Analysts Set Krispy Kreme, Inc. (NASDAQ:DNUT) PT at $12.29

Krispy Kreme, Inc. (NASDAQ:DNUT - Get Free Report) has received a consensus rating of "Moderate Buy" from the eight ratings firms that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, one has given a hold recommendation, five have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $12.29.

A number of analysts have recently weighed in on DNUT shares. Truist Financial reiterated a "buy" rating and set a $12.00 price target (down from $15.00) on shares of Krispy Kreme in a research report on Wednesday, February 26th. Morgan Stanley lowered Krispy Kreme from an "equal weight" rating to an "underweight" rating and dropped their target price for the stock from $12.00 to $6.00 in a research report on Wednesday, February 26th. Finally, Piper Sandler reduced their price target on shares of Krispy Kreme from $18.00 to $12.00 and set an "overweight" rating for the company in a report on Wednesday, February 26th.

Hedge Funds Weigh In On Krispy Kreme

Institutional investors and hedge funds have recently bought and sold shares of the stock. BNP Paribas Financial Markets bought a new stake in shares of Krispy Kreme during the 4th quarter worth about $152,305,000. Bamco Inc. NY raised its holdings in Krispy Kreme by 24.7% during the fourth quarter. Bamco Inc. NY now owns 13,069,717 shares of the company's stock worth $129,782,000 after purchasing an additional 2,588,398 shares in the last quarter. Cooper Creek Partners Management LLC raised its holdings in Krispy Kreme by 43.0% during the fourth quarter. Cooper Creek Partners Management LLC now owns 7,264,760 shares of the company's stock worth $72,139,000 after purchasing an additional 2,186,136 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in Krispy Kreme in the fourth quarter worth approximately $10,591,000. Finally, Peregrine Capital Management LLC bought a new position in Krispy Kreme during the 4th quarter valued at $5,897,000. Institutional investors own 81.72% of the company's stock.

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Krispy Kreme Stock Performance

Shares of NASDAQ DNUT traded down $0.23 during trading on Thursday, reaching $4.05. The stock had a trading volume of 2,833,206 shares, compared to its average volume of 2,205,989. The firm's 50 day moving average price is $6.12 and its two-hundred day moving average price is $8.86. Krispy Kreme has a one year low of $3.92 and a one year high of $14.25. The stock has a market cap of $689.72 million, a PE ratio of 23.82, a P/E/G ratio of 3.24 and a beta of 1.47. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.28 and a current ratio of 0.35.

Krispy Kreme (NASDAQ:DNUT - Get Free Report) last issued its earnings results on Tuesday, February 25th. The company reported $0.01 earnings per share for the quarter, missing analysts' consensus estimates of $0.10 by ($0.09). Krispy Kreme had a return on equity of 0.53% and a net margin of 1.64%. The business had revenue of $404.00 million for the quarter, compared to analyst estimates of $413.18 million. During the same period last year, the company posted $0.09 earnings per share. The firm's revenue for the quarter was down 10.4% on a year-over-year basis. On average, research analysts forecast that Krispy Kreme will post 0.07 earnings per share for the current fiscal year.

Krispy Kreme Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 7th. Investors of record on Wednesday, April 23rd will be paid a dividend of $0.035 per share. This represents a $0.14 dividend on an annualized basis and a dividend yield of 3.46%. The ex-dividend date of this dividend is Wednesday, April 23rd. Krispy Kreme's dividend payout ratio is currently 700.00%.

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.