Krispy Kreme, Inc. (NASDAQ:DNUT - Get Free Report)'s stock price reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $5.85 and last traded at $5.99, with a volume of 293175 shares. The stock had previously closed at $6.11.
Analysts Set New Price Targets
Several research analysts have recently issued reports on the company. Truist Financial reaffirmed a "buy" rating and set a $12.00 price objective (down from $15.00) on shares of Krispy Kreme in a research report on Wednesday, February 26th. JPMorgan Chase & Co. lowered their price objective on 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 Krispy Kreme from an "equal weight" rating to an "underweight" rating and lowered their price objective for the stock from $12.00 to $6.00 in a research report on Wednesday, February 26th. Finally, Piper Sandler lowered their price objective on Krispy Kreme from $18.00 to $12.00 and set an "overweight" rating for the company in a research report on Wednesday, February 26th. One analyst has rated the stock with a sell rating, two have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $13.13.
Read Our Latest Report on Krispy Kreme
Krispy Kreme Trading Up 6.5 %
The company has a 50 day simple moving average of $8.54 and a 200 day simple moving average of $10.14. 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 stock has a market capitalization of $1.06 billion, a PE ratio of 36.59, a P/E/G ratio of 3.24 and a beta of 1.40.
Krispy Kreme (NASDAQ:DNUT - Get Free Report) last posted its quarterly earnings data on Tuesday, February 25th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.09). The company had revenue of $404.00 million for the quarter, compared to analysts' expectations of $413.18 million. Krispy Kreme had a net margin of 1.64% and a return on equity of 0.53%. The firm's revenue was down 10.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.09 earnings per share. Analysts predict that Krispy Kreme, Inc. will post 0.07 earnings per share for the current fiscal year.
Krispy Kreme Announces Dividend
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 paid a dividend of $0.035 per share. This represents a $0.14 dividend on an annualized basis and a dividend yield of 2.25%. The ex-dividend date of this dividend is Wednesday, April 23rd. Krispy Kreme's dividend payout ratio (DPR) is 700.00%.
Hedge Funds Weigh In On Krispy Kreme
Large investors have recently modified their holdings of the business. Spartan Fund Management Inc. raised its stake 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 worth $50,000 after buying an additional 3,000 shares in the last quarter. Point72 DIFC Ltd purchased a new position in shares of Krispy Kreme during the 3rd quarter worth approximately $51,000. Central Pacific Bank Trust Division purchased a new position in shares of Krispy Kreme during the 4th quarter worth approximately $71,000. First Hawaiian Bank purchased a new position in shares of Krispy Kreme during the 4th quarter worth approximately $111,000. Finally, Ameriprise Financial Inc. acquired a new stake in shares of Krispy Kreme in the 4th quarter worth approximately $128,000. 81.72% of the stock is owned by hedge funds and other institutional investors.
About Krispy Kreme
(
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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