Krispy Kreme, Inc. (NASDAQ:DNUT - Get Free Report)'s stock price rose 5.2% during trading on Friday . The company traded as high as $6.15 and last traded at $6.14. Approximately 638,145 shares changed hands during trading, a decline of 77% from the average daily volume of 2,805,773 shares. The stock had previously closed at $5.84.
Analyst Upgrades and Downgrades
A number of equities analysts have recently weighed in on the company. Piper Sandler cut their price target on Krispy Kreme from $18.00 to $12.00 and set an "overweight" rating for the company in a report on Wednesday, February 26th. Truist Financial reissued a "buy" rating and set a $12.00 price target (down previously from $15.00) on shares of Krispy Kreme in a research note on Wednesday, February 26th. Morgan Stanley downgraded Krispy Kreme from an "equal weight" rating to an "underweight" rating and lowered their price objective for the company from $12.00 to $6.00 in a research report on Wednesday, February 26th. Finally, JPMorgan Chase & Co. dropped their target price on Krispy Kreme from $14.00 to $13.00 and set an "overweight" rating for the company in a research note on Tuesday, November 12th. One analyst has rated the stock with a sell rating, two have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $13.13.
View Our Latest Report on Krispy Kreme
Krispy Kreme Price Performance
The company has a 50 day simple moving average of $8.38 and a 200 day simple moving average of $10.07. The company has a market capitalization of $949.42 million, a price-to-earnings ratio of 32.50, a price-to-earnings-growth ratio of 3.24 and a beta of 1.41. The company has a quick ratio of 0.28, a current ratio of 0.35 and a debt-to-equity ratio of 0.67.
Krispy Kreme (NASDAQ:DNUT - Get Free Report) last posted its earnings results on Tuesday, February 25th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.10 by ($0.09). The business had revenue of $404.00 million for the quarter, compared to analyst estimates of $413.18 million. Krispy Kreme had a return on equity of 0.53% and a net margin of 1.64%. The firm's revenue for the quarter was down 10.4% compared to the same quarter last year. During the same period last year, the company posted $0.09 EPS. As a group, research analysts predict that Krispy Kreme, Inc. will post 0.07 EPS for the current year.
Krispy Kreme Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 7th. Investors of record on Wednesday, April 23rd will be given a dividend of $0.035 per share. The ex-dividend date is Wednesday, April 23rd. This represents a $0.14 dividend on an annualized basis and a yield of 2.51%. Krispy Kreme's dividend payout ratio (DPR) is 700.00%.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in the stock. Stifel Financial Corp grew its stake in shares of Krispy Kreme by 2.5% in the third quarter. Stifel Financial Corp now owns 38,658 shares of the company's stock valued at $415,000 after buying an additional 958 shares in the last quarter. Handelsbanken Fonder AB boosted its holdings in Krispy Kreme by 4.4% in the 4th quarter. Handelsbanken Fonder AB now owns 30,800 shares of the company's stock worth $306,000 after acquiring an additional 1,300 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Krispy Kreme by 3.6% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 48,683 shares of the company's stock valued at $483,000 after acquiring an additional 1,707 shares in the last quarter. Swiss National Bank raised its stake in shares of Krispy Kreme by 1.3% during the fourth quarter. Swiss National Bank now owns 166,800 shares of the company's stock valued at $1,656,000 after purchasing an additional 2,100 shares during the period. Finally, Rhumbline Advisers lifted its position in shares of Krispy Kreme by 2.2% during the fourth quarter. Rhumbline Advisers now owns 119,083 shares of the company's stock worth $1,182,000 after purchasing an additional 2,532 shares in the last quarter. 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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