Harbour Capital Advisors LLC Invests $339,000 in Krispy Kreme, Inc. (NASDAQ:DNUT)

Harbour Capital Advisors LLC bought a new position in shares of Krispy Kreme, Inc. (NASDAQ:DNUT) in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 31,845 shares of the company’s stock, valued at approximately $339,000.

Other large investors have also made changes to their positions in the company. SG Americas Securities LLC raised its stake in Krispy Kreme by 1,058.1% in the 1st quarter. SG Americas Securities LLC now owns 209,100 shares of the company’s stock valued at $3,186,000 after purchasing an additional 191,044 shares during the last quarter. Capstone Investment Advisors LLC raised its stake in Krispy Kreme by 226.1% in the 1st quarter. Capstone Investment Advisors LLC now owns 172,339 shares of the company’s stock valued at $2,626,000 after purchasing an additional 119,486 shares during the last quarter. Samlyn Capital LLC raised its stake in Krispy Kreme by 120.5% in the 2nd quarter. Samlyn Capital LLC now owns 2,230,176 shares of the company’s stock valued at $23,997,000 after purchasing an additional 1,218,699 shares during the last quarter. Entropy Technologies LP acquired a new position in Krispy Kreme in the 1st quarter valued at $246,000. Finally, Driehaus Capital Management LLC raised its stake in Krispy Kreme by 121.7% in the 2nd quarter. Driehaus Capital Management LLC now owns 1,190,865 shares of the company’s stock valued at $12,814,000 after purchasing an additional 653,637 shares during the last quarter. 81.72% of the stock is owned by institutional investors and hedge funds.

Krispy Kreme Stock Performance

NASDAQ DNUT opened at $11.59 on Friday. The stock has a market cap of $1.96 billion, a PE ratio of -42.93, a P/E/G ratio of 3.15 and a beta of 1.41. The company has a current ratio of 0.34, a quick ratio of 0.26 and a debt-to-equity ratio of 0.73. Krispy Kreme, Inc. has a twelve month low of $9.18 and a twelve month high of $17.84. The stock has a fifty day simple moving average of $11.17 and a 200-day simple moving average of $11.53.

Krispy Kreme (NASDAQ:DNUT) last posted its earnings results on Thursday, August 8th. The company reported $0.05 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.05. Krispy Kreme had a positive return on equity of 1.12% and a negative net margin of 2.98%. The firm had revenue of $438.80 million for the quarter, compared to analyst estimates of $435.43 million. During the same quarter in the prior year, the company earned $0.04 EPS. Krispy Kreme’s revenue was up 7.3% on a year-over-year basis. Equities analysts anticipate 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 will be paid on Wednesday, November 6th. Investors of record on Wednesday, October 23rd will be paid a dividend of $0.035 per share. This represents a $0.14 annualized dividend and a yield of 1.21%. The ex-dividend date of this dividend is Wednesday, October 23rd. Krispy Kreme’s payout ratio is -51.85%.

Wall Street Analyst Weigh In

Several research analysts recently commented on DNUT shares. 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. Bank of America reduced their price objective on Krispy Kreme from $19.00 to $16.00 and set a “buy” rating for the company in a research note on Wednesday, July 17th. Hsbc Global Res upgraded Krispy Kreme from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 23rd. Finally, HSBC upgraded Krispy Kreme from a “hold” rating to a “buy” rating and set a $14.00 target price for the company in a report on Tuesday, July 23rd. Three investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $15.88.

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.