First Hawaiian Bank Takes $111,000 Position in Krispy Kreme, Inc. (NASDAQ:DNUT)

First Hawaiian Bank purchased a new position in Krispy Kreme, Inc. (NASDAQ:DNUT) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 11,128 shares of the company’s stock, valued at approximately $111,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Stifel Financial Corp increased its position in shares of Krispy Kreme by 2.5% during the third quarter. Stifel Financial Corp now owns 38,658 shares of the company’s stock worth $415,000 after acquiring an additional 958 shares during the period. The Manufacturers Life Insurance Company raised its position in Krispy Kreme by 2.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 50,819 shares of the company’s stock valued at $547,000 after purchasing an additional 1,399 shares in the last quarter. Blue Trust Inc. lifted its holdings in shares of Krispy Kreme by 28.3% in the 3rd quarter. Blue Trust Inc. now owns 8,064 shares of the company’s stock worth $87,000 after buying an additional 1,779 shares during the period. Franklin Resources Inc. increased its stake in shares of Krispy Kreme by 30.7% during the third quarter. Franklin Resources Inc. now owns 14,467 shares of the company’s stock valued at $158,000 after buying an additional 3,395 shares during the period. Finally, Point72 Asset Management L.P. increased its stake in shares of Krispy Kreme by 8.7% during the second quarter. Point72 Asset Management L.P. now owns 47,294 shares of the company’s stock valued at $509,000 after buying an additional 3,794 shares during the period. Institutional investors own 81.72% of the company’s stock.

Krispy Kreme Price Performance

Shares of DNUT opened at $9.26 on Friday. Krispy Kreme, Inc. has a twelve month low of $9.18 and a twelve month high of $17.84. The company has a 50 day moving average of $10.43 and a two-hundred day moving average of $10.77. The company has a quick ratio of 0.28, a current ratio of 0.35 and a debt-to-equity ratio of 0.67. The company has a market cap of $1.57 billion, a price-to-earnings ratio of 54.47, a price-to-earnings-growth ratio of 4.15 and a beta of 1.34.

Krispy Kreme Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 5th. Investors of record on Wednesday, January 22nd will be paid a dividend of $0.035 per share. The ex-dividend date of this dividend is Wednesday, January 22nd. This represents a $0.14 annualized dividend and a yield of 1.51%. Krispy Kreme’s dividend payout ratio (DPR) is 82.35%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on DNUT shares. JPMorgan Chase & Co. lowered their price objective on shares of Krispy Kreme from $14.00 to $13.00 and set an “overweight” rating for the company in a research note on Tuesday, November 12th. Morgan Stanley initiated coverage on shares of Krispy Kreme in a research note on Tuesday, November 5th. They set an “equal weight” rating and a $14.00 price objective on the stock. Finally, Bank of America boosted their price objective on shares of Krispy Kreme from $15.00 to $16.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Four investment 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. Based on data from MarketBeat.com, Krispy Kreme currently has a consensus rating of “Moderate Buy” and an average target price of $15.56.

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.