Paloma Partners Management Co Raises Holdings in Krispy Kreme, Inc. (NASDAQ:DNUT)

Paloma Partners Management Co increased its holdings in Krispy Kreme, Inc. (NASDAQ:DNUT) by 6,993.4% in the third quarter, HoldingsChannel.com reports. The firm owned 872,068 shares of the company’s stock after buying an additional 859,774 shares during the quarter. Paloma Partners Management Co’s holdings in Krispy Kreme were worth $9,366,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Landscape Capital Management L.L.C. increased its holdings in shares of Krispy Kreme by 86.1% in the third quarter. Landscape Capital Management L.L.C. now owns 216,559 shares of the company’s stock valued at $2,326,000 after purchasing an additional 100,163 shares during the last quarter. Samlyn Capital LLC boosted its position 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 during the period. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Krispy Kreme during the third quarter worth $810,000. Driehaus Capital Management LLC boosted its position in shares of Krispy Kreme by 121.7% during the second quarter. Driehaus Capital Management LLC now owns 1,190,865 shares of the company’s stock worth $12,814,000 after buying an additional 653,637 shares during the period. Finally, Blue Trust Inc. purchased a new position in shares of Krispy Kreme during the second quarter worth $68,000. Institutional investors and hedge funds own 81.72% of the company’s stock.

Wall Street Analysts Forecast Growth

DNUT has been the topic of a number of analyst reports. Bank of America raised their price target on Krispy Kreme from $15.00 to $16.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. JPMorgan Chase & Co. dropped their price target on Krispy Kreme from $14.00 to $13.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 12th. Evercore ISI restated an “in-line” rating and issued a $13.00 price target on shares of Krispy Kreme in a research report on Tuesday, August 27th. Finally, Morgan Stanley initiated coverage on Krispy Kreme in a research report on Tuesday, November 5th. They set an “equal weight” rating and a $14.00 target price on the stock. Four investment analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $15.56.

Krispy Kreme Trading Up 0.3 %

Krispy Kreme stock opened at $11.02 on Monday. The firm’s 50 day moving average price is $11.21 and its two-hundred day moving average price is $11.06. Krispy Kreme, Inc. has a 1 year low of $9.18 and a 1 year high of $17.84. 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 firm has a market cap of $1.87 billion, a price-to-earnings ratio of 64.82, a price-to-earnings-growth ratio of 4.63 and a beta of 1.39.

Krispy Kreme Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 6th. Investors of record on Wednesday, October 23rd were paid a $0.035 dividend. This represents a $0.14 annualized dividend and a dividend yield of 1.27%. The ex-dividend date of this dividend was Wednesday, October 23rd. Krispy Kreme’s payout ratio is presently 82.35%.

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.