Krispy Kreme, Inc. (NASDAQ:DNUT) Short Interest Update

Krispy Kreme, Inc. (NASDAQ:DNUT) was the target of a large increase in short interest in November. As of November 15th, there was short interest totalling 18,170,000 shares, an increase of 10.5% from the October 31st total of 16,450,000 shares. Approximately 21.9% of the company’s stock are sold short. Based on an average daily volume of 1,410,000 shares, the short-interest ratio is presently 12.9 days.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on DNUT. Evercore ISI reaffirmed an “in-line” rating and set a $13.00 price target on shares of Krispy Kreme in a report on Tuesday, August 27th. JPMorgan Chase & Co. lowered their target price on shares of Krispy Kreme from $14.00 to $13.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 12th. Morgan Stanley began coverage on shares of Krispy Kreme in a research note on Tuesday, November 5th. They issued an “equal weight” rating and a $14.00 price target for the company. Finally, Bank of America increased their price objective on shares of Krispy Kreme from $15.00 to $16.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Four 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 stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $15.56.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Millennium Management LLC raised its stake 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 acquiring an additional 2,021,974 shares during the period. Marshall Wace LLP purchased a new position in shares of Krispy Kreme during the 2nd quarter valued at $18,765,000. Samlyn Capital LLC boosted its holdings in Krispy Kreme by 120.5% in the 2nd 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. Dimensional Fund Advisors LP increased its stake in Krispy Kreme by 38.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,779,882 shares of the company’s stock worth $40,670,000 after buying an additional 1,042,345 shares in the last quarter. Finally, Paloma Partners Management Co raised its holdings in Krispy Kreme by 6,993.4% during the third quarter. Paloma Partners Management Co now owns 872,068 shares of the company’s stock valued at $9,366,000 after acquiring an additional 859,774 shares during the period. Institutional investors own 81.72% of the company’s stock.

Krispy Kreme Trading Up 0.2 %

Shares of DNUT stock opened at $10.91 on Wednesday. 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 has a market cap of $1.85 billion, a price-to-earnings ratio of 64.06, a PEG ratio of 4.60 and a beta of 1.34. Krispy Kreme has a 1 year low of $9.18 and a 1 year high of $17.84. The firm has a fifty day moving average price of $11.20 and a 200-day moving average price of $11.04.

Krispy Kreme Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 6th. Shareholders of record on Wednesday, October 23rd were given a $0.035 dividend. This represents a $0.14 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date of this dividend was Wednesday, October 23rd. Krispy Kreme’s payout ratio is 82.35%.

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.