Landscape Capital Management L.L.C. Has $2.33 Million Stock Position in Krispy Kreme, Inc. (NASDAQ:DNUT)

Landscape Capital Management L.L.C. grew its stake in shares of Krispy Kreme, Inc. (NASDAQ:DNUT) by 86.1% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 216,559 shares of the company’s stock after acquiring an additional 100,163 shares during the period. Landscape Capital Management L.L.C.’s holdings in Krispy Kreme were worth $2,326,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Intech Investment Management LLC acquired a new stake in shares of Krispy Kreme during the 3rd quarter valued at $278,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in Krispy Kreme in the third quarter valued at about $810,000. Connable Office Inc. boosted its stake in shares of Krispy Kreme by 98.3% during the third quarter. Connable Office Inc. now owns 29,968 shares of the company’s stock valued at $322,000 after purchasing an additional 14,859 shares in the last quarter. Sargent Investment Group LLC acquired a new position in shares of Krispy Kreme in the third quarter valued at approximately $215,000. Finally, Versor Investments LP bought a new position in Krispy Kreme in the 3rd quarter valued at approximately $411,000. 81.72% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently commented on DNUT. Morgan Stanley assumed coverage on shares of 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. Bank of America lifted their price target on shares of Krispy Kreme from $15.00 to $16.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Evercore ISI reissued an “in-line” rating and issued a $13.00 price objective on shares of Krispy Kreme in a research note on Tuesday, August 27th. Finally, JPMorgan Chase & Co. cut their target price on Krispy Kreme from $14.00 to $13.00 and set an “overweight” rating on the stock in a report on Tuesday, November 12th. Four equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $15.56.

Krispy Kreme Stock Performance

Shares of Krispy Kreme stock opened at $11.01 on Friday. The company has a market cap of $1.87 billion, a P/E ratio of 64.76, a PEG ratio of 4.44 and a beta of 1.39. The company has a current ratio of 0.35, a quick ratio of 0.28 and a debt-to-equity ratio of 0.67. The business has a 50-day moving average price of $11.35 and a two-hundred day moving average price of $11.13. Krispy Kreme, Inc. has a 1-year low of $9.18 and a 1-year high of $17.84.

Krispy Kreme Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 6th. Shareholders of record on Wednesday, October 23rd were issued a dividend of $0.035 per share. This represents a $0.14 dividend on an annualized basis and a dividend yield of 1.27%. 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.