Edgestream Partners L.P. Makes New $543,000 Investment in Krispy Kreme, Inc. (NASDAQ:DNUT)

Edgestream Partners L.P. purchased a new position in shares of Krispy Kreme, Inc. (NASDAQ:DNUT - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 50,601 shares of the company's stock, valued at approximately $543,000.

Other large investors also recently made changes to their positions in the company. The Manufacturers Life Insurance Company increased its holdings in Krispy Kreme by 2.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 50,819 shares of the company's stock valued at $547,000 after purchasing an additional 1,399 shares in the last quarter. Blue Trust Inc. grew its stake in shares of Krispy Kreme by 28.3% during the third quarter. Blue Trust Inc. now owns 8,064 shares of the company's stock valued at $87,000 after acquiring an additional 1,779 shares in the last quarter. California State Teachers Retirement System grew its stake in shares of Krispy Kreme by 3.4% during the first quarter. California State Teachers Retirement System now owns 84,610 shares of the company's stock valued at $1,289,000 after acquiring an additional 2,769 shares in the last quarter. Point72 Asset Management L.P. grew its stake in Krispy Kreme by 8.7% in the second quarter. Point72 Asset Management L.P. now owns 47,294 shares of the company's stock worth $509,000 after purchasing an additional 3,794 shares in the last quarter. Finally, Handelsbanken Fonder AB lifted its holdings in Krispy Kreme by 31.7% in the third quarter. Handelsbanken Fonder AB now owns 29,500 shares of the company's stock worth $317,000 after acquiring an additional 7,100 shares during the last quarter. Hedge funds and other institutional investors own 81.72% of the company's stock.

Krispy Kreme Stock Down 1.2 %

NASDAQ DNUT traded down $0.13 on Friday, reaching $10.30. The company had a trading volume of 690,929 shares, compared to its average volume of 2,003,931. The firm has a market capitalization of $1.75 billion, a price-to-earnings ratio of 61.35, a price-to-earnings-growth ratio of 4.57 and a beta of 1.34. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.28 and a current ratio of 0.35. Krispy Kreme, Inc. has a 1-year low of $9.18 and a 1-year high of $17.84. The company's fifty day moving average is $11.17 and its 200-day moving average is $11.03.

Krispy Kreme Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 6th. Shareholders of record on Wednesday, October 23rd were given a dividend of $0.035 per share. The ex-dividend date of this dividend was Wednesday, October 23rd. This represents a $0.14 annualized dividend and a yield of 1.36%. Krispy Kreme's dividend payout ratio (DPR) is presently 82.35%.

Analyst Ratings Changes

A number of brokerages have issued reports on DNUT. JPMorgan Chase & Co. cut their target price on shares of Krispy Kreme from $14.00 to $13.00 and set an "overweight" rating on the stock in a report on Tuesday, November 12th. Bank of America lifted their price target on Krispy Kreme from $15.00 to $16.00 and gave the company a "buy" rating in a report on Tuesday, October 22nd. Evercore ISI reaffirmed an "in-line" rating and set a $13.00 price target on shares of Krispy Kreme in a report on Tuesday, August 27th. Finally, Morgan Stanley initiated coverage on shares of Krispy Kreme in a research note on Tuesday, November 5th. They set an "equal weight" rating and a $14.00 price objective on the stock. Four 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 stock. According to MarketBeat.com, Krispy Kreme currently has an average rating of "Moderate Buy" and an average price target of $15.56.

Krispy Kreme Company 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.