593,838 Shares in Krispy Kreme, Inc. (NASDAQ:DNUT) Purchased by Peregrine Capital Management LLC

Peregrine Capital Management LLC acquired a new position in shares of Krispy Kreme, Inc. (NASDAQ:DNUT - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 593,838 shares of the company's stock, valued at approximately $5,897,000. Peregrine Capital Management LLC owned about 0.35% of Krispy Kreme as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in DNUT. Point72 DIFC Ltd bought a new position in Krispy Kreme in the 3rd quarter worth approximately $51,000. Central Pacific Bank Trust Division bought a new position in Krispy Kreme in the 4th quarter worth approximately $71,000. Blue Trust Inc. raised its position in Krispy Kreme by 28.3% in the 3rd quarter. Blue Trust Inc. now owns 8,064 shares of the company's stock worth $87,000 after purchasing an additional 1,779 shares during the last quarter. First Hawaiian Bank bought a new position in Krispy Kreme in the fourth quarter valued at about $111,000. Finally, Franklin Resources Inc. boosted its holdings in Krispy Kreme by 30.7% in the third quarter. Franklin Resources Inc. now owns 14,467 shares of the company's stock valued at $158,000 after acquiring an additional 3,395 shares during the last quarter. Institutional investors own 81.72% of the company's stock.

Krispy Kreme Trading Down 1.3 %

NASDAQ:DNUT traded down $0.12 during trading hours on Friday, hitting $9.15. The stock had a trading volume of 1,907,484 shares, compared to its average volume of 1,734,520. Krispy Kreme, Inc. has a one year low of $8.34 and a one year high of $17.84. 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 company has a market cap of $1.56 billion, a price-to-earnings ratio of 53.82, a P/E/G ratio of 3.19 and a beta of 1.34. The business's 50 day moving average is $9.19 and its 200-day moving average is $10.43.

Krispy Kreme Announces Dividend

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

Analysts Set New Price Targets

DNUT has been the topic of several recent research reports. Morgan Stanley decreased their price target 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. reduced their price objective on shares of Krispy Kreme from $14.00 to $13.00 and set an "overweight" rating on the stock in a research note on Tuesday, November 12th. Three investment analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $15.25.

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.