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

Krispy Kreme, Inc. (NASDAQ:DNUT) was the recipient of a significant decline in short interest during the month of October. As of October 31st, there was short interest totalling 16,450,000 shares, a decline of 7.0% from the October 15th total of 17,680,000 shares. Approximately 19.9% of the shares of the stock are short sold. Based on an average daily volume of 1,430,000 shares, the short-interest ratio is presently 11.5 days.

Hedge Funds Weigh In On Krispy Kreme

A number of institutional investors and hedge funds have recently made changes to their positions in DNUT. Point72 DIFC Ltd bought a new stake in shares of Krispy Kreme in the 3rd quarter worth approximately $51,000. Blue Trust Inc. purchased a new stake in shares of Krispy Kreme in the second quarter worth $68,000. nVerses Capital LLC bought a new position in shares of Krispy Kreme during the third quarter valued at $124,000. Tidal Investments LLC bought a new position in shares of Krispy Kreme during the first quarter valued at $154,000. Finally, American Century Companies Inc. purchased a new position in shares of Krispy Kreme in the 2nd quarter worth about $185,000. Institutional investors own 81.72% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on DNUT shares. Bank of America increased their price objective on Krispy Kreme from $15.00 to $16.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Evercore ISI reissued an “in-line” rating and set a $13.00 price target on shares of Krispy Kreme in a research report on Tuesday, August 27th. HSBC raised Krispy Kreme from a “hold” rating to a “buy” rating and set a $14.00 target price on the stock in a research note on Tuesday, July 23rd. Hsbc Global Res upgraded shares of Krispy Kreme from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 23rd. Finally, Morgan Stanley started coverage on shares of Krispy Kreme in a research note on Tuesday, November 5th. They set an “equal weight” rating and a $14.00 target price on the stock. Four investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $15.56.

Krispy Kreme Stock Performance

Shares of DNUT stock opened at $10.89 on Monday. The company’s fifty day moving average price is $11.39 and its 200-day moving average price is $11.16. The stock has a market cap of $1.85 billion, a PE ratio of 64.06, a price-to-earnings-growth ratio of 2.73 and a beta of 1.39. The company has a current ratio of 0.35, a quick ratio of 0.26 and a debt-to-equity ratio of 0.67. Krispy Kreme has a 12 month low of $9.18 and a 12 month high of $17.84.

Krispy Kreme Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 6th. Investors of record on Wednesday, October 23rd were paid a dividend of $0.035 per share. This represents a $0.14 annualized dividend and a yield of 1.29%. The ex-dividend date was Wednesday, October 23rd. Krispy Kreme’s payout ratio is currently 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.