Krispy Kreme (NASDAQ:DNUT) Stock Price Up 5.1% – Still a Buy?

Krispy Kreme, Inc. (NASDAQ:DNUT) shares were up 5.1% during mid-day trading on Monday . The stock traded as high as $9.44 and last traded at $9.40. Approximately 1,476,132 shares were traded during trading, a decline of 15% from the average daily volume of 1,737,862 shares. The stock had previously closed at $8.94.

Wall Street Analyst Weigh In

DNUT has been the topic of several research analyst reports. Morgan Stanley dropped 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 report on Tuesday, January 21st. JPMorgan Chase & Co. reduced their target price on Krispy Kreme from $14.00 to $13.00 and set an “overweight” rating for the company in a research note on Tuesday, November 12th. Finally, Bank of America boosted their price target on Krispy Kreme from $15.00 to $16.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Three investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $15.25.

Krispy Kreme Trading Up 5.6 %

The firm has a market cap of $1.61 billion, a PE ratio of 55.44, a price-to-earnings-growth ratio of 3.04 and a beta of 1.36. The company has a 50-day simple moving average of $9.88 and a 200 day simple moving average of $10.67. 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 Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 5th. Stockholders of record on Wednesday, January 22nd will be given a dividend of $0.035 per share. This represents a $0.14 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date of this dividend is Wednesday, January 22nd. Krispy Kreme’s dividend payout ratio (DPR) is presently 82.35%.

Institutional Investors Weigh In On Krispy Kreme

A number of institutional investors have recently added to or reduced their stakes in DNUT. Point72 DIFC Ltd acquired a new stake in shares of Krispy Kreme in the third quarter worth approximately $51,000. Central Pacific Bank Trust Division purchased a new stake in shares of Krispy Kreme during the fourth quarter worth $71,000. Blue Trust Inc. raised its position in shares of Krispy Kreme by 28.3% in the third quarter. Blue Trust Inc. now owns 8,064 shares of the company’s stock valued at $87,000 after buying an additional 1,779 shares during the last quarter. First Hawaiian Bank purchased a new position in shares of Krispy Kreme in the fourth quarter worth about $111,000. Finally, nVerses Capital LLC acquired a new position in Krispy Kreme during the third quarter worth about $124,000. Institutional investors and hedge funds 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.