Blue Trust Inc. Sells 1,120 Shares of Krispy Kreme, Inc. (NASDAQ:DNUT)

Blue Trust Inc. trimmed its stake in Krispy Kreme, Inc. (NASDAQ:DNUT) by 13.9% during the fourth quarter, Holdings Channel reports. The fund owned 6,944 shares of the company’s stock after selling 1,120 shares during the quarter. Blue Trust Inc.’s holdings in Krispy Kreme were worth $75,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Point72 DIFC Ltd bought a new position in shares of Krispy Kreme in the 3rd quarter valued at approximately $51,000. Central Pacific Bank Trust Division bought a new position in shares of Krispy Kreme in the 4th quarter valued at approximately $71,000. First Hawaiian Bank bought a new position in shares of Krispy Kreme in the 4th quarter valued at approximately $111,000. Franklin Resources Inc. increased its position in Krispy Kreme by 30.7% in the 3rd quarter. Franklin Resources Inc. now owns 14,467 shares of the company’s stock worth $158,000 after buying an additional 3,395 shares during the period. Finally, Sargent Investment Group LLC bought a new position in Krispy Kreme in the 3rd quarter worth approximately $215,000. 81.72% of the stock is owned by institutional investors.

Krispy Kreme Price Performance

Shares of DNUT stock opened at $9.15 on Monday. The stock’s fifty day simple moving average is $9.18 and its 200 day simple moving average is $10.44. 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 firm has a market cap of $1.56 billion, a price-to-earnings ratio of 53.82, a P/E/G ratio of 3.24 and a beta of 1.34. Krispy Kreme, Inc. has a one year low of $8.34 and a one year high of $17.84.

Krispy Kreme Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 7th. Shareholders of record on Wednesday, April 23rd will be paid a $0.035 dividend. This represents a $0.14 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date is Wednesday, April 23rd. Krispy Kreme’s dividend payout ratio is currently 82.35%.

Wall Street Analyst Weigh In

Several research analysts have commented on DNUT shares. 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. Morgan Stanley dropped their price target on 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. Three research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $15.25.

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.