Walkner Condon Financial Advisors LLC Buys Shares of 32,232 Krispy Kreme, Inc. (NASDAQ:DNUT)

Walkner Condon Financial Advisors LLC purchased a new position in Krispy Kreme, Inc. (NASDAQ:DNUT) during the third quarter, Holdings Channel.com reports. The firm purchased 32,232 shares of the company’s stock, valued at approximately $346,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Bamco Inc. NY lifted its stake in Krispy Kreme by 2.6% in the first quarter. Bamco Inc. NY now owns 9,734,467 shares of the company’s stock valued at $148,305,000 after acquiring an additional 246,600 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Krispy Kreme by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 8,548,548 shares of the company’s stock valued at $130,237,000 after purchasing an additional 67,130 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Krispy Kreme by 38.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,779,882 shares of the company’s stock valued at $40,670,000 after purchasing an additional 1,042,345 shares during the last quarter. Millennium Management LLC boosted its holdings in Krispy Kreme by 136.7% in the second quarter. Millennium Management LLC now owns 3,500,855 shares of the company’s stock worth $37,669,000 after purchasing an additional 2,021,974 shares in the last quarter. Finally, Samlyn Capital LLC increased its position in 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 last quarter. 81.72% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Bank of America upped their price target on Krispy Kreme from $15.00 to $16.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Morgan Stanley assumed coverage on Krispy Kreme in a report on Tuesday. They set an “equal weight” rating and a $14.00 price target on the stock. HSBC upgraded shares of Krispy Kreme from a “hold” rating to a “buy” rating and set a $14.00 price objective for the company in a research note on Tuesday, July 23rd. Evercore ISI reiterated an “in-line” rating and issued a $13.00 target price on shares of Krispy Kreme in a research note on Tuesday, August 27th. Finally, Hsbc Global Res raised shares of Krispy Kreme from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 23rd. 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 company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $15.67.

Krispy Kreme Stock Down 4.5 %

Shares of DNUT opened at $11.86 on Friday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.26 and a current ratio of 0.34. The company has a 50-day simple moving average of $11.42 and a 200-day simple moving average of $11.26. Krispy Kreme, Inc. has a 52 week low of $9.18 and a 52 week high of $17.84. The firm has a market capitalization of $2.01 billion, a P/E ratio of -39.52, a P/E/G ratio of 2.98 and a beta of 1.39.

Krispy Kreme (NASDAQ:DNUT) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.05 EPS for the quarter, hitting analysts’ consensus estimates of $0.05. The company had revenue of $438.80 million during the quarter, compared to the consensus estimate of $435.43 million. Krispy Kreme had a positive return on equity of 1.12% and a negative net margin of 2.98%. The company’s quarterly revenue was up 7.3% on a year-over-year basis. During the same quarter last year, the company earned $0.04 EPS. On average, equities research analysts expect that Krispy Kreme, Inc. will post 0.13 earnings per share for the current year.

Krispy Kreme Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 6th. Investors of record on Wednesday, October 23rd were given a $0.035 dividend. The ex-dividend date of this dividend was Wednesday, October 23rd. This represents a $0.14 annualized dividend and a yield of 1.18%. Krispy Kreme’s dividend payout ratio (DPR) is currently -46.67%.

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.