Krispy Kreme (NASDAQ:DNUT) Coverage Initiated by Analysts at Morgan Stanley

Morgan Stanley started coverage on shares of Krispy Kreme (NASDAQ:DNUT) in a research report report published on Tuesday, StockNewsAPI reports. The firm issued an equal weight rating and a $14.00 price target on the stock.

Several other equities analysts have also recently weighed in on the stock. Evercore ISI reaffirmed an “in-line” rating and set a $13.00 target price on shares of Krispy Kreme in a research note on Tuesday, August 27th. Hsbc Global Res upgraded Krispy Kreme from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 23rd. HSBC raised Krispy Kreme from a “hold” rating to a “buy” rating and set a $14.00 price objective on the stock in a research note on Tuesday, July 23rd. Finally, Bank of America raised their target price on shares of Krispy Kreme from $15.00 to $16.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Four equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $15.67.

Krispy Kreme Stock Up 3.3 %

Shares of DNUT stock opened at $12.21 on Tuesday. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.34 and a quick ratio of 0.26. Krispy Kreme has a one year low of $9.18 and a one year high of $17.84. The company’s fifty day moving average price is $11.35 and its 200-day moving average price is $11.26. The company has a market capitalization of $2.07 billion, a price-to-earnings ratio of -40.70, a PEG ratio of 2.91 and a beta of 1.39.

Krispy Kreme (NASDAQ:DNUT) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.05 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.05. The firm had revenue of $438.80 million during 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 quarterly revenue was up 7.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.04 earnings per share. Sell-side analysts expect that Krispy Kreme will post 0.13 EPS for the current fiscal year.

Krispy Kreme Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 6th. Investors of record on Wednesday, October 23rd will be paid a $0.035 dividend. The ex-dividend date is Wednesday, October 23rd. This represents a $0.14 annualized dividend and a dividend yield of 1.15%. Krispy Kreme’s dividend payout ratio is presently -46.67%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. SG Americas Securities LLC increased its holdings 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 worth $3,186,000 after acquiring an additional 191,044 shares in the last quarter. Samlyn Capital LLC raised its position in shares of Krispy Kreme by 120.5% during the 2nd quarter. Samlyn Capital LLC now owns 2,230,176 shares of the company’s stock worth $23,997,000 after purchasing an additional 1,218,699 shares during the last quarter. Entropy Technologies LP purchased a new position in Krispy Kreme in the 1st quarter valued at about $246,000. Driehaus Capital Management LLC boosted its holdings 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 worth $12,814,000 after buying an additional 653,637 shares during the last quarter. Finally, ProShare Advisors LLC increased its stake in Krispy Kreme by 8.5% during the 1st quarter. ProShare Advisors LLC now owns 15,739 shares of the company’s stock worth $240,000 after buying an additional 1,239 shares in the last quarter. 81.72% of the stock is owned by institutional investors and hedge funds.

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.