Analysts Set Krispy Kreme, Inc. (NASDAQ:DNUT) Price Target at $15.25

Krispy Kreme, Inc. (NASDAQ:DNUT) has earned a consensus recommendation of “Moderate Buy” from the nine brokerages that are covering the stock, MarketBeat Ratings reports. Three 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. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $15.25.

Several research firms have recently commented on DNUT. JPMorgan Chase & Co. lowered their target price on Krispy Kreme from $14.00 to $13.00 and set an “overweight” rating for the company in a report on Tuesday, November 12th. Morgan Stanley lowered their price objective on Krispy Kreme from $14.00 to $12.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 21st.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Spartan Fund Management Inc. raised its stake in shares of Krispy Kreme by 150.0% during the fourth quarter. Spartan Fund Management Inc. now owns 5,000 shares of the company’s stock valued at $50,000 after purchasing an additional 3,000 shares in the last quarter. Point72 DIFC Ltd bought a new stake in shares of Krispy Kreme during the 3rd quarter worth about $51,000. Central Pacific Bank Trust Division acquired a new stake in shares of Krispy Kreme in the 4th quarter worth approximately $71,000. Blue Trust Inc. boosted its holdings 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 acquiring an additional 1,779 shares in the last quarter. Finally, First Hawaiian Bank acquired a new position in shares of Krispy Kreme during the fourth quarter valued at approximately $111,000. Institutional investors own 81.72% of the company’s stock.

Krispy Kreme Stock Performance

Krispy Kreme stock opened at $7.13 on Wednesday. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.35 and a quick ratio of 0.28. Krispy Kreme has a 12 month low of $6.35 and a 12 month high of $17.84. The company has a fifty day moving average price of $9.11 and a two-hundred day moving average price of $10.40. The company has a market cap of $1.21 billion, a PE ratio of 41.94, a P/E/G ratio of 3.24 and a beta of 1.34.

Krispy Kreme (NASDAQ:DNUT) last posted its quarterly earnings results on Tuesday, February 25th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.09). The business had revenue of $404.00 million during the quarter, compared to analyst estimates of $413.18 million. Krispy Kreme had a net margin of 1.64% and a return on equity of 0.53%. The company’s quarterly revenue was down 10.4% on a year-over-year basis. During the same period last year, the firm posted $0.09 earnings per share. Research analysts expect that Krispy Kreme will post 0.07 earnings per share for the current year.

Krispy Kreme Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 7th. Shareholders of record on Wednesday, April 23rd will be paid a dividend of $0.035 per share. This represents a $0.14 annualized dividend and a yield of 1.96%. The ex-dividend date is Wednesday, April 23rd. Krispy Kreme’s payout ratio is currently 82.35%.

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.