Krispy Kreme, Inc. (NASDAQ:DNUT) Position Increased by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company increased its position in shares of Krispy Kreme, Inc. (NASDAQ:DNUT) by 2.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 50,819 shares of the company’s stock after acquiring an additional 1,399 shares during the period. The Manufacturers Life Insurance Company’s holdings in Krispy Kreme were worth $547,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. ProShare Advisors LLC raised its holdings in shares of Krispy Kreme by 8.5% during the first quarter. ProShare Advisors LLC now owns 15,739 shares of the company’s stock worth $240,000 after acquiring an additional 1,239 shares in the last quarter. California State Teachers Retirement System increased its position 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 buying an additional 2,769 shares during the last quarter. Blue Trust Inc. acquired a new position in Krispy Kreme during the second quarter worth $68,000. Signaturefd LLC increased its position in Krispy Kreme by 21.0% during the second quarter. Signaturefd LLC now owns 50,109 shares of the company’s stock worth $539,000 after buying an additional 8,710 shares during the last quarter. Finally, Tidal Investments LLC acquired a new position in Krispy Kreme during the first quarter worth $154,000. 81.72% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have commented on DNUT. Evercore ISI reissued an “in-line” rating and set a $13.00 target price on shares of Krispy Kreme in a research report on Tuesday, August 27th. Bank of America lowered their target price on shares of Krispy Kreme from $19.00 to $16.00 and set a “buy” rating on the stock in a research report on Wednesday, July 17th. HSBC raised shares of Krispy Kreme from a “hold” rating to a “buy” rating and set a $14.00 target price on the stock in a research report on Tuesday, July 23rd. Finally, Hsbc Global Res raised shares of Krispy Kreme from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 23rd. Three 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 company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $15.88.

Krispy Kreme Trading Up 3.6 %

Shares of NASDAQ:DNUT opened at $11.30 on Wednesday. The company has a market cap of $1.91 billion, a P/E ratio of -41.85, a P/E/G ratio of 3.15 and a beta of 1.41. The stock’s 50-day moving average is $11.08 and its 200-day moving average is $11.56. Krispy Kreme, Inc. has a 52-week low of $9.18 and a 52-week high of $17.84. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.26 and a current ratio of 0.34.

Krispy Kreme (NASDAQ:DNUT) last released its earnings results on Thursday, August 8th. The company reported $0.05 earnings per share for the quarter, meeting the consensus estimate of $0.05. Krispy Kreme had a negative net margin of 2.98% and a positive return on equity of 1.12%. The business had revenue of $438.80 million during the quarter, compared to analysts’ expectations of $435.43 million. During the same quarter last year, the company earned $0.04 earnings per share. The firm’s revenue was up 7.3% on a year-over-year basis. Equities research analysts predict that Krispy Kreme, Inc. will post 0.13 earnings per share for the current year.

Krispy Kreme Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 6th. Shareholders of record on Wednesday, October 23rd will be paid a dividend of $0.035 per share. This represents a $0.14 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date of this dividend is Wednesday, October 23rd. Krispy Kreme’s dividend payout ratio is -51.85%.

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.