Marshall Wace LLP Takes Position in Krispy Kreme, Inc. (NASDAQ:DNUT)

Marshall Wace LLP acquired a new position in Krispy Kreme, Inc. (NASDAQ:DNUT - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,743,967 shares of the company's stock, valued at approximately $18,765,000. Marshall Wace LLP owned about 1.03% of Krispy Kreme as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Blue Trust Inc. bought a new position in Krispy Kreme during the 2nd quarter valued at $68,000. Tidal Investments LLC purchased a new stake in shares of Krispy Kreme in the first quarter valued at about $154,000. Armistice Capital LLC bought a new position in shares of Krispy Kreme during the fourth quarter valued at about $170,000. Sciencast Management LP purchased a new position in Krispy Kreme during the first quarter worth about $223,000. Finally, ProShare Advisors LLC grew its position in Krispy Kreme by 8.5% in the 1st quarter. ProShare Advisors LLC now owns 15,739 shares of the company's stock worth $240,000 after purchasing an additional 1,239 shares in the last quarter. Hedge funds and other institutional investors own 81.72% of the company's stock.

Analyst Upgrades and Downgrades

DNUT has been the topic of a number of research analyst reports. Evercore ISI restated an "in-line" rating and issued a $13.00 target price on shares of Krispy Kreme in a research note on Tuesday, August 27th. Hsbc Global Res raised Krispy Kreme from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, July 23rd. HSBC raised shares of Krispy Kreme from a "hold" rating to a "buy" rating and set a $14.00 price target on the stock in a report on Tuesday, July 23rd. Bank of America decreased their price objective on shares of Krispy Kreme from $19.00 to $16.00 and set a "buy" rating for the company in a report on Wednesday, July 17th. Finally, JPMorgan Chase & Co. assumed coverage on shares of Krispy Kreme in a research report on Monday, June 3rd. They issued an "overweight" rating and a $14.00 price objective on the stock. Three equities research 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. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $15.88.

Krispy Kreme Stock Performance

Shares of NASDAQ DNUT traded down $0.19 during midday trading on Friday, hitting $10.92. The company's stock had a trading volume of 1,369,115 shares, compared to its average volume of 2,151,992. The stock has a fifty day moving average price of $11.00 and a 200 day moving average price of $11.78. The firm has a market capitalization of $1.84 billion, a price-to-earnings ratio of -40.44, a P/E/G ratio of 3.54 and a beta of 1.41. Krispy Kreme, Inc. has a one year low of $9.18 and a one year high of $17.84. The company has a current ratio of 0.34, a quick ratio of 0.26 and a debt-to-equity ratio of 0.73.

Krispy Kreme (NASDAQ:DNUT - Get Free Report) last posted its earnings results on Thursday, August 8th. The company reported $0.05 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.05. The firm had revenue of $438.80 million for the quarter, compared to the consensus estimate of $435.43 million. Krispy Kreme had a positive return on equity of 1.12% and a negative net margin of 2.98%. The business's quarterly revenue was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.04 earnings per share. On average, research analysts forecast that Krispy Kreme, Inc. will post 0.13 EPS for the current fiscal year.

Krispy Kreme Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 6th. Stockholders of record on Wednesday, October 23rd will be given a dividend of $0.035 per share. This represents a $0.14 annualized dividend and a dividend yield of 1.28%. The ex-dividend date of this dividend is Wednesday, October 23rd. Krispy Kreme's dividend payout ratio is presently -51.85%.

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.