Krispy Kreme (NASDAQ:DNUT) Trading Up 1.4% - Should You Buy?

Krispy Kreme, Inc. (NASDAQ:DNUT - Get Free Report)'s share price shot up 1.4% on Friday . The stock traded as high as $9.89 and last traded at $9.87. 341,475 shares changed hands during mid-day trading, a decline of 83% from the average session volume of 1,999,605 shares. The stock had previously closed at $9.73.

Wall Street Analyst Weigh In

DNUT has been the subject of a number of research reports. Morgan Stanley assumed coverage on shares of Krispy Kreme in a research note on Tuesday, November 5th. They set an "equal weight" rating and a $14.00 target price for the company. JPMorgan Chase & Co. cut their price objective on Krispy Kreme from $14.00 to $13.00 and set an "overweight" rating for the company in a report on Tuesday, November 12th. Finally, Bank of America boosted their target price on Krispy Kreme from $15.00 to $16.00 and gave the company a "buy" rating in a research note on Tuesday, October 22nd. Four investment analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $15.56.

Krispy Kreme Trading Up 0.5 %

The company has a fifty day simple moving average of $10.81 and a two-hundred day simple moving average of $10.91. The company has a market capitalization of $1.66 billion, a P/E ratio of 57.53, a price-to-earnings-growth ratio of 4.21 and a beta of 1.34. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.35 and a quick ratio of 0.28.

Krispy Kreme Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 5th. Investors of record on Wednesday, January 22nd will be issued a $0.035 dividend. The ex-dividend date is Wednesday, January 22nd. This represents a $0.14 annualized dividend and a yield of 1.43%. Krispy Kreme's dividend payout ratio (DPR) is currently 82.35%.

Hedge Funds Weigh In On Krispy Kreme

Institutional investors have recently modified their holdings of the company. Landscape Capital Management L.L.C. boosted its holdings in shares of Krispy Kreme by 86.1% during the 3rd quarter. Landscape Capital Management L.L.C. now owns 216,559 shares of the company's stock worth $2,326,000 after buying an additional 100,163 shares during the period. Paloma Partners Management Co boosted its holdings in Krispy Kreme by 6,993.4% during the third quarter. Paloma Partners Management Co now owns 872,068 shares of the company's stock valued at $9,366,000 after acquiring an additional 859,774 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Krispy Kreme in the third quarter valued at about $810,000. Samlyn Capital LLC increased its stake in shares of Krispy Kreme by 120.5% in the second quarter. Samlyn Capital LLC now owns 2,230,176 shares of the company's stock worth $23,997,000 after purchasing an additional 1,218,699 shares during the period. Finally, Holocene Advisors LP acquired a new position in shares of Krispy Kreme during the 3rd quarter worth about $1,716,000. Institutional investors own 81.72% of the company's stock.

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.