Krispy Kreme, Inc. (NASDAQ:DNUT) Receives Consensus Recommendation of “Hold” from Analysts

Krispy Kreme, Inc. (NASDAQ:DNUTGet Rating) has been assigned an average recommendation of “Hold” from the fourteen brokerages that are covering the stock, 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.

A number of hedge funds have recently made changes to their positions in DNUT. Strs Ohio acquired a new stake in Krispy Kreme in the third quarter worth about $70,000. SG Americas Securities LLC bought a new position in Krispy Kreme during the third quarter worth about $129,000. New York State Common Retirement Fund bought a new position in Krispy Kreme during the third quarter worth about $108,000. Deutsche Bank AG bought a new position in Krispy Kreme during the third quarter worth about $192,000. Finally, Pacific Global Investment Management Co. bought a new position in Krispy Kreme during the third quarter worth about $208,000. Hedge funds and other institutional investors own 68.44% of the company’s stock.

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:DNUTGet 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.

Further Reading

Analyst Recommendations for Krispy Kreme (NASDAQ:DNUT)

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