Krispy Kreme, Inc. (NASDAQ:DNUT) Given Consensus Rating of “Buy” by Analysts

Krispy Kreme, Inc. (NASDAQ:DNUTGet Rating) has been assigned a consensus recommendation of “Buy” from the fourteen research firms that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating on the company. The average 1-year target price among brokers that have covered the stock in the last year is $17.57.

Several brokerages recently issued reports on DNUT. Citigroup cut their price objective on shares of Krispy Kreme from $16.00 to $15.00 and set a “neutral” rating on the stock in a report on Thursday, May 12th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Krispy Kreme from $16.00 to $14.00 in a research note on Thursday, May 12th. Zacks Investment Research upgraded shares of Krispy Kreme from a “sell” rating to a “hold” rating in a research note on Monday, May 16th. Morgan Stanley lowered their price objective on shares of Krispy Kreme from $20.00 to $18.00 and set an “overweight” rating for the company in a research note on Thursday, April 14th. Finally, HSBC upgraded shares of Krispy Kreme from a “hold” rating to a “buy” rating and set a $17.00 target price for the company in a research report on Friday, May 13th.

Shares of NASDAQ:DNUT opened at $13.86 on Friday. The firm has a market cap of $2.32 billion and a PE ratio of -98.99. The firm’s 50 day simple moving average is $13.99 and its 200-day simple moving average is $14.78. Krispy Kreme has a one year low of $11.98 and a one year high of $21.69. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.22 and a current ratio of 0.30.

Krispy Kreme (NASDAQ:DNUTGet Rating) last issued its earnings results on Tuesday, February 22nd. The company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). The company had revenue of $370.60 million for the quarter, compared to analysts’ expectations of $363.04 million. Krispy Kreme had a positive return on equity of 3.31% and a negative net margin of 1.22%. The firm’s revenue was up 13.8% compared to the same quarter last year. Equities research analysts predict that Krispy Kreme will post 0.28 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 10th. Shareholders of record on Wednesday, July 27th will be issued a $0.035 dividend. The ex-dividend date of this dividend is Tuesday, July 26th. This represents a $0.14 annualized dividend and a yield of 1.01%. Krispy Kreme’s payout ratio is -99.99%.

In other news, CEO Michael J. Tattersfield bought 9,500 shares of the firm’s stock in a transaction on Thursday, March 10th. The shares were bought at an average cost of $13.95 per share, for a total transaction of $132,525.00. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Several hedge funds have recently modified their holdings of DNUT. SG Americas Securities LLC acquired a new position in shares of Krispy Kreme in the 3rd quarter worth approximately $129,000. New York State Common Retirement Fund purchased a new stake in shares of Krispy Kreme in the 3rd quarter valued at approximately $108,000. Deutsche Bank AG purchased a new stake in shares of Krispy Kreme in the 3rd quarter valued at approximately $192,000. Advisor Group Holdings Inc. purchased a new stake in shares of Krispy Kreme in the 3rd quarter valued at approximately $47,000. Finally, BlackRock Inc. purchased a new stake in shares of Krispy Kreme in the 3rd quarter valued at approximately $17,561,000. Hedge funds and other institutional investors own 68.82% of the company’s stock.

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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