Krispy Kreme, Inc. (NASDAQ:DNUT) Shares Sold by Benin Management CORP

Benin Management CORP cut its stake in Krispy Kreme, Inc. (NASDAQ:DNUT) by 5.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 31,480 shares of the company’s stock after selling 1,700 shares during the period. Benin Management CORP’s holdings in Krispy Kreme were worth $313,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of DNUT. Bamco Inc. NY raised its holdings in shares of Krispy Kreme by 4.2% in the 3rd quarter. Bamco Inc. NY now owns 10,481,319 shares of the company’s stock worth $112,569,000 after purchasing an additional 425,630 shares during the period. Banco Santander S.A. raised its holdings in Krispy Kreme by 0.3% in the third quarter. Banco Santander S.A. now owns 6,916,972 shares of the company’s stock valued at $74,288,000 after buying an additional 21,723 shares during the period. Dimensional Fund Advisors LP lifted its position in Krispy Kreme by 38.1% during 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 in the last quarter. Millennium Management LLC grew its stake in Krispy Kreme by 136.7% during the second quarter. Millennium Management LLC now owns 3,500,855 shares of the company’s stock worth $37,669,000 after buying an additional 2,021,974 shares during the period. Finally, Geode Capital Management LLC increased its position in shares of Krispy Kreme by 2.3% in the third quarter. Geode Capital Management LLC now owns 2,099,645 shares of the company’s stock worth $22,555,000 after acquiring an additional 48,203 shares in the last quarter. 81.72% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Bank of America lifted their target price 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. JPMorgan Chase & Co. decreased their target price on 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, Morgan Stanley dropped 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. Three equities 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 presently has a consensus rating of “Moderate Buy” and an average target price of $15.25.

Krispy Kreme Stock Performance

Shares of DNUT opened at $8.94 on Friday. The firm has a market cap of $1.52 billion, a price-to-earnings ratio of 52.59, a PEG ratio of 3.04 and a beta of 1.36. 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 business’s 50 day moving average is $9.88 and its two-hundred day moving average is $10.66. Krispy Kreme, Inc. has a 52-week low of $8.44 and a 52-week high of $17.84.

Krispy Kreme Announces Dividend

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