Analysts Set Krispy Kreme, Inc. (NASDAQ:DNUT) PT at $15.25

Shares of Krispy Kreme, Inc. (NASDAQ:DNUT - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the nine analysts that are presently covering the company, MarketBeat.com reports. Three analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $15.25.

A number of research analysts have recently issued reports on DNUT shares. JPMorgan Chase & Co. reduced their price objective on shares of Krispy Kreme from $14.00 to $13.00 and set an "overweight" rating for the company in a report on Tuesday, November 12th. 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 research note on Tuesday, October 22nd. Finally, Morgan Stanley lowered their price objective on Krispy Kreme from $14.00 to $12.00 and set an "equal weight" rating for the company in a research note on Tuesday, January 21st.

Hedge Funds Weigh In On Krispy Kreme

Several institutional investors and hedge funds have recently bought and sold shares of DNUT. American Century Companies Inc. bought a new stake in shares of Krispy Kreme in the second quarter valued at approximately $185,000. Dimensional Fund Advisors LP raised its holdings in Krispy Kreme by 38.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,779,882 shares of the company's stock valued at $40,670,000 after acquiring an additional 1,042,345 shares during the period. Sei Investments Co. purchased a new stake in shares of Krispy Kreme during the second quarter worth $198,000. Gabelli Funds LLC boosted its holdings in shares of Krispy Kreme by 180.0% in the second quarter. Gabelli Funds LLC now owns 70,000 shares of the company's stock worth $753,000 after acquiring an additional 45,000 shares during the period. Finally, Marshall Wace LLP purchased a new position in shares of Krispy Kreme in the second quarter valued at $18,765,000. 81.72% of the stock is owned by institutional investors.

Krispy Kreme Stock Down 2.7 %

Shares of NASDAQ:DNUT traded down $0.25 during trading on Friday, reaching $9.13. 1,184,275 shares of the stock were exchanged, compared to its average volume of 1,790,828. The stock has a fifty day moving average of $9.85 and a two-hundred day moving average of $10.67. Krispy Kreme has a 1-year low of $8.44 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 cap of $1.55 billion, a price-to-earnings ratio of 53.71, a price-to-earnings-growth ratio of 3.04 and a beta of 1.36.

Krispy Kreme Announces Dividend

The business 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 1.53%. The ex-dividend date of this dividend is Wednesday, January 22nd. Krispy Kreme's payout ratio is 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.