Krispy Kreme, Inc. (NASDAQ:DNUT) Shares Bought by Bamco Inc. NY

Bamco Inc. NY increased its holdings in Krispy Kreme, Inc. (NASDAQ:DNUT) by 4.2% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 10,481,319 shares of the company’s stock after acquiring an additional 425,630 shares during the quarter. Bamco Inc. NY owned approximately 6.17% of Krispy Kreme worth $112,569,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. California State Teachers Retirement System raised its position in shares of Krispy Kreme by 3.4% in the 1st quarter. California State Teachers Retirement System now owns 84,610 shares of the company’s stock valued at $1,289,000 after purchasing an additional 2,769 shares in the last quarter. Tidal Investments LLC acquired a new stake in Krispy Kreme in the first quarter valued at $154,000. Blue Trust Inc. bought a new position in Krispy Kreme during the 2nd quarter valued at $68,000. OFI Invest Asset Management bought a new position in Krispy Kreme during the 2nd quarter valued at $451,000. Finally, Benin Management CORP grew its holdings in Krispy Kreme by 74.6% during the 2nd quarter. Benin Management CORP now owns 33,480 shares of the company’s stock worth $360,000 after acquiring an additional 14,300 shares in the last quarter. Hedge funds and other institutional investors own 81.72% of the company’s stock.

Krispy Kreme Stock Performance

DNUT stock opened at $11.02 on Monday. Krispy Kreme, Inc. has a 1 year low of $9.18 and a 1 year high of $17.84. The stock has a market capitalization of $1.87 billion, a price-to-earnings ratio of 64.82, a PEG ratio of 4.63 and a beta of 1.39. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.28 and a current ratio of 0.35. The stock’s fifty day moving average is $11.21 and its two-hundred day moving average is $11.06.

Krispy Kreme Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 6th. Investors of record on Wednesday, October 23rd were given a $0.035 dividend. The ex-dividend date was Wednesday, October 23rd. This represents a $0.14 annualized dividend and a yield of 1.27%. Krispy Kreme’s dividend payout ratio is presently 82.35%.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Bank of America increased their price target on shares of Krispy Kreme from $15.00 to $16.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Morgan Stanley assumed coverage on Krispy Kreme in a report on Tuesday, November 5th. They set an “equal weight” rating and a $14.00 target price on the stock. JPMorgan Chase & Co. lowered their price target on Krispy Kreme from $14.00 to $13.00 and set an “overweight” rating for the company in a report on Tuesday, November 12th. Finally, Evercore ISI restated an “in-line” rating and set a $13.00 price objective on shares of Krispy Kreme in a research note on Tuesday, August 27th. Four research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Krispy Kreme presently has a consensus rating of “Moderate Buy” and an average target price of $15.56.

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.