Krispy Kreme, Inc. (NASDAQ:DNUT – Get Rating) has been assigned an average recommendation of “Hold” from the fourteen brokerages that are covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and seven have given a buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $17.65.
A number of research firms recently commented on DNUT. Bank of America started coverage on Krispy Kreme in a report on Tuesday, January 11th. They issued a “buy” rating and a $23.00 price objective on the stock. Morgan Stanley lowered their price target on Krispy Kreme from $20.00 to $18.00 and set an “overweight” rating on the stock in a report on Thursday, April 14th. Zacks Investment Research downgraded Krispy Kreme from a “hold” rating to a “sell” rating in a report on Friday, April 22nd. Finally, Citigroup downgraded Krispy Kreme from a “buy” rating to a “neutral” rating and lowered their price target for the company from $24.00 to $16.00 in a report on Monday, April 11th.
In other Krispy Kreme news, CEO Michael J. Tattersfield bought 9,500 shares of the stock in a transaction dated Thursday, March 10th. The stock was bought at an average cost of $13.95 per share, for a total transaction of $132,525.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Shares of DNUT opened at $13.68 on Wednesday. Krispy Kreme has a fifty-two week low of $12.63 and a fifty-two week high of $21.69. The company has a current ratio of 0.30, a quick ratio of 0.23 and a debt-to-equity ratio of 0.51. The business’s 50-day moving average is $14.26 and its 200-day moving average is $14.79.
Krispy Kreme (NASDAQ:DNUT – Get Rating) last released its quarterly earnings data on Tuesday, February 22nd. The company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). Krispy Kreme had a positive return on equity of 2.80% and a negative net margin of 1.77%. The firm had revenue of $370.60 million during the quarter, compared to analyst estimates of $363.04 million. The business’s quarterly revenue was up 13.8% compared to the same quarter last year. Sell-side analysts predict that Krispy Kreme will post 0.28 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 11th. Stockholders of record on Wednesday, April 27th will be paid a $0.035 dividend. The ex-dividend date is Tuesday, April 26th. This represents a $0.14 dividend on an annualized basis and a dividend yield of 1.02%.
About Krispy Kreme (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.
- Get a free copy of the StockNews.com research report on Krispy Kreme (DNUT)
- Newmont Corporation is the Same as It’s Always Been Which is Why It’s a Buy
- The Sherwin-Williams Company Bottoms Above Institutional Support
- Simpson Manufacturing Co. Hits The Nail On The Head, Again
- What To Make Of Activision Blizzard (NASDAQ: ATVI)
- Whirlpool Is A Steal At These Prices
Receive News & Ratings for Krispy Kreme Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Krispy Kreme and related companies with MarketBeat.com's FREE daily email newsletter.