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

Krispy Kreme, Inc. (NASDAQ:DNUT) has been assigned an average recommendation of “Moderate Buy” from the ten research firms that are presently covering the stock, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $15.56.

A number of brokerages have recently issued reports on DNUT. JPMorgan Chase & Co. lowered their target price 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. Morgan Stanley assumed coverage on Krispy Kreme in a research note on Tuesday, November 5th. They set an “equal weight” rating and a $14.00 price target for the company. Finally, Bank of America lifted their price target on Krispy Kreme from $15.00 to $16.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of DNUT. Bamco Inc. NY boosted its holdings in Krispy Kreme by 4.2% in the third quarter. Bamco Inc. NY now owns 10,481,319 shares of the company’s stock worth $112,569,000 after purchasing an additional 425,630 shares in the last quarter. Banco Santander S.A. lifted its position in shares of Krispy Kreme by 0.3% in the third quarter. Banco Santander S.A. now owns 6,916,972 shares of the company’s stock worth $74,288,000 after buying an additional 21,723 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Krispy Kreme by 38.1% during the 2nd 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 in the last quarter. Millennium Management LLC increased its holdings in shares of Krispy Kreme by 136.7% during the 2nd quarter. Millennium Management LLC now owns 3,500,855 shares of the company’s stock valued at $37,669,000 after acquiring an additional 2,021,974 shares during the last quarter. Finally, Samlyn Capital LLC raised its stake in shares of Krispy Kreme by 120.5% in the 2nd quarter. Samlyn Capital LLC now owns 2,230,176 shares of the company’s stock valued at $23,997,000 after acquiring an additional 1,218,699 shares in the last quarter. Institutional investors and hedge funds own 81.72% of the company’s stock.

Krispy Kreme Trading Down 2.4 %

NASDAQ DNUT opened at $9.55 on Tuesday. The stock has a market capitalization of $1.62 billion, a P/E ratio of 56.18, a PEG ratio of 4.21 and a beta of 1.34. Krispy Kreme has a 12 month low of $9.18 and a 12 month high of $17.84. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.35 and a quick ratio of 0.28. The firm’s 50-day moving average is $10.81 and its two-hundred day moving average is $10.90.

Krispy Kreme Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 5th. Shareholders of record on Wednesday, January 22nd will be paid a $0.035 dividend. This represents a $0.14 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date is Wednesday, January 22nd. Krispy Kreme’s dividend payout ratio (DPR) is presently 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.