Bamco Inc. NY Buys 425,630 Shares of Krispy Kreme, Inc. (NASDAQ:DNUT)

Bamco Inc. NY boosted its stake in Krispy Kreme, Inc. (NASDAQ:DNUT - Free Report) by 4.2% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 10,481,319 shares of the company's stock after buying 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.

A number of other large investors have also recently bought and sold shares of the stock. Blue Trust Inc. acquired a new stake in shares of Krispy Kreme during the 2nd quarter worth about $68,000. nVerses Capital LLC acquired a new stake in shares of Krispy Kreme in the third quarter valued at about $124,000. Tidal Investments LLC purchased a new stake in shares of Krispy Kreme during the first quarter valued at approximately $154,000. American Century Companies Inc. purchased a new stake in Krispy Kreme during the 2nd quarter worth $185,000. Finally, Sei Investments Co. purchased a new stake in shares of Krispy Kreme during the second quarter worth about $198,000. Institutional investors and hedge funds own 81.72% of the company's stock.

Krispy Kreme Stock Down 0.5 %

NASDAQ:DNUT traded down $0.05 during trading hours on Monday, reaching $10.97. The company's stock had a trading volume of 560,267 shares, compared to its average volume of 2,013,205. Krispy Kreme, Inc. has a one year low of $9.18 and a one year high of $17.84. The business's 50-day moving average is $11.21 and its 200-day moving average is $11.05. The company has a market cap of $1.86 billion, a price-to-earnings ratio of 64.94, a price-to-earnings-growth ratio of 4.63 and a beta of 1.39. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.35 and a quick ratio of 0.28.

Krispy Kreme Announces Dividend

The business also recently announced 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 annualized dividend and a yield of 1.28%. Krispy Kreme's dividend payout ratio (DPR) is currently 82.35%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on DNUT shares. Morgan Stanley started coverage on shares of Krispy Kreme in a research note on Tuesday, November 5th. They issued an "equal weight" rating and a $14.00 price target for the company. Bank of America increased their target price on Krispy Kreme from $15.00 to $16.00 and gave the stock a "buy" rating in a research report on Tuesday, October 22nd. JPMorgan Chase & Co. cut their target price on Krispy Kreme from $14.00 to $13.00 and set an "overweight" rating on the stock in a research note on Tuesday, November 12th. Finally, Evercore ISI reissued an "in-line" rating and set a $13.00 target price 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. Based on data from MarketBeat, the stock presently has a consensus 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.