Krispy Kreme, Inc. (NASDAQ:DNUT) Receives $15.88 Average PT from Analysts

Krispy Kreme, Inc. (NASDAQ:DNUT) has been given an average recommendation of “Moderate Buy” by the nine research firms that are covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $15.88.

Several equities analysts have commented on the company. Evercore ISI reiterated an “in-line” rating and set a $13.00 price target on shares of Krispy Kreme in a report on Tuesday, August 27th. Bank of America raised their price target on shares of Krispy Kreme from $15.00 to $16.00 and gave the stock a “buy” rating in a research note on Tuesday. Hsbc Global Res upgraded Krispy Kreme from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 23rd. Finally, HSBC raised 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.

Institutional Investors Weigh In On Krispy Kreme

Large investors have recently bought and sold shares of the business. Blue Trust Inc. acquired a new position in Krispy Kreme in the second quarter worth $68,000. nVerses Capital LLC bought a new position in shares of Krispy Kreme in the third quarter valued at about $124,000. Tidal Investments LLC acquired a new position in Krispy Kreme during the 1st quarter worth about $154,000. American Century Companies Inc. bought a new stake in Krispy Kreme during the 2nd quarter worth about $185,000. Finally, Sei Investments Co. bought a new stake in Krispy Kreme during the 2nd quarter worth about $198,000. 81.72% of the stock is currently owned by institutional investors.

Krispy Kreme Trading Down 2.2 %

NASDAQ DNUT opened at $11.43 on Thursday. The company has a market capitalization of $1.93 billion, a PE ratio of -42.33, a price-to-earnings-growth ratio of 3.15 and a beta of 1.41. Krispy Kreme has a 1-year low of $9.18 and a 1-year high of $17.84. The company has a current ratio of 0.34, a quick ratio of 0.26 and a debt-to-equity ratio of 0.73. The firm’s fifty day simple moving average is $11.22 and its 200-day simple moving average is $11.44.

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

Krispy Kreme Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 6th. Stockholders of record on Wednesday, October 23rd will be issued a $0.035 dividend. This represents a $0.14 annualized dividend and a dividend yield of 1.22%. The ex-dividend date is Wednesday, October 23rd. Krispy Kreme’s payout ratio is currently -51.85%.

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.