Krispy Kreme, Inc. (NASDAQ:DNUT - Get Free Report) reached a new 52-week low during trading on Thursday . The company traded as low as $4.63 and last traded at $4.67, with a volume of 673206 shares traded. The stock had previously closed at $4.95.
Analysts Set New Price Targets
A number of equities research analysts recently weighed in on DNUT shares. Truist Financial reaffirmed a "buy" rating and set a $12.00 price target (down from $15.00) on shares of Krispy Kreme in a report on Wednesday, February 26th. Morgan Stanley lowered Krispy Kreme from an "equal weight" rating to an "underweight" rating and lowered their target price for the company from $12.00 to $6.00 in a research note on Wednesday, February 26th. Finally, Piper Sandler decreased their price objective on shares of Krispy Kreme from $18.00 to $12.00 and set an "overweight" rating on the stock in a report on Wednesday, February 26th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Krispy Kreme presently has a consensus rating of "Moderate Buy" and a consensus target price of $12.29.
View Our Latest Report on DNUT
Krispy Kreme Trading Down 4.9 %
The company has a quick ratio of 0.28, a current ratio of 0.35 and a debt-to-equity ratio of 0.67. The company has a market cap of $716.11 million, a P/E ratio of 24.68, a P/E/G ratio of 3.24 and a beta of 1.47. The business has a 50-day moving average price of $6.88 and a two-hundred day moving average price of $9.23.
Krispy Kreme (NASDAQ:DNUT - Get Free Report) last announced its quarterly earnings data on Tuesday, February 25th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.09). Krispy Kreme had a return on equity of 0.53% and a net margin of 1.64%. The firm had revenue of $404.00 million for the quarter, compared to the consensus estimate of $413.18 million. During the same period in the prior year, the firm posted $0.09 earnings per share. The business's revenue for the quarter was down 10.4% compared to the same quarter last year. On average, analysts predict that Krispy Kreme, Inc. will post 0.07 EPS for the current year.
Krispy Kreme Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 7th. Shareholders of record on Wednesday, April 23rd will be given a dividend of $0.035 per share. This represents a $0.14 annualized dividend and a dividend yield of 3.33%. The ex-dividend date of this dividend is Wednesday, April 23rd. Krispy Kreme's payout ratio is 700.00%.
Institutional Investors Weigh In On Krispy Kreme
Institutional investors have recently made changes to their positions in the stock. BNP Paribas Financial Markets bought a new position in Krispy Kreme during the fourth quarter worth about $152,305,000. Bamco Inc. NY raised its position in shares of Krispy Kreme by 24.7% in the 4th quarter. Bamco Inc. NY now owns 13,069,717 shares of the company's stock valued at $129,782,000 after acquiring an additional 2,588,398 shares during the period. Cooper Creek Partners Management LLC boosted its stake in Krispy Kreme by 43.0% during the 4th quarter. Cooper Creek Partners Management LLC now owns 7,264,760 shares of the company's stock worth $72,139,000 after acquiring an additional 2,186,136 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Krispy Kreme by 8.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,191,111 shares of the company's stock valued at $41,614,000 after purchasing an additional 333,764 shares during the period. Finally, Geode Capital Management LLC increased its stake in Krispy Kreme by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 2,110,288 shares of the company's stock valued at $20,960,000 after purchasing an additional 10,643 shares in the last quarter. 81.72% of the stock is owned by institutional investors and hedge funds.
About Krispy Kreme
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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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