Sargent Investment Group LLC Buys Shares of 20,000 Krispy Kreme, Inc. (NASDAQ:DNUT)

Sargent Investment Group LLC purchased a new position in shares of Krispy Kreme, Inc. (NASDAQ:DNUT) in the 3rd quarter, Holdings Channel.com reports. The institutional investor purchased 20,000 shares of the company’s stock, valued at approximately $215,000.

Other large investors also recently added to or reduced their stakes in the company. Blue Trust Inc. purchased a new stake in Krispy Kreme during the second quarter valued at about $68,000. nVerses Capital LLC bought a new stake in shares of Krispy Kreme in the third quarter valued at approximately $124,000. Tidal Investments LLC purchased a new stake in shares of Krispy Kreme during the 1st quarter valued at approximately $154,000. American Century Companies Inc. bought a new position in Krispy Kreme in the 2nd quarter worth approximately $185,000. Finally, Sei Investments Co. purchased a new position in Krispy Kreme in the 2nd quarter valued at approximately $198,000. Hedge funds and other institutional investors own 81.72% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on DNUT shares. HSBC upgraded Krispy Kreme from a “hold” rating to a “buy” rating and set a $14.00 target price on the stock in a research report on Tuesday, July 23rd. Hsbc Global Res upgraded Krispy Kreme from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 23rd. JPMorgan Chase & Co. lowered their price target on shares of Krispy Kreme from $14.00 to $13.00 and set an “overweight” rating on the stock in a report on Tuesday. Evercore ISI reaffirmed an “in-line” rating and set a $13.00 target price on shares of Krispy Kreme in a report on Tuesday, August 27th. Finally, Morgan Stanley initiated coverage on shares of Krispy Kreme in a report on Tuesday, November 5th. They issued an “equal weight” rating and a $14.00 price target for the company. Four 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 data from MarketBeat.com, Krispy Kreme presently has an average rating of “Moderate Buy” and an average price target of $15.56.

Krispy Kreme Stock Up 1.8 %

DNUT opened at $11.08 on Friday. The business’s fifty day simple moving average is $11.40 and its 200 day simple moving average is $11.20. Krispy Kreme, Inc. has a 52 week low of $9.18 and a 52 week high of $17.84. The company has a quick ratio of 0.26, a current ratio of 0.35 and a debt-to-equity ratio of 0.67. The stock has a market cap of $1.88 billion, a PE ratio of 65.18, a P/E/G ratio of 2.73 and a beta of 1.39.

Krispy Kreme Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 6th. Investors of record on Wednesday, October 23rd were issued a dividend of $0.035 per share. The ex-dividend date of this dividend was Wednesday, October 23rd. This represents a $0.14 dividend on an annualized basis and a dividend yield of 1.26%. Krispy Kreme’s dividend payout ratio is 82.35%.

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.