Krispy Kreme, Inc. (NASDAQ:DNUT) Shares Bought by SG Americas Securities LLC

SG Americas Securities LLC lifted its stake in shares of Krispy Kreme, Inc. (NASDAQ:DNUT) by 264.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. 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 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bamco Inc. NY grew its stake in shares of Krispy Kreme by 4.2% during the third quarter. Bamco Inc. NY now owns 10,481,319 shares of the company’s stock valued at $112,569,000 after acquiring an additional 425,630 shares in the last quarter. Banco Santander S.A. grew its stake in Krispy Kreme by 0.3% during the 3rd quarter. Banco Santander S.A. now owns 6,916,972 shares of the company’s stock valued at $74,288,000 after purchasing an additional 21,723 shares in the last quarter. Millennium Management LLC increased its holdings in Krispy Kreme by 136.7% during the 2nd quarter. Millennium Management LLC now owns 3,500,855 shares of the company’s stock worth $37,669,000 after purchasing an additional 2,021,974 shares during the last quarter. Geode Capital Management LLC increased its holdings in Krispy Kreme by 2.3% during the 3rd quarter. Geode Capital Management LLC now owns 2,099,645 shares of the company’s stock worth $22,555,000 after purchasing an additional 48,203 shares during the last quarter. Finally, Paloma Partners Management Co raised its position in shares of Krispy Kreme by 6,993.4% in the 3rd quarter. Paloma Partners Management Co now owns 872,068 shares of the company’s stock valued at $9,366,000 after purchasing an additional 859,774 shares in the last quarter. 81.72% of the stock is owned by institutional investors and hedge funds.

Krispy Kreme Stock Performance

Shares of DNUT opened at $9.16 on Thursday. The company has a market capitalization of $1.56 billion, a PE ratio of 53.88, a price-to-earnings-growth ratio of 3.04 and a beta of 1.36. Krispy Kreme, Inc. has a one year low of $8.44 and a one year high of $17.84. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.35 and a quick ratio of 0.28. The company’s fifty day moving average price is $9.78 and its 200 day moving average price is $10.65.

Krispy Kreme Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 5th. Stockholders of record on Wednesday, January 22nd will be issued a dividend of $0.035 per share. The ex-dividend date of this dividend is Wednesday, January 22nd. This represents a $0.14 annualized dividend and a dividend yield of 1.53%. Krispy Kreme’s payout ratio is 82.35%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Bank of America upped their target price on shares of Krispy Kreme from $15.00 to $16.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Morgan Stanley reduced their price target on shares of Krispy Kreme from $14.00 to $12.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 21st. Finally, JPMorgan Chase & Co. reduced 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. Three research 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’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $15.25.

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.