Krispy Kreme, Inc. (NASDAQ:DNUT) Given Consensus Rating of "Moderate Buy" by Brokerages

Krispy Kreme, Inc. (NASDAQ:DNUT - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the ten analysts that are currently covering the stock, Marketbeat reports. Four analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $15.56.

Several research firms recently commented on DNUT. Morgan Stanley started coverage on Krispy Kreme in a research note on Tuesday, November 5th. They set an "equal weight" rating and a $14.00 target price for the company. Bank of America upped their target price on shares of Krispy Kreme from $15.00 to $16.00 and gave the stock a "buy" rating in a research note on Tuesday, October 22nd. JPMorgan Chase & Co. decreased their price target on shares of Krispy Kreme from $14.00 to $13.00 and set an "overweight" rating for the company in a research note on Tuesday, November 12th. Finally, Evercore ISI reissued an "in-line" rating and issued a $13.00 price objective on shares of Krispy Kreme in a research report on Tuesday, August 27th.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of DNUT. Point72 DIFC Ltd purchased a new position in Krispy Kreme in the 3rd quarter valued at $51,000. Blue Trust Inc. acquired a new position in shares of Krispy Kreme during the second quarter worth about $68,000. nVerses Capital LLC purchased a new position in Krispy Kreme during the third quarter worth about $124,000. Tidal Investments LLC acquired a new stake in Krispy Kreme in the first quarter valued at about $154,000. Finally, Franklin Resources Inc. lifted its position in 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. Institutional investors and hedge funds own 81.72% of the company's stock.

Krispy Kreme Trading Down 1.9 %

Shares of DNUT stock traded down $0.20 on Friday, hitting $10.23. The stock had a trading volume of 1,683,766 shares, compared to its average volume of 2,008,364. The company's 50 day moving average price is $11.17 and its 200-day moving average price is $11.03. Krispy Kreme has a 1 year low of $9.18 and a 1 year 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 has a market capitalization of $1.74 billion, a P/E ratio of 61.35, a P/E/G ratio of 4.57 and a beta of 1.34.

Krispy Kreme Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 6th. Investors of record on Wednesday, October 23rd were issued a dividend of $0.035 per share. This represents a $0.14 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date was Wednesday, October 23rd. Krispy Kreme's dividend payout ratio is currently 82.35%.

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.