Brokerages Set Krispy Kreme, Inc. (NASDAQ:DNUT) PT at $15.88

Krispy Kreme, Inc. (NASDAQ:DNUT) has received an average recommendation of “Moderate Buy” from the nine analysts that are presently covering the company, MarketBeat reports. Three investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $15.88.

Several equities research analysts recently commented on the company. Bank of America decreased their target price 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 shares of Krispy Kreme from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 23rd. JPMorgan Chase & Co. assumed coverage on shares of Krispy Kreme in a research note on Monday, June 3rd. They set an “overweight” rating and a $14.00 target price on the stock. HSBC upgraded shares of Krispy Kreme from a “hold” rating to a “buy” rating and set a $14.00 price target for the company in a report on Tuesday, July 23rd. Finally, Truist Financial upgraded shares of Krispy Kreme from a “hold” rating to a “buy” rating and upped their price objective for the company from $13.00 to $15.00 in a report on Monday, June 10th.

Krispy Kreme Trading Down 1.7 %

NASDAQ:DNUT opened at $10.92 on Friday. Krispy Kreme has a 52 week low of $9.18 and a 52 week high of $17.84. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.26 and a current ratio of 0.34. The firm’s fifty day moving average is $11.00 and its 200-day moving average is $11.77. The firm has a market cap of $1.84 billion, a P/E ratio of -40.44, a P/E/G ratio of 3.54 and a beta of 1.41.

Krispy Kreme (NASDAQ:DNUT) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.05 EPS for the quarter, meeting analysts’ consensus estimates of $0.05. Krispy Kreme had a negative net margin of 2.98% and a positive return on equity of 1.12%. The business had revenue of $438.80 million for the quarter, compared to analysts’ expectations of $435.43 million. During the same quarter in the prior year, the firm posted $0.04 earnings per share. The business’s quarterly revenue was up 7.3% compared to the same quarter last year. Equities analysts expect that Krispy Kreme will post 0.13 earnings per share for the current year.

Krispy Kreme Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 6th. Stockholders of record on Wednesday, October 23rd will be paid a $0.035 dividend. This represents a $0.14 annualized dividend and a dividend yield of 1.28%. The ex-dividend date of this dividend is Wednesday, October 23rd. Krispy Kreme’s dividend payout ratio (DPR) is presently -51.85%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of DNUT. Blue Trust Inc. purchased a new position in Krispy Kreme during the 2nd quarter worth $68,000. Tidal Investments LLC purchased a new stake in Krispy Kreme in the 1st quarter valued at about $154,000. Victory Capital Management Inc. bought a new position in shares of Krispy Kreme during the 4th quarter worth approximately $157,000. Armistice Capital LLC purchased a new position in shares of Krispy Kreme in the 4th quarter worth approximately $170,000. Finally, Sciencast Management LP bought a new position in shares of Krispy Kreme in the first quarter valued at approximately $223,000. Hedge funds and other institutional investors own 81.72% of the company’s stock.

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.