Krispy Kreme, Inc. (NASDAQ:DNUT) Receives Average Recommendation of “Moderate Buy” from Analysts

Krispy Kreme, Inc. (NASDAQ:DNUT) has been given a consensus recommendation of “Moderate Buy” by the eight ratings firms that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating, five have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $12.29.

A number of equities analysts have recently commented on DNUT shares. Truist Financial reiterated a “buy” rating and issued a $12.00 price objective (down from $15.00) on shares of Krispy Kreme in a research note on Wednesday, February 26th. Morgan Stanley downgraded Krispy Kreme from an “equal weight” rating to an “underweight” rating and dropped their price target for the stock from $12.00 to $6.00 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 for the company in a research report on Wednesday, February 26th.

Krispy Kreme Stock Up 9.7 %

DNUT opened at $4.42 on Thursday. Krispy Kreme has a twelve month low of $3.92 and a twelve month high of $15.30. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.28 and a current ratio of 0.35. The business has a 50 day moving average price of $6.49 and a 200 day moving average price of $9.05. The firm has a market cap of $752.73 million, a P/E ratio of 26.00, a price-to-earnings-growth ratio of 3.24 and a beta of 1.47.

Krispy Kreme (NASDAQ:DNUT) last posted 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 firm had revenue of $404.00 million for the quarter, compared to the consensus estimate of $413.18 million. Krispy Kreme had a return on equity of 0.53% and a net margin of 1.64%. Krispy Kreme’s quarterly revenue was down 10.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.09 earnings per share. Research analysts forecast that Krispy Kreme will post 0.07 EPS for the current year.

Krispy Kreme Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 7th. Stockholders of record on Wednesday, April 23rd will be issued a dividend of $0.035 per share. This represents a $0.14 annualized dividend and a dividend yield of 3.17%. The ex-dividend date of this dividend is Wednesday, April 23rd. Krispy Kreme’s payout ratio is presently 700.00%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of DNUT. BNP Paribas Financial Markets acquired a new position in shares of Krispy Kreme in the 4th quarter valued at $152,305,000. Bamco Inc. NY increased its stake in Krispy Kreme by 24.7% in the fourth quarter. Bamco Inc. NY now owns 13,069,717 shares of the company’s stock valued at $129,782,000 after acquiring an additional 2,588,398 shares during the period. Cooper Creek Partners Management LLC raised its position in Krispy Kreme by 43.0% in the fourth quarter. Cooper Creek Partners Management LLC now owns 7,264,760 shares of the company’s stock worth $72,139,000 after purchasing an additional 2,186,136 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC bought a new position in Krispy Kreme during the fourth quarter worth about $10,591,000. Finally, Peregrine Capital Management LLC bought a new position in Krispy Kreme during the fourth quarter worth about $5,897,000. 81.72% of the stock is currently owned by institutional investors and hedge funds.

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.