Krispy Kreme, Inc. (NASDAQ:DNUT - Get Free Report)'s stock price reached a new 52-week low during trading on Wednesday . The company traded as low as $3.92 and last traded at $4.03, with a volume of 4850522 shares trading hands. The stock had previously closed at $4.42.
Wall Street Analyst Weigh In
DNUT has been the topic of several research analyst reports. 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 report on Wednesday, February 26th. 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 report on Wednesday, February 26th. Finally, Morgan Stanley lowered shares of Krispy Kreme from an "equal weight" rating to an "underweight" rating and dropped their target price for the stock from $12.00 to $6.00 in a report on Wednesday, February 26th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, five have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Krispy Kreme presently has an average rating of "Moderate Buy" and an average price target of $12.29.
View Our Latest Analysis on DNUT
Krispy Kreme Stock Performance
The company has a market capitalization of $732.80 million, a PE ratio of 25.31, a P/E/G ratio of 3.24 and a beta of 1.47. The stock's 50-day simple moving average is $6.30 and its 200 day simple moving average is $8.94. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.28 and a current ratio of 0.35.
Krispy Kreme (NASDAQ:DNUT - Get Free Report) last posted 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). Krispy Kreme had a net margin of 1.64% and a return on equity of 0.53%. The company had revenue of $404.00 million during the quarter, compared to analysts' expectations of $413.18 million. During the same period last year, the business earned $0.09 earnings per share. The company's quarterly revenue was down 10.4% on a year-over-year basis. As a group, research analysts expect that Krispy Kreme, Inc. will post 0.07 earnings per share for the current fiscal year.
Krispy Kreme Announces Dividend
The company 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. This represents a $0.14 annualized dividend and a dividend yield of 3.25%. The ex-dividend date of this dividend is Wednesday, April 23rd. Krispy Kreme's payout ratio is currently 700.00%.
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of DNUT. BNP Paribas Financial Markets purchased a new stake in shares of Krispy Kreme during the fourth quarter worth approximately $152,305,000. Bamco Inc. NY raised its stake in shares of Krispy Kreme by 24.7% during the 4th quarter. Bamco Inc. NY now owns 13,069,717 shares of the company's stock worth $129,782,000 after buying an additional 2,588,398 shares in the last quarter. Cooper Creek Partners Management LLC increased its stake in Krispy Kreme by 43.0% in the 4th 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 in the last quarter. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in shares of Krispy Kreme in the 4th quarter worth about $10,591,000. Finally, Peregrine Capital Management LLC purchased a new stake in shares of Krispy Kreme in the fourth quarter valued at about $5,897,000. 81.72% of the stock is currently owned by institutional investors and hedge funds.
Krispy Kreme Company Profile
(
Get Free Report)
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.
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