (NASDAQ:DNUT)

JPMorgan Chase & Co. cut its holdings in Krispy Kreme, Inc. (NASDAQ:DNUT) by 1.0% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 560,253 shares of the company’s stock after selling 5,384 shares during the period. JPMorgan Chase & Co. owned approximately 0.33% of Krispy Kreme worth $6,118,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of DNUT. American Century Companies Inc. acquired a new position in shares of Krispy Kreme during the 2nd quarter worth approximately $185,000. Dimensional Fund Advisors LP boosted its stake 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 period. Hollencrest Capital Management acquired a new stake in Krispy Kreme during the second quarter worth approximately $323,000. Sei Investments Co. acquired a new stake in Krispy Kreme during the second quarter worth approximately $198,000. Finally, Gabelli Funds LLC increased its stake in Krispy Kreme by 180.0% during the 2nd quarter. Gabelli Funds LLC now owns 70,000 shares of the company’s stock worth $753,000 after acquiring an additional 45,000 shares during the period. 81.72% of the stock is owned by institutional investors.

Krispy Kreme Stock Performance

Krispy Kreme stock opened at $8.94 on Thursday. The company has a quick ratio of 0.28, a current ratio of 0.35 and a debt-to-equity ratio of 0.67. The stock has a market cap of $1.52 billion, a PE ratio of 52.59, a P/E/G ratio of 4.15 and a beta of 1.36. Krispy Kreme, Inc. has a 12-month low of $8.78 and a 12-month high of $17.84. The business’s 50-day moving average price is $10.31 and its two-hundred day moving average price is $10.75.

Krispy Kreme Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 5th. Investors of record on Wednesday, January 22nd will be issued a dividend of $0.035 per share. This represents a $0.14 annualized dividend and a dividend yield of 1.57%. The ex-dividend date is Wednesday, January 22nd. Krispy Kreme’s dividend payout ratio (DPR) is presently 82.35%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on DNUT. 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 target price for the company. JPMorgan Chase & Co. cut their price objective on shares of Krispy Kreme from $14.00 to $13.00 and set an “overweight” rating for the company in a research report on Tuesday, November 12th. Finally, Bank of America increased their price objective on shares of Krispy Kreme from $15.00 to $16.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Four research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently 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.