Krispy Kreme, Inc. (NASDAQ:DNUT) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Krispy Kreme, Inc. (NASDAQ:DNUT) have earned an average rating of “Moderate Buy” from the nine brokerages that are covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $15.25.

A number of brokerages recently commented on DNUT. Bank of America upped their price target on shares of Krispy Kreme from $15.00 to $16.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Morgan Stanley lowered their price objective 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. Finally, JPMorgan Chase & Co. reduced their price target on shares of Krispy Kreme from $14.00 to $13.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 12th.

Institutional Investors Weigh In On Krispy Kreme

Large investors have recently added to or reduced their stakes in the stock. SG Americas Securities LLC grew its position in shares of Krispy Kreme by 264.1% in the 4th quarter. SG Americas Securities LLC now owns 83,869 shares of the company’s stock worth $833,000 after buying an additional 60,833 shares during the last quarter. First Hawaiian Bank acquired a new stake in Krispy Kreme during the 4th quarter worth $111,000. Central Pacific Bank Trust Division acquired a new stake in Krispy Kreme in the 4th quarter valued at about $71,000. Franklin Resources Inc. grew its holdings in shares of Krispy Kreme by 30.7% in the third quarter. Franklin Resources Inc. now owns 14,467 shares of the company’s stock valued at $158,000 after purchasing an additional 3,395 shares during the period. Finally, Geode Capital Management LLC increased its stake in Krispy Kreme by 2.3% during the third quarter. Geode Capital Management LLC now owns 2,099,645 shares of the company’s stock worth $22,555,000 after acquiring an additional 48,203 shares during the last quarter. 81.72% of the stock is owned by hedge funds and other institutional investors.

Krispy Kreme Stock Up 1.8 %

Krispy Kreme stock opened at $8.94 on Friday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.28 and a current ratio of 0.35. The stock has a market cap of $1.52 billion, a PE ratio of 52.59, a price-to-earnings-growth ratio of 3.04 and a beta of 1.36. The firm’s 50-day simple moving average is $9.88 and its 200 day simple moving average is $10.66. Krispy Kreme has a fifty-two week low of $8.44 and a fifty-two week high of $17.84.

Krispy Kreme Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 5th. Investors of record on Wednesday, January 22nd will be issued a $0.035 dividend. This represents a $0.14 dividend on an annualized basis and a dividend yield of 1.57%. The ex-dividend date of this dividend is Wednesday, January 22nd. Krispy Kreme’s payout ratio is 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.