Krispy Kreme, Inc. (NASDAQ:DNUT - Get Free Report)'s share price was up 5.2% during trading on Friday . The company traded as high as $6.15 and last traded at $6.14. Approximately 638,145 shares were traded 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 commented on DNUT shares. Morgan Stanley cut Krispy Kreme from an "equal weight" rating to an "underweight" rating and lowered their price target for the stock from $12.00 to $6.00 in a report on Wednesday, February 26th. JPMorgan Chase & Co. reduced their price objective on Krispy Kreme from $14.00 to $13.00 and set an "overweight" rating on the stock in a research report on Tuesday, November 12th. Truist Financial restated a "buy" rating and set a $12.00 price objective (down previously from $15.00) on shares of Krispy Kreme in a research report on Wednesday, February 26th. Finally, Piper Sandler reduced their price objective on Krispy Kreme from $18.00 to $12.00 and set an "overweight" rating on the stock in a research report on Wednesday, February 26th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Krispy Kreme has an average rating of "Moderate Buy" and an average target price of $13.13.
View Our Latest Stock Report on DNUT
Krispy Kreme Price Performance
The business has a 50-day simple moving average of $8.54 and a 200 day simple moving average of $10.14. The stock has a market cap of $1.06 billion, a P/E ratio of 36.59, a price-to-earnings-growth ratio of 3.24 and a beta of 1.40. The company has a current ratio of 0.35, a quick ratio of 0.28 and a debt-to-equity ratio of 0.67.
Krispy Kreme (NASDAQ:DNUT - Get Free Report) last released its quarterly 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 the consensus estimate of $413.18 million. During the same quarter last year, the firm posted $0.09 EPS. The company's quarterly revenue was down 10.4% on a year-over-year basis. On average, analysts forecast that Krispy Kreme, Inc. will post 0.07 earnings per share for the current year.
Krispy Kreme Dividend Announcement
The firm also recently announced 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 annualized dividend and a dividend yield of 2.25%. Krispy Kreme's payout ratio is 700.00%.
Institutional Investors Weigh In On Krispy Kreme
Several institutional investors and hedge funds have recently made changes to their positions in the business. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in shares of Krispy Kreme during the 4th quarter valued at about $10,591,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Krispy Kreme by 13.1% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 166,373 shares of the company's stock valued at $1,652,000 after purchasing an additional 19,295 shares in the last quarter. Point72 Asset Management L.P. boosted its position in shares of Krispy Kreme by 339.1% during the 4th quarter. Point72 Asset Management L.P. now owns 168,820 shares of the company's stock valued at $1,676,000 after purchasing an additional 130,374 shares in the last quarter. ProShare Advisors LLC raised its stake in Krispy Kreme by 49.0% during the 4th quarter. ProShare Advisors LLC now owns 24,094 shares of the company's stock worth $239,000 after buying an additional 7,927 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Krispy Kreme by 3.6% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 48,683 shares of the company's stock worth $483,000 after buying an additional 1,707 shares during the period. Institutional investors own 81.72% of the company's stock.
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.
Read More
Before you consider Krispy Kreme, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Krispy Kreme wasn't on the list.
While Krispy Kreme currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
