Holocene Advisors LP Acquires New Shares in Krispy Kreme, Inc. (NASDAQ:DNUT)

Holocene Advisors LP purchased a new position in Krispy Kreme, Inc. (NASDAQ:DNUT - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 159,776 shares of the company's stock, valued at approximately $1,716,000. Holocene Advisors LP owned about 0.09% of Krispy Kreme as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of the stock. Blue Trust Inc. acquired a new stake in shares of Krispy Kreme during the second quarter worth $68,000. nVerses Capital LLC acquired a new stake in Krispy Kreme during the 3rd quarter worth about $124,000. Tidal Investments LLC purchased a new stake in Krispy Kreme during the first quarter valued at about $154,000. American Century Companies Inc. acquired a new position in shares of Krispy Kreme in the second quarter worth about $185,000. Finally, Sei Investments Co. purchased a new position in shares of Krispy Kreme in the second quarter worth approximately $198,000. Institutional investors own 81.72% of the company's stock.

Krispy Kreme Stock Down 1.9 %

NASDAQ DNUT traded down $0.20 on Friday, reaching $10.23. The stock had a trading volume of 1,683,766 shares, compared to its average volume of 1,547,150. Krispy Kreme, Inc. has a 1 year low of $9.18 and a 1 year high of $17.84. The business has a 50 day moving average price of $11.16 and a 200 day moving average price of $11.02. The company has a current ratio of 0.35, a quick ratio of 0.28 and a debt-to-equity ratio of 0.67. The company has a market capitalization of $1.74 billion, a price-to-earnings ratio of 60.18, a P/E/G ratio of 4.51 and a beta of 1.34.

Krispy Kreme Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 6th. Investors of record on Wednesday, October 23rd were issued a $0.035 dividend. The ex-dividend date of this dividend was Wednesday, October 23rd. This represents a $0.14 dividend on an annualized basis and a yield of 1.37%. Krispy Kreme's dividend payout ratio is currently 82.35%.

Analyst Ratings Changes

A number of research firms recently commented on DNUT. Bank of America raised their price objective on shares of Krispy Kreme from $15.00 to $16.00 and gave the stock a "buy" rating in a research note on Tuesday, October 22nd. JPMorgan Chase & Co. lowered their price target on Krispy Kreme from $14.00 to $13.00 and set an "overweight" rating on the stock in a report on Tuesday, November 12th. Evercore ISI reissued an "in-line" rating and issued a $13.00 price objective on shares of Krispy Kreme in a research note on Tuesday, August 27th. Finally, Morgan Stanley initiated coverage on Krispy Kreme in a research report on Tuesday, November 5th. They set an "equal weight" rating and a $14.00 price objective for the company. Four analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company 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.