Krispy Kreme (NASDAQ:DNUT) Trading 4.7% Higher - Time to Buy?

Krispy Kreme, Inc. (NASDAQ:DNUT - Get Free Report)'s stock price was up 4.7% during trading on Tuesday . The stock traded as high as $5.67 and last traded at $5.67. Approximately 2,089,473 shares changed hands during mid-day trading, a decline of 13% from the average daily volume of 2,408,707 shares. The stock had previously closed at $5.41.

Wall Street Analyst Weigh In

Several research analysts have commented on DNUT shares. Morgan Stanley lowered Krispy Kreme from an "equal weight" rating to an "underweight" rating and cut their price objective for the company from $12.00 to $6.00 in a research report on Wednesday, February 26th. Piper Sandler cut 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. Finally, Truist Financial reissued a "buy" rating and issued a $12.00 price objective (down from $15.00) on shares of Krispy Kreme in a research report on Wednesday, February 26th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Krispy Kreme presently has a consensus rating of "Moderate Buy" and an average target price of $13.13.

Krispy Kreme Stock Performance

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 50-day moving average price of $7.72 and a 200-day moving average price of $9.78. The firm has a market capitalization of $936.65 million, a price-to-earnings ratio of 32.35, a P/E/G ratio of 3.24 and a beta of 1.40.

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Krispy Kreme (NASDAQ:DNUT - Get Free Report) last issued its quarterly earnings data on Tuesday, February 25th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate 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 business's quarterly revenue was down 10.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.09 earnings per share. As a group, equities research analysts forecast that Krispy Kreme, Inc. will post 0.07 earnings per share for the current year.

Krispy Kreme Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 7th. Investors of record on Wednesday, April 23rd will be issued a dividend of $0.035 per share. The ex-dividend date of this dividend is Wednesday, April 23rd. This represents a $0.14 annualized dividend and a yield of 2.55%. Krispy Kreme's payout ratio is 700.00%.

Institutional Investors Weigh In On Krispy Kreme

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DNUT. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Krispy Kreme during the third quarter worth approximately $810,000. Intech Investment Management LLC bought a new stake in Krispy Kreme during the third quarter worth approximately $278,000. Landscape Capital Management L.L.C. raised its holdings in Krispy Kreme by 86.1% during the third quarter. Landscape Capital Management L.L.C. now owns 216,559 shares of the company's stock worth $2,326,000 after purchasing an additional 100,163 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in Krispy Kreme during the third quarter worth approximately $291,000. Finally, Blueshift Asset Management LLC bought a new stake in Krispy Kreme during the third quarter worth approximately $348,000. 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.