Brokerages Set Krispy Kreme, Inc. (NASDAQ:DNUT) PT at $13.13

Shares of Krispy Kreme, Inc. (NASDAQ:DNUT - Get Free Report) have been assigned an average rating of "Moderate Buy" from the nine analysts that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation, five have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $13.13.

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

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the business. Point72 DIFC Ltd acquired a new stake in shares of Krispy Kreme in the third quarter valued at about $51,000. Spartan Fund Management Inc. grew its position in shares of Krispy Kreme by 150.0% in the 4th quarter. Spartan Fund Management Inc. now owns 5,000 shares of the company's stock valued at $50,000 after acquiring an additional 3,000 shares during the period. Central Pacific Bank Trust Division acquired a new position in shares of Krispy Kreme during the 4th quarter worth about $71,000. First Hawaiian Bank acquired a new position in shares of Krispy Kreme during the 4th quarter worth about $111,000. Finally, Ameriprise Financial Inc. bought a new stake in shares of Krispy Kreme in the 4th quarter valued at about $128,000. Institutional investors own 81.72% of the company's stock.

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Krispy Kreme Price Performance

Shares of Krispy Kreme stock traded down $0.10 during midday trading on Friday, reaching $5.63. The company had a trading volume of 1,439,316 shares, compared to its average volume of 2,965,878. The stock has a fifty day simple moving average of $7.95 and a 200 day simple moving average of $9.88. Krispy Kreme has a 1-year low of $5.30 and a 1-year high of $17.84. The company has a current ratio of 0.35, a quick ratio of 0.28 and a debt-to-equity ratio of 0.67. The company has a market capitalization of $957.94 million, a price-to-earnings ratio of 33.09, a price-to-earnings-growth ratio of 3.24 and a beta of 1.40.

Krispy Kreme (NASDAQ:DNUT - Get Free Report) last posted its quarterly 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 the consensus estimate of $413.18 million. During the same period last year, the firm earned $0.09 earnings per share. The company's quarterly revenue was down 10.4% on a year-over-year basis. As a group, equities research analysts forecast that Krispy Kreme will post 0.07 earnings per share for the current year.

Krispy Kreme Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 7th. Stockholders of record on Wednesday, April 23rd will be issued a $0.035 dividend. The ex-dividend date of this dividend is Wednesday, April 23rd. This represents a $0.14 dividend on an annualized basis and a dividend yield of 2.49%. Krispy Kreme's dividend payout ratio (DPR) is presently 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.