Krispy Kreme (NASDAQ:DNUT) Stock Price Up 4.8% - What's Next?

Krispy Kreme, Inc. (NASDAQ:DNUT - Get Free Report)'s stock price was up 4.8% during mid-day trading on Tuesday . The stock traded as high as $8.86 and last traded at $8.84. Approximately 1,324,569 shares traded hands during trading, a decline of 20% from the average daily volume of 1,664,972 shares. The stock had previously closed at $8.43.

Analysts Set New Price Targets

Several research firms have recently weighed in on DNUT. 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. Bank of America lifted their price objective on Krispy Kreme from $15.00 to $16.00 and gave the stock a "buy" rating in a research report on Tuesday, October 22nd. Finally, Morgan Stanley lowered their price objective on Krispy Kreme from $14.00 to $12.00 and set an "equal weight" rating for the company in a research report on Tuesday, January 21st. Three analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Krispy Kreme currently has a consensus rating of "Moderate Buy" and an average target price of $15.25.

Krispy Kreme Stock Performance

The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.28 and a current ratio of 0.35. The company has a 50 day moving average price of $9.28 and a 200 day moving average price of $10.47. The company has a market capitalization of $1.45 billion, a price-to-earnings ratio of 50.29, a P/E/G ratio of 3.11 and a beta of 1.34.

Krispy Kreme Dividend Announcement

The company 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 $0.035 dividend. The ex-dividend date is Wednesday, April 23rd. This represents a $0.14 annualized dividend and a dividend yield of 1.64%. Krispy Kreme's dividend payout ratio is presently 82.35%.

Institutional Trading of Krispy Kreme

Large investors have recently made changes to their positions in the company. Point72 DIFC Ltd acquired a new stake in shares of Krispy Kreme in the 3rd quarter valued at about $51,000. Spartan Fund Management Inc. boosted its stake in 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 purchasing an additional 3,000 shares during the last quarter. Central Pacific Bank Trust Division acquired a new position in Krispy Kreme during the 4th quarter valued at about $71,000. Blue Trust Inc. boosted its stake in Krispy Kreme by 28.3% during the 3rd quarter. Blue Trust Inc. now owns 8,064 shares of the company's stock valued at $87,000 after purchasing an additional 1,779 shares during the last quarter. Finally, First Hawaiian Bank acquired a new position in Krispy Kreme during the 4th quarter valued at about $111,000. 81.72% of the stock is currently owned by institutional investors and hedge funds.

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.