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

Shares of Krispy Kreme, Inc. (NASDAQ:DNUT) have received a consensus recommendation of “Moderate Buy” from the nine brokerages that are presently covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation, five have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $15.88.

DNUT has been the topic of a number of recent research reports. Hsbc Global Res upgraded shares of Krispy Kreme from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 23rd. Bank of America cut their price target on shares of Krispy Kreme from $19.00 to $16.00 and set a “buy” rating on the stock in a report on Wednesday, July 17th. HSBC upgraded shares of Krispy Kreme from a “hold” rating to a “buy” rating and set a $14.00 price target on the stock in a report on Tuesday, July 23rd. Finally, Evercore ISI reiterated an “in-line” rating and set a $13.00 price target on shares of Krispy Kreme in a report on Tuesday, August 27th.

Institutional Investors Weigh In On Krispy Kreme

Several institutional investors and hedge funds have recently added to or reduced their stakes in DNUT. Millennium Management LLC raised its position in Krispy Kreme by 136.7% in the second quarter. Millennium Management LLC now owns 3,500,855 shares of the company’s stock worth $37,669,000 after acquiring an additional 2,021,974 shares during the period. Marshall Wace LLP bought a new position in Krispy Kreme in the second quarter worth approximately $18,765,000. Samlyn Capital LLC raised its position in Krispy Kreme by 120.5% in the second quarter. Samlyn Capital LLC now owns 2,230,176 shares of the company’s stock worth $23,997,000 after acquiring an additional 1,218,699 shares during the period. Dimensional Fund Advisors LP raised its position in Krispy Kreme by 38.1% in the second quarter. Dimensional Fund Advisors LP now owns 3,779,882 shares of the company’s stock worth $40,670,000 after acquiring an additional 1,042,345 shares during the period. Finally, Driehaus Capital Management LLC raised its position in Krispy Kreme by 121.7% in the second quarter. Driehaus Capital Management LLC now owns 1,190,865 shares of the company’s stock worth $12,814,000 after acquiring an additional 653,637 shares during the period. Hedge funds and other institutional investors own 81.72% of the company’s stock.

Krispy Kreme Price Performance

Shares of DNUT opened at $11.49 on Thursday. The stock has a market cap of $1.94 billion, a PE ratio of -42.56, a price-to-earnings-growth ratio of 3.15 and a beta of 1.41. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.26 and a current ratio of 0.34. Krispy Kreme has a fifty-two week low of $9.18 and a fifty-two week high of $17.84. The firm’s 50-day simple moving average is $11.13 and its two-hundred day simple moving average is $11.56.

Krispy Kreme (NASDAQ:DNUT) last announced 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 business had revenue of $438.80 million for the quarter, compared to analysts’ expectations of $435.43 million. Krispy Kreme had a negative net margin of 2.98% and a positive return on equity of 1.12%. The business’s revenue was up 7.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.04 earnings per share. Analysts anticipate that Krispy Kreme will post 0.13 earnings per share for the current fiscal year.

Krispy Kreme Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 6th. Investors of record on Wednesday, October 23rd will be issued a $0.035 dividend. This represents a $0.14 annualized dividend and a yield of 1.22%. The ex-dividend date of this dividend is Wednesday, October 23rd. 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.