Krispy Kreme, Inc. (NASDAQ:DNUT) Shares Sold by Walkner Condon Financial Advisors LLC

Walkner Condon Financial Advisors LLC decreased its holdings in Krispy Kreme, Inc. (NASDAQ:DNUT) by 35.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 20,685 shares of the company’s stock after selling 11,547 shares during the quarter. Walkner Condon Financial Advisors LLC’s holdings in Krispy Kreme were worth $205,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Point72 DIFC Ltd acquired a new stake in Krispy Kreme during the 3rd quarter valued at $51,000. Central Pacific Bank Trust Division acquired a new stake in Krispy Kreme during the 4th quarter valued at $71,000. Blue Trust Inc. raised its stake in Krispy Kreme by 28.3% during the 3rd quarter. Blue Trust Inc. now owns 8,064 shares of the company’s stock valued at $87,000 after purchasing an additional 1,779 shares during the period. First Hawaiian Bank acquired a new stake in Krispy Kreme during the 4th quarter valued at $111,000. Finally, nVerses Capital LLC acquired a new stake in Krispy Kreme during the 3rd quarter valued at $124,000. 81.72% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Morgan Stanley cut their target price on shares of Krispy Kreme from $14.00 to $12.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 21st. 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, November 12th. Finally, Bank of America boosted their price target on shares of Krispy Kreme from $15.00 to $16.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Three 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 company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $15.25.

Krispy Kreme Trading Down 1.9 %

Shares of NASDAQ:DNUT opened at $8.55 on Friday. The stock has a market capitalization of $1.45 billion, a PE ratio of 50.29, a P/E/G ratio of 3.11 and a beta of 1.34. Krispy Kreme, Inc. has a 1 year low of $8.34 and a 1 year high of $17.84. The firm has a fifty day moving average price of $9.28 and a 200 day moving average price of $10.47. The company has a current ratio of 0.35, a quick ratio of 0.28 and a debt-to-equity ratio of 0.67.

Krispy Kreme Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 7th. Investors of record on Wednesday, April 23rd will be issued a $0.035 dividend. This represents a $0.14 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date is Wednesday, April 23rd. Krispy Kreme’s dividend payout ratio is presently 82.35%.

About Krispy Kreme

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.