Krispy Kreme (NASDAQ:DNUT) Hits New 12-Month Low - Should You Sell?

Shares of Krispy Kreme, Inc. (NASDAQ:DNUT - Get Free Report) hit a new 52-week low on Tuesday . The stock traded as low as $5.76 and last traded at $5.70, with a volume of 699669 shares changing hands. The stock had previously closed at $5.90.

Wall Street Analyst Weigh In

Several research firms have commented on DNUT. Piper Sandler lowered their price objective on Krispy Kreme from $18.00 to $12.00 and set an "overweight" rating on the stock in a research report on Wednesday, February 26th. Morgan Stanley downgraded shares of Krispy Kreme from an "equal weight" rating to an "underweight" rating and lowered their price target for the stock from $12.00 to $6.00 in a report on Wednesday, February 26th. Finally, Truist Financial reaffirmed a "buy" rating and issued a $12.00 price objective (down previously from $15.00) on shares of Krispy Kreme in a report on Wednesday, February 26th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Krispy Kreme presently has an average rating of "Moderate Buy" and a consensus price target of $13.13.

Krispy Kreme Stock Up 0.2 %

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's 50 day moving average price is $8.11 and its 200 day moving average price is $9.97. The firm has a market cap of $912.81 million, a PE ratio of 31.53, a PEG ratio of 3.24 and a beta of 1.41.

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Krispy Kreme (NASDAQ:DNUT - Get Free Report) last announced its earnings results on Tuesday, February 25th. The company reported $0.01 EPS for the quarter, missing analysts' consensus estimates of $0.10 by ($0.09). The firm had revenue of $404.00 million for the quarter, compared to analyst estimates of $413.18 million. Krispy Kreme had a net margin of 1.64% and a return on equity of 0.53%. Krispy Kreme's revenue was down 10.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.09 EPS. On average, equities research analysts expect that Krispy Kreme, Inc. will post 0.07 earnings per share for the current year.

Krispy Kreme Dividend Announcement

The firm also recently announced 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 2.61%. The ex-dividend date of this dividend is Wednesday, April 23rd. Krispy Kreme's dividend payout ratio (DPR) is 700.00%.

Institutional Trading of Krispy Kreme

Large investors have recently bought and sold shares of the business. Spartan Fund Management Inc. boosted its position in shares of Krispy Kreme by 150.0% during 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 last quarter. Point72 DIFC Ltd purchased a new position in Krispy Kreme during the third quarter worth about $51,000. Central Pacific Bank Trust Division acquired a new position in Krispy Kreme in the 4th quarter valued at about $71,000. First Hawaiian Bank purchased a new stake in shares of Krispy Kreme in the 4th quarter valued at approximately $111,000. Finally, Ameriprise Financial Inc. acquired a new stake in shares of Krispy Kreme during the 4th quarter worth approximately $128,000. Hedge funds and other 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.