nVerses Capital LLC Takes $124,000 Position in Krispy Kreme, Inc. (NASDAQ:DNUT)

nVerses Capital LLC bought a new stake in Krispy Kreme, Inc. (NASDAQ:DNUT) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 11,500 shares of the company’s stock, valued at approximately $124,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Blue Trust Inc. acquired a new position in shares of Krispy Kreme in the second quarter valued at approximately $68,000. Tidal Investments LLC acquired a new position in shares of Krispy Kreme in the first quarter valued at approximately $154,000. American Century Companies Inc. acquired a new position in shares of Krispy Kreme in the second quarter valued at approximately $185,000. Sei Investments Co. acquired a new position in shares of Krispy Kreme in the second quarter valued at approximately $198,000. Finally, Sciencast Management LP acquired a new position in shares of Krispy Kreme in the first quarter valued at approximately $223,000. Institutional investors and hedge funds own 81.72% of the company’s stock.

Analyst Upgrades and Downgrades

DNUT has been the topic of a number of analyst reports. Evercore ISI reissued an “in-line” rating and set a $13.00 price target on shares of Krispy Kreme in a research report on Tuesday, August 27th. Hsbc Global Res raised Krispy Kreme from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 23rd. HSBC raised Krispy Kreme from a “hold” rating to a “buy” rating and set a $14.00 price target on the stock in a research report on Tuesday, July 23rd. Finally, Bank of America reduced their price target on Krispy Kreme from $19.00 to $16.00 and set a “buy” rating on the stock in a research report on Wednesday, July 17th. Three investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Krispy Kreme has an average rating of “Moderate Buy” and an average price target of $15.88.

Krispy Kreme Trading Up 1.0 %

Shares of DNUT stock opened at $11.59 on Monday. The stock’s fifty day moving average price is $11.17 and its two-hundred day moving average price is $11.49. The company has a market cap of $1.96 billion, a PE ratio of -42.93, a P/E/G ratio of 3.15 and a beta of 1.41. Krispy Kreme, Inc. has a fifty-two week low of $9.18 and a fifty-two 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 issued its earnings results on Thursday, August 8th. The company reported $0.05 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.05. Krispy Kreme had a positive return on equity of 1.12% and a negative net margin of 2.98%. The firm had revenue of $438.80 million for the quarter, compared to the consensus estimate of $435.43 million. During the same quarter last year, the business posted $0.04 EPS. The company’s revenue was up 7.3% compared to the same quarter last year. Equities analysts predict that Krispy Kreme, Inc. will post 0.13 EPS for the current fiscal year.

Krispy Kreme Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 6th. Stockholders of record on Wednesday, October 23rd will be paid a $0.035 dividend. This represents a $0.14 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date of this dividend is Wednesday, October 23rd. Krispy Kreme’s 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.