Krispy Kreme, Inc. (NASDAQ:DNUT) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Krispy Kreme, Inc. (NASDAQ:DNUT) has been assigned an average rating of “Moderate Buy” from the eight ratings firms that are covering the stock, Marketbeat.com reports. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $16.69.

Several research firms have recently commented on DNUT. 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 price objective for the company. Truist Financial upgraded shares of Krispy Kreme from a “hold” rating to a “buy” rating and increased their price target for the stock from $13.00 to $15.00 in a report on Monday, June 10th. Citigroup lifted their price objective on shares of Krispy Kreme from $14.00 to $19.00 and gave the company a “neutral” rating in a research note on Wednesday, March 27th. Bank of America increased their price objective on shares of Krispy Kreme from $16.00 to $19.00 and gave the stock a “buy” rating in a research note on Monday, April 8th. Finally, Piper Sandler upgraded shares of Krispy Kreme from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $14.00 to $20.00 in a research report on Friday, April 5th.

Institutional Trading of Krispy Kreme

Institutional investors have recently bought and sold shares of the business. Bamco Inc. NY lifted its position in shares of Krispy Kreme by 2.6% during the 1st quarter. Bamco Inc. NY now owns 9,734,467 shares of the company’s stock valued at $148,305,000 after buying an additional 246,600 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Krispy Kreme by 0.8% in the first quarter. Vanguard Group Inc. now owns 8,548,548 shares of the company’s stock valued at $130,237,000 after purchasing an additional 67,130 shares during the period. Hsbc Holdings PLC grew its position in shares of Krispy Kreme by 157.1% in the fourth quarter. Hsbc Holdings PLC now owns 6,978,000 shares of the company’s stock valued at $106,130,000 after purchasing an additional 4,263,574 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Krispy Kreme by 25.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,317,443 shares of the company’s stock worth $34,971,000 after purchasing an additional 469,379 shares in the last quarter. Finally, Cooper Creek Partners Management LLC lifted its stake in Krispy Kreme by 16.6% in the 3rd quarter. Cooper Creek Partners Management LLC now owns 1,459,714 shares of the company’s stock valued at $18,203,000 after buying an additional 207,314 shares in the last quarter. 81.72% of the stock is owned by institutional investors and hedge funds.

Krispy Kreme Stock Performance

Shares of DNUT stock opened at $11.34 on Friday. Krispy Kreme has a 12-month low of $9.98 and a 12-month high of $17.84. The business’s fifty day simple moving average is $12.19 and its 200-day simple moving average is $13.17. The company has a current ratio of 0.36, a quick ratio of 0.27 and a debt-to-equity ratio of 0.71. The company has a market cap of $1.91 billion, a PE ratio of -42.00, a PEG ratio of 2.10 and a beta of 1.41.

Krispy Kreme (NASDAQ:DNUT) last announced its earnings results on Thursday, May 9th. The company reported $0.03 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.03. The company had revenue of $442.70 million for the quarter, compared to analyst estimates of $433.87 million. Krispy Kreme had a positive return on equity of 1.40% and a negative net margin of 2.70%. Analysts expect that Krispy Kreme will post 0.16 earnings per share for the current fiscal year.

Krispy Kreme Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 7th. Investors of record on Wednesday, July 24th will be issued a $0.035 dividend. The ex-dividend date of this dividend is Wednesday, July 24th. This represents a $0.14 dividend on an annualized basis and a yield of 1.23%. Krispy Kreme’s payout ratio is -51.85%.

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.