Edgestream Partners L.P. Makes New Investment in Krispy Kreme, Inc. (NASDAQ:DNUT)

Edgestream Partners L.P. purchased a new stake in Krispy Kreme, Inc. (NASDAQ:DNUT) in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 50,601 shares of the company’s stock, valued at approximately $543,000.

Other large investors also recently made changes to their positions in the company. Landscape Capital Management L.L.C. boosted its stake in Krispy Kreme by 86.1% in the 3rd quarter. Landscape Capital Management L.L.C. now owns 216,559 shares of the company’s stock worth $2,326,000 after purchasing an additional 100,163 shares during the period. Samlyn Capital LLC grew its holdings in shares of Krispy Kreme by 120.5% during the second quarter. Samlyn Capital LLC now owns 2,230,176 shares of the company’s stock worth $23,997,000 after buying an additional 1,218,699 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Krispy Kreme in the 3rd quarter valued at approximately $810,000. Driehaus Capital Management LLC lifted its stake in Krispy Kreme by 121.7% in the 2nd quarter. Driehaus Capital Management LLC now owns 1,190,865 shares of the company’s stock valued at $12,814,000 after acquiring an additional 653,637 shares in the last quarter. Finally, Blue Trust Inc. acquired a new position in Krispy Kreme during the 2nd quarter worth approximately $68,000. Institutional investors own 81.72% of the company’s stock.

Krispy Kreme Stock Performance

Shares of NASDAQ DNUT opened at $10.43 on Friday. The company has a current ratio of 0.35, a quick ratio of 0.28 and a debt-to-equity ratio of 0.67. The company has a market capitalization of $1.77 billion, a P/E ratio of 61.35, a P/E/G ratio of 4.57 and a beta of 1.34. Krispy Kreme, Inc. has a 12 month low of $9.18 and a 12 month high of $17.84. The stock has a 50 day moving average of $11.18 and a 200-day moving average of $11.03.

Krispy Kreme Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 6th. Shareholders of record on Wednesday, October 23rd were issued a $0.035 dividend. The ex-dividend date was Wednesday, October 23rd. This represents a $0.14 annualized dividend and a dividend yield of 1.34%. Krispy Kreme’s dividend payout ratio is currently 82.35%.

Analyst Upgrades and Downgrades

DNUT has been the topic of a number of research reports. Bank of America boosted their price objective 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. Evercore ISI reissued an “in-line” rating and set a $13.00 price target on shares of Krispy Kreme in a research report on Tuesday, August 27th. Morgan Stanley initiated coverage on Krispy Kreme in a report on Tuesday, November 5th. They issued an “equal weight” rating and a $14.00 price objective for the company. Finally, JPMorgan Chase & Co. reduced their price target on Krispy Kreme from $14.00 to $13.00 and set an “overweight” rating for the company in a research report on Tuesday, November 12th. Four equities 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 stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price 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.