Landscape Capital Management L.L.C. Has $2.33 Million Position in Krispy Kreme, Inc. (NASDAQ:DNUT)

Landscape Capital Management L.L.C. boosted its position in shares of Krispy Kreme, Inc. (NASDAQ:DNUT - Free Report) by 86.1% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 216,559 shares of the company's stock after purchasing an additional 100,163 shares during the period. Landscape Capital Management L.L.C. owned about 0.13% of Krispy Kreme worth $2,326,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in DNUT. ProShare Advisors LLC raised its stake in shares of Krispy Kreme by 8.5% in the first quarter. ProShare Advisors LLC now owns 15,739 shares of the company's stock worth $240,000 after acquiring an additional 1,239 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Krispy Kreme by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 8,548,548 shares of the company's stock worth $130,237,000 after buying an additional 67,130 shares during the period. Gabelli Funds LLC acquired a new stake in shares of Krispy Kreme during the 1st quarter worth approximately $381,000. Bamco Inc. NY grew its position in shares of Krispy Kreme by 2.6% during the 1st quarter. Bamco Inc. NY now owns 9,734,467 shares of the company's stock worth $148,305,000 after buying an additional 246,600 shares during the period. Finally, California State Teachers Retirement System grew its position in shares of Krispy Kreme by 3.4% during the 1st quarter. California State Teachers Retirement System now owns 84,610 shares of the company's stock worth $1,289,000 after buying an additional 2,769 shares during the period. 81.72% of the stock is owned by institutional investors.

Krispy Kreme Stock Performance

Shares of DNUT stock traded up $0.11 on Friday, hitting $11.15. The company's stock had a trading volume of 951,777 shares, compared to its average volume of 2,038,174. 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 stock's 50 day moving average is $11.33 and its 200-day moving average is $11.12. Krispy Kreme, Inc. has a fifty-two week low of $9.18 and a fifty-two week high of $17.84. The company has a market capitalization of $1.90 billion, a PE ratio of 65.59, a PEG ratio of 4.44 and a beta of 1.39.

Krispy Kreme Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 6th. Stockholders of record on Wednesday, October 23rd were paid a $0.035 dividend. The ex-dividend date was Wednesday, October 23rd. This represents a $0.14 annualized dividend and a dividend yield of 1.26%. Krispy Kreme's payout ratio is 82.35%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on DNUT shares. Morgan Stanley started coverage on shares of Krispy Kreme in a report on Tuesday, November 5th. They issued an "equal weight" rating and a $14.00 price target for the company. Bank of America upped their price target on shares of 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. dropped their price target on shares of Krispy Kreme from $14.00 to $13.00 and set an "overweight" rating on the stock in a research report on Tuesday, November 12th. Finally, Evercore ISI reaffirmed an "in-line" rating and set a $13.00 price target on shares of Krispy Kreme in a research report on Tuesday, August 27th. Four analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $15.56.

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.