Brokerages Set Krispy Kreme, Inc. (NASDAQ:DNUT) Price Target at $15.25

Krispy Kreme, Inc. (NASDAQ:DNUT - Get Free Report) has received an average recommendation of "Moderate Buy" from the nine brokerages that are currently covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $15.25.

A number of research firms have recently issued reports on DNUT. JPMorgan Chase & Co. reduced 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 report on Tuesday, November 12th. Morgan Stanley cut their price objective on shares of Krispy Kreme from $14.00 to $12.00 and set an "equal weight" rating on the stock in a research report on Tuesday, January 21st.

Hedge Funds Weigh In On Krispy Kreme

A number of institutional investors have recently modified their holdings of the company. BNP Paribas Financial Markets bought a new position in shares of Krispy Kreme in the fourth quarter valued at approximately $152,305,000. Bamco Inc. NY raised its position in shares of Krispy Kreme by 24.7% in the fourth quarter. Bamco Inc. NY now owns 13,069,717 shares of the company's stock valued at $129,782,000 after purchasing an additional 2,588,398 shares during the period. Cooper Creek Partners Management LLC raised its position in shares of Krispy Kreme by 43.0% in the fourth quarter. Cooper Creek Partners Management LLC now owns 7,264,760 shares of the company's stock valued at $72,139,000 after purchasing an additional 2,186,136 shares during the period. Banco Santander S.A. raised 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 valued at $74,288,000 after purchasing an additional 21,723 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in shares of Krispy Kreme by 8.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,191,111 shares of the company's stock valued at $41,614,000 after purchasing an additional 333,764 shares during the period. Institutional investors own 81.72% of the company's stock.

Krispy Kreme Trading Down 1.3 %

Shares of DNUT traded down $0.12 during midday trading on Wednesday, hitting $9.15. The stock had a trading volume of 1,907,484 shares, compared to its average volume of 1,610,409. Krispy Kreme has a fifty-two week low of $8.34 and a fifty-two week high of $17.84. The business has a 50-day simple moving average of $9.18 and a two-hundred day simple moving average of $10.42. The firm has a market cap of $1.56 billion, a P/E ratio of 53.82, a price-to-earnings-growth ratio of 3.24 and a beta of 1.34. The company has a current ratio of 0.35, a quick ratio of 0.28 and a debt-to-equity ratio of 0.67.

Krispy Kreme Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 7th. Stockholders of record on Wednesday, April 23rd will be given a $0.035 dividend. This represents a $0.14 dividend on an annualized basis and a dividend yield of 1.53%. The ex-dividend date is Wednesday, April 23rd. Krispy Kreme's dividend payout ratio is 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.