Krispy Kreme, Inc. (NASDAQ:DNUT) Receives Average Rating of "Moderate Buy" from Brokerages

Krispy Kreme, Inc. (NASDAQ:DNUT - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the nine research firms that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $13.13.

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

Krispy Kreme Stock Performance

NASDAQ DNUT traded down $0.14 during trading on Friday, reaching $5.50. 2,553,527 shares of the company's stock were exchanged, compared to its average volume of 2,435,499. 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 business has a 50 day moving average price of $7.72 and a 200-day moving average price of $9.78. The stock has a market capitalization of $936.65 million, a P/E ratio of 32.35, a PEG ratio of 3.24 and a beta of 1.40. Krispy Kreme has a fifty-two week low of $5.31 and a fifty-two week high of $17.84.

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Krispy Kreme (NASDAQ:DNUT - Get Free Report) last posted 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 in the previous year, the firm posted $0.09 earnings per share. The firm's revenue was down 10.4% compared to the same quarter last year. Sell-side analysts forecast that Krispy Kreme will post 0.07 earnings per share for the current fiscal year.

Krispy Kreme Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 7th. Investors of record on Wednesday, April 23rd will be given a dividend of $0.035 per share. The ex-dividend date is Wednesday, April 23rd. This represents a $0.14 annualized dividend and a dividend yield of 2.55%. Krispy Kreme's dividend payout ratio is currently 700.00%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in shares of Krispy Kreme in the 4th quarter valued at approximately $10,591,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Krispy Kreme by 13.1% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 166,373 shares of the company's stock valued at $1,652,000 after acquiring an additional 19,295 shares in the last quarter. Point72 Asset Management L.P. grew its position in Krispy Kreme by 339.1% during the 4th quarter. Point72 Asset Management L.P. now owns 168,820 shares of the company's stock worth $1,676,000 after acquiring an additional 130,374 shares during the last quarter. ProShare Advisors LLC increased its holdings in Krispy Kreme by 49.0% in the 4th quarter. ProShare Advisors LLC now owns 24,094 shares of the company's stock worth $239,000 after purchasing an additional 7,927 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Krispy Kreme by 3.6% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 48,683 shares of the company's stock valued at $483,000 after purchasing an additional 1,707 shares in the last quarter. Institutional investors own 81.72% of the company's stock.

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.