Krispy Kreme, Inc. (NASDAQ:DNUT) Shares Sold by Blue Trust Inc.

Blue Trust Inc. trimmed its holdings in shares of Krispy Kreme, Inc. (NASDAQ:DNUT) by 13.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,944 shares of the company’s stock after selling 1,120 shares during the period. Blue Trust Inc.’s holdings in Krispy Kreme were worth $75,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of DNUT. Walkner Condon Financial Advisors LLC acquired a new position in Krispy Kreme during the third quarter worth about $346,000. Versor Investments LP acquired a new position in Krispy Kreme during the third quarter worth about $411,000. Sargent Investment Group LLC acquired a new position in Krispy Kreme during the third quarter worth about $215,000. Connable Office Inc. grew its holdings in Krispy Kreme by 98.3% during the third quarter. Connable Office Inc. now owns 29,968 shares of the company’s stock worth $322,000 after acquiring an additional 14,859 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in Krispy Kreme during the third quarter worth about $810,000. 81.72% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

DNUT has been the topic of a number of research analyst reports. Morgan Stanley lowered their target price on Krispy Kreme from $14.00 to $12.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 21st. JPMorgan Chase & Co. lowered their target price on Krispy Kreme from $14.00 to $13.00 and set an “overweight” rating on the stock in a report on Tuesday, November 12th. Three investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $15.25.

Krispy Kreme Trading Down 1.3 %

NASDAQ:DNUT opened at $9.15 on Monday. The company has a quick ratio of 0.28, a current ratio of 0.35 and a debt-to-equity ratio of 0.67. Krispy Kreme, Inc. has a 1-year low of $8.34 and a 1-year high of $17.84. The firm has a market capitalization of $1.56 billion, a price-to-earnings ratio of 53.82, a price-to-earnings-growth ratio of 3.24 and a beta of 1.34. The stock has a fifty day simple moving average of $9.18 and a 200 day simple moving average of $10.44.

Krispy Kreme Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 7th. Shareholders of record on Wednesday, April 23rd will be given a dividend of $0.035 per share. The ex-dividend date is Wednesday, April 23rd. This represents a $0.14 dividend on an annualized basis and a yield of 1.53%. Krispy Kreme’s payout ratio is presently 82.35%.

About Krispy Kreme

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.