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

Shares of Krispy Kreme, Inc. (NASDAQ:DNUT) have been assigned a consensus recommendation of “Moderate Buy” from the nine analysts that are presently covering the firm, Marketbeat Ratings reports. Three investment 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 twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $15.88.

Several research analysts have commented on the stock. HSBC upgraded shares of Krispy Kreme from a “hold” rating to a “buy” rating and set a $14.00 price objective for the company in a report on Tuesday, July 23rd. Evercore ISI reaffirmed an “in-line” rating and set a $13.00 price objective on shares of Krispy Kreme in a research report on Tuesday, August 27th. Hsbc Global Res raised Krispy Kreme from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 23rd. Truist Financial upgraded Krispy Kreme from a “hold” rating to a “buy” rating and lifted their price target for the company from $13.00 to $15.00 in a research report on Monday, June 10th. Finally, Bank of America decreased their price objective on Krispy Kreme from $19.00 to $16.00 and set a “buy” rating for the company in a report on Wednesday, July 17th.

Institutional Trading of Krispy Kreme

A number of institutional investors and hedge funds have recently bought and sold shares of DNUT. ProShare Advisors LLC grew its holdings in shares of Krispy Kreme by 8.5% during the first quarter. ProShare Advisors LLC now owns 15,739 shares of the company’s stock valued at $240,000 after buying an additional 1,239 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of Krispy Kreme by 2.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 50,819 shares of the company’s stock worth $547,000 after purchasing an additional 1,399 shares in the last quarter. Connable Office Inc. raised its stake in shares of Krispy Kreme by 15.8% in the fourth quarter. Connable Office Inc. now owns 15,109 shares of the company’s stock worth $228,000 after purchasing an additional 2,058 shares during the last quarter. California State Teachers Retirement System lifted its holdings in shares of Krispy Kreme by 3.4% during the first quarter. California State Teachers Retirement System now owns 84,610 shares of the company’s stock valued at $1,289,000 after purchasing an additional 2,769 shares in the last quarter. Finally, Point72 Asset Management L.P. boosted its position in shares of Krispy Kreme by 8.7% during the second quarter. Point72 Asset Management L.P. now owns 47,294 shares of the company’s stock valued at $509,000 after buying an additional 3,794 shares during the last quarter. 81.72% of the stock is currently owned by institutional investors.

Krispy Kreme Price Performance

Shares of Krispy Kreme stock opened at $12.02 on Friday. The company’s fifty day simple moving average is $10.99 and its two-hundred day simple moving average is $11.83. Krispy Kreme has a 12-month low of $9.18 and a 12-month high of $17.84. The firm has a market cap of $2.03 billion, a PE ratio of -44.52, a price-to-earnings-growth ratio of 3.42 and a beta of 1.41. The company has a quick ratio of 0.26, a current ratio of 0.34 and a debt-to-equity ratio of 0.73.

Krispy Kreme (NASDAQ:DNUT) last announced its quarterly earnings results on Thursday, August 8th. The company reported $0.05 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.05. Krispy Kreme had a positive return on equity of 1.12% and a negative net margin of 2.98%. The company had revenue of $438.80 million for the quarter, compared to the consensus estimate of $435.43 million. During the same quarter in the previous year, the business earned $0.04 EPS. Krispy Kreme’s revenue was up 7.3% compared to the same quarter last year. As a group, equities analysts expect that Krispy Kreme will post 0.13 EPS for the current year.

Krispy Kreme Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 6th. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.16%. Krispy Kreme’s dividend payout ratio is currently -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.