SG Americas Securities LLC Grows Position in Krispy Kreme, Inc. (NASDAQ:DNUT)

SG Americas Securities LLC raised its position in shares of Krispy Kreme, Inc. (NASDAQ:DNUT - Free Report) by 264.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 83,869 shares of the company's stock after buying an additional 60,833 shares during the quarter. SG Americas Securities LLC's holdings in Krispy Kreme were worth $833,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of DNUT. Stifel Financial Corp raised its holdings in shares of Krispy Kreme by 2.5% in the 3rd quarter. Stifel Financial Corp now owns 38,658 shares of the company's stock valued at $415,000 after purchasing an additional 958 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in Krispy Kreme by 2.8% during the second quarter. The Manufacturers Life Insurance Company now owns 50,819 shares of the company's stock worth $547,000 after purchasing an additional 1,399 shares during the last quarter. Blue Trust Inc. grew its stake in shares of Krispy Kreme by 28.3% in the third quarter. Blue Trust Inc. now owns 8,064 shares of the company's stock valued at $87,000 after buying an additional 1,779 shares in the last quarter. Franklin Resources Inc. boosted its position in shares of Krispy Kreme by 30.7% during the 3rd quarter. Franklin Resources Inc. now owns 14,467 shares of the company's stock worth $158,000 after acquiring an additional 3,395 shares in the last quarter. Finally, Point72 Asset Management L.P. increased its holdings in shares of Krispy Kreme by 8.7% in the 2nd quarter. Point72 Asset Management L.P. now owns 47,294 shares of the company's stock valued at $509,000 after acquiring an additional 3,794 shares during the period. Hedge funds and other institutional investors own 81.72% of the company's stock.

Krispy Kreme Stock Down 0.4 %

NASDAQ DNUT traded down $0.04 on Thursday, hitting $9.12. 1,061,905 shares of the stock traded hands, compared to its average volume of 1,709,158. The company has a market capitalization of $1.55 billion, a P/E ratio of 53.65, a price-to-earnings-growth ratio of 3.04 and a beta of 1.36. The stock has a 50-day moving average of $9.78 and a 200 day moving average of $10.65. Krispy Kreme, Inc. has a twelve month low of $8.44 and a twelve month high of $17.84. The company has a current ratio of 0.35, a quick ratio of 0.28 and a debt-to-equity ratio of 0.67.

Krispy Kreme Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 5th. Investors of record on Wednesday, January 22nd will be given a $0.035 dividend. The ex-dividend date of this dividend is Wednesday, January 22nd. This represents a $0.14 dividend on an annualized basis and a yield of 1.54%. Krispy Kreme's payout ratio is 82.35%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on DNUT shares. Bank of America lifted their price target on shares of Krispy Kreme from $15.00 to $16.00 and gave the company a "buy" rating in a report on Tuesday, October 22nd. JPMorgan Chase & Co. lowered their price objective on Krispy Kreme from $14.00 to $13.00 and set an "overweight" rating on the stock in a report on Tuesday, November 12th. Finally, Morgan Stanley reduced their price objective on Krispy Kreme from $14.00 to $12.00 and set an "equal weight" rating for the company in a research report on Tuesday, January 21st. Three investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Krispy Kreme has a consensus rating of "Moderate Buy" and a consensus price target of $15.25.

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.