Krispy Kreme, Inc. (NASDAQ:DNUT) Receives $15.25 Consensus PT from Brokerages

Krispy Kreme, Inc. (NASDAQ:DNUT - Get Free Report) has been given a consensus rating of "Moderate Buy" by the nine analysts that are covering the company, MarketBeat reports. Three analysts have rated the stock with a hold recommendation, five have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $15.25.

A number of equities research analysts recently issued reports on the company. Morgan Stanley reduced their target price on Krispy Kreme from $14.00 to $12.00 and set an "equal weight" rating on the stock in a research note on Tuesday. JPMorgan Chase & Co. decreased their price objective on Krispy Kreme from $14.00 to $13.00 and set an "overweight" rating on the stock in a research note on Tuesday, November 12th. Finally, Bank of America boosted their target price on shares of Krispy Kreme from $15.00 to $16.00 and gave the company a "buy" rating in a research note on Tuesday, October 22nd.

Krispy Kreme Price Performance

Krispy Kreme stock traded up $0.16 during trading hours on Friday, hitting $8.94. The stock had a trading volume of 1,552,444 shares, compared to its average volume of 1,472,562. 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 stock has a market capitalization of $1.52 billion, a price-to-earnings ratio of 52.59, a PEG ratio of 3.04 and a beta of 1.36. The stock's fifty day moving average is $9.88 and its two-hundred day moving average is $10.67. Krispy Kreme has a 1-year low of $8.44 and a 1-year high of $17.84.

Krispy Kreme Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 5th. Shareholders of record on Wednesday, January 22nd will be paid a dividend of $0.035 per share. The ex-dividend date is Wednesday, January 22nd. This represents a $0.14 dividend on an annualized basis and a yield of 1.57%. Krispy Kreme's dividend payout ratio (DPR) is presently 82.35%.

Hedge Funds Weigh In On Krispy Kreme

A number of institutional investors have recently made changes to their positions in the business. SG Americas Securities LLC increased its stake in shares of Krispy Kreme by 264.1% in the fourth quarter. SG Americas Securities LLC now owns 83,869 shares of the company's stock worth $833,000 after buying an additional 60,833 shares during the last quarter. First Hawaiian Bank acquired a new position in shares of Krispy Kreme in the 4th quarter worth approximately $111,000. Central Pacific Bank Trust Division bought a new stake in shares of Krispy Kreme in the 4th quarter valued at approximately $71,000. Franklin Resources Inc. raised its position in shares of Krispy Kreme by 30.7% during the 3rd quarter. Franklin Resources Inc. now owns 14,467 shares of the company's stock valued at $158,000 after acquiring an additional 3,395 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in Krispy Kreme by 2.3% during the third quarter. Geode Capital Management LLC now owns 2,099,645 shares of the company's stock worth $22,555,000 after purchasing an additional 48,203 shares during the last quarter. 81.72% of the stock is owned by institutional investors and hedge funds.

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.