Krispy Kreme, Inc. (NASDAQ:DNUT) Receives $15.67 Average PT from Analysts

Shares of Krispy Kreme, Inc. (NASDAQ:DNUT) have been given a consensus rating of “Moderate Buy” by the ten brokerages that are covering the firm, Marketbeat Ratings reports. Four analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $15.56.

A number of analysts have commented on DNUT shares. Bank of America boosted their price target on shares of Krispy Kreme from $15.00 to $16.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Evercore ISI restated an “in-line” rating and issued a $13.00 target price on shares of Krispy Kreme in a report on Tuesday, August 27th. HSBC raised shares of Krispy Kreme from a “hold” rating to a “buy” rating and set a $14.00 price target on the stock in a research report on Tuesday, July 23rd. Hsbc Global Res raised Krispy Kreme from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 23rd. Finally, JPMorgan Chase & Co. dropped their target price on Krispy Kreme from $14.00 to $13.00 and set an “overweight” rating on the stock in a report on Tuesday.

Hedge Funds Weigh In On Krispy Kreme

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Quantbot Technologies LP boosted its stake in Krispy Kreme by 167.6% in the first quarter. Quantbot Technologies LP now owns 43,304 shares of the company’s stock valued at $660,000 after acquiring an additional 27,122 shares during the last quarter. SG Americas Securities LLC grew its holdings in Krispy Kreme by 1,058.1% during the first quarter. SG Americas Securities LLC now owns 209,100 shares of the company’s stock valued at $3,186,000 after purchasing an additional 191,044 shares during the period. Swiss National Bank increased its position in Krispy Kreme by 11.5% in the first quarter. Swiss National Bank now owns 166,400 shares of the company’s stock worth $2,535,000 after buying an additional 17,200 shares during the last quarter. ProShare Advisors LLC raised its stake in shares of Krispy Kreme by 8.5% in the first quarter. ProShare Advisors LLC now owns 15,739 shares of the company’s stock valued at $240,000 after buying an additional 1,239 shares during the period. Finally, Entropy Technologies LP bought a new stake in shares of Krispy Kreme in the first quarter valued at $246,000. 81.72% of the stock is owned by hedge funds and other institutional investors.

Krispy Kreme Trading Down 3.8 %

Shares of Krispy Kreme stock opened at $10.88 on Monday. The stock has a market capitalization of $1.85 billion, a PE ratio of 64.00, a price-to-earnings-growth ratio of 2.84 and a beta of 1.39. Krispy Kreme has a 52 week low of $9.18 and a 52 week high of $17.84. The stock has a 50 day moving average price of $11.41 and a two-hundred day moving average price of $11.20. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.26 and a current ratio of 0.35.

Krispy Kreme Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 6th. Stockholders of record on Wednesday, October 23rd were given a dividend of $0.035 per share. This represents a $0.14 annualized dividend and a dividend yield of 1.29%. The ex-dividend date was Wednesday, October 23rd. Krispy Kreme’s dividend payout ratio is presently 82.35%.

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.