Krispy Kreme, Inc. (NASDAQ:DNUT) Receives $15.25 Average PT from Brokerages

Krispy Kreme, Inc. (NASDAQ:DNUT) has been given an average recommendation of “Moderate Buy” by the nine ratings firms that are covering the company, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation, five have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $15.25.

DNUT has been the subject of several recent research reports. Bank of America boosted their price target on Krispy Kreme from $15.00 to $16.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. JPMorgan Chase & Co. dropped their price objective on Krispy Kreme from $14.00 to $13.00 and set an “overweight” rating for the company in a research note on Tuesday, November 12th. Finally, Morgan Stanley decreased their target price on Krispy Kreme from $14.00 to $12.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 21st.

Institutional Investors Weigh In On Krispy Kreme

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Point72 DIFC Ltd purchased a new stake in Krispy Kreme during the third quarter valued at approximately $51,000. Central Pacific Bank Trust Division purchased a new stake in shares of Krispy Kreme in the fourth quarter worth approximately $71,000. Blue Trust Inc. raised its holdings in shares of Krispy Kreme by 28.3% in the third quarter. Blue Trust Inc. now owns 8,064 shares of the company’s stock worth $87,000 after buying an additional 1,779 shares during the period. First Hawaiian Bank purchased a new stake in shares of Krispy Kreme in the fourth quarter worth approximately $111,000. Finally, nVerses Capital LLC purchased a new stake in shares of Krispy Kreme in the third quarter worth approximately $124,000. 81.72% of the stock is currently owned by hedge funds and other institutional investors.

Krispy Kreme Stock Performance

Shares of DNUT opened at $9.38 on Friday. 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 has a one year low of $8.44 and a one year high of $17.84. The firm has a market capitalization of $1.59 billion, a P/E ratio of 55.18, a PEG ratio of 3.04 and a beta of 1.36. The business has a fifty day moving average of $9.85 and a 200 day moving average of $10.67.

Krispy Kreme Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 5th. Investors of record on Wednesday, January 22nd will be given a $0.035 dividend. The ex-dividend date of this dividend is Wednesday, January 22nd. This represents a $0.14 dividend on an annualized basis and a dividend yield of 1.49%. Krispy Kreme’s dividend payout ratio is currently 82.35%.

About Krispy Kreme

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.