Krispy Kreme, Inc. (NASDAQ:DNUT) to Issue Quarterly Dividend of $0.04

Krispy Kreme, Inc. (NASDAQ:DNUTGet Rating) declared a quarterly dividend on Wednesday, February 9th, Zacks reports. Shareholders of record on Wednesday, April 27th will be paid a dividend of 0.035 per share on Wednesday, May 11th. This represents a $0.14 annualized dividend and a yield of 0.98%. The ex-dividend date is Tuesday, April 26th.

Shares of NASDAQ:DNUT opened at $14.35 on Friday. Krispy Kreme has a 52-week low of $12.63 and a 52-week high of $21.69. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.30 and a quick ratio of 0.23. The stock’s 50-day simple moving average is $14.25 and its two-hundred day simple moving average is $14.78.

Krispy Kreme (NASDAQ:DNUTGet Rating) last posted its earnings results on Tuesday, February 22nd. The company reported $0.05 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.06 by ($0.01). Krispy Kreme had a negative net margin of 1.77% and a positive return on equity of 2.80%. The firm had revenue of $370.60 million during the quarter, compared to analysts’ expectations of $363.04 million. Krispy Kreme’s quarterly revenue was up 13.8% on a year-over-year basis. Equities analysts anticipate that Krispy Kreme will post 0.28 earnings per share for the current year.

Several equities analysts have issued reports on the company. Morgan Stanley dropped their target price on Krispy Kreme from $20.00 to $18.00 and set an “overweight” rating on the stock in a research report on Thursday, April 14th. Bank of America assumed coverage on Krispy Kreme in a research report on Tuesday, January 11th. They set a “buy” rating and a $23.00 target price on the stock. Zacks Investment Research cut Krispy Kreme from a “hold” rating to a “sell” rating in a research report on Friday. Finally, Citigroup cut Krispy Kreme from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $24.00 to $16.00 in a research report on Monday, April 11th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $17.65.

In other Krispy Kreme news, CEO Michael J. Tattersfield purchased 9,500 shares of Krispy Kreme stock in a transaction on Thursday, March 10th. The shares were bought at an average price of $13.95 per share, with a total value of $132,525.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Several institutional investors and hedge funds have recently modified their holdings of the stock. UBS Group AG acquired a new stake in Krispy Kreme in the 3rd quarter valued at $61,000. Royal Bank of Canada acquired a new stake in Krispy Kreme in the 3rd quarter valued at $124,000. Citigroup Inc. increased its holdings in Krispy Kreme by 126.7% in the 4th quarter. Citigroup Inc. now owns 8,963 shares of the company’s stock valued at $170,000 after purchasing an additional 5,010 shares in the last quarter. California State Teachers Retirement System acquired a new stake in Krispy Kreme in the 3rd quarter valued at $166,000. Finally, American International Group Inc. acquired a new stake in Krispy Kreme in the 3rd quarter valued at $168,000. 68.44% of the stock is currently owned by institutional investors and hedge funds.

Krispy Kreme Company Profile (Get Rating)

Krispy Kreme, Inc, together with its subsidiaries, operates through an omni-channel business model to provide doughnut experiences and produce doughnuts. The company operates through three segments: U.S. and Canada, International, and Market Development. It also produces cookies, brownies, cookie cakes, ice cream, cookie-wiches, and cold milk, as well as doughnut mixes, other ingredients, and doughnut-making equipment.

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