Krispy Kreme (DNUT) Set to Announce Earnings on Tuesday

Krispy Kreme (NASDAQ:DNUTGet Rating) will release its earnings data before the market opens on Tuesday, November 15th. Analysts expect Krispy Kreme to post earnings of $0.05 per share for the quarter. Krispy Kreme has set its FY22 guidance at $0.29-$0.32 EPS.Parties that are interested in registering for the company’s conference call can do so using this link.

Krispy Kreme (NASDAQ:DNUTGet Rating) last issued its earnings results on Wednesday, August 17th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.01). Krispy Kreme had a positive return on equity of 2.79% and a negative net margin of 0.28%. The business had revenue of $375.25 million for the quarter, compared to analyst estimates of $385.94 million. During the same period in the previous year, the firm posted $0.08 EPS. The firm’s revenue was up 7.5% compared to the same quarter last year. On average, analysts expect Krispy Kreme to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Krispy Kreme Trading Up 1.2 %

DNUT opened at $14.49 on Tuesday. The company has a market cap of $2.43 billion, a P/E ratio of -482.67, a PEG ratio of 3.44 and a beta of 1.41. The company has a current ratio of 0.31, a quick ratio of 0.22 and a debt-to-equity ratio of 0.52. The company’s 50 day moving average is $12.67 and its 200-day moving average is $13.42. Krispy Kreme has a 1-year low of $11.25 and a 1-year high of $19.55.

Krispy Kreme Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 9th. Stockholders of record on Wednesday, October 26th will be issued a dividend of $0.035 per share. The ex-dividend date of this dividend is Tuesday, October 25th. This represents a $0.14 annualized dividend and a dividend yield of 0.97%. Krispy Kreme’s dividend payout ratio (DPR) is presently -466.67%.

Insider Buying and Selling at Krispy Kreme

In other Krispy Kreme news, CEO Michael J. Tattersfield bought 30,000 shares of the business’s stock in a transaction that occurred on Thursday, August 18th. The shares were bought at an average price of $12.61 per share, for a total transaction of $378,300.00. Following the transaction, the chief executive officer now directly owns 2,834,623 shares in the company, valued at $35,744,596.03. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 4.29% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of DNUT. Advisor Group Holdings Inc. grew its stake in shares of Krispy Kreme by 178.8% in the 1st quarter. Advisor Group Holdings Inc. now owns 4,330 shares of the company’s stock valued at $65,000 after buying an additional 2,777 shares during the period. ProShare Advisors LLC acquired a new position in shares of Krispy Kreme during the first quarter worth approximately $237,000. JPMorgan Chase & Co. lifted its holdings in shares of Krispy Kreme by 196.0% in the 1st quarter. JPMorgan Chase & Co. now owns 48,744 shares of the company’s stock worth $724,000 after purchasing an additional 32,276 shares in the last quarter. Raymond James & Associates grew its position in Krispy Kreme by 531.9% in the 1st quarter. Raymond James & Associates now owns 83,326 shares of the company’s stock valued at $1,237,000 after purchasing an additional 70,139 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in Krispy Kreme by 81.1% during the 1st quarter. Bank of New York Mellon Corp now owns 408,143 shares of the company’s stock valued at $6,061,000 after purchasing an additional 182,771 shares in the last quarter. 76.51% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

DNUT has been the subject of a number of recent research reports. The Goldman Sachs Group lowered their target price on Krispy Kreme from $14.00 to $12.00 and set a “sell” rating for the company in a report on Thursday, August 18th. Morgan Stanley cut their target price on shares of Krispy Kreme from $16.00 to $15.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 11th. Citigroup decreased their price target on shares of Krispy Kreme from $15.00 to $14.00 and set a “neutral” rating for the company in a research report on Friday, August 19th. Finally, HSBC cut shares of Krispy Kreme from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $17.00 to $15.00 in a research note on Friday, August 19th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, Krispy Kreme has a consensus rating of “Hold” and an average price target of $15.43.

Krispy Kreme Company Profile

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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.

See Also

Earnings History for Krispy Kreme (NASDAQ:DNUT)

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