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

Shares of Krispy Kreme, Inc. (NASDAQ:DNUTGet Rating) have earned a consensus rating of “Hold” from the six brokerages that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $15.50.

DNUT has been the topic of a number of analyst reports. Morgan Stanley decreased their price target on Krispy Kreme from $16.00 to $15.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 11th. The Goldman Sachs Group decreased their price target on Krispy Kreme from $14.00 to $12.00 and set a “sell” rating on the stock in a research note on Thursday, August 18th. Citigroup reduced their price objective on Krispy Kreme from $15.00 to $14.00 and set a “neutral” rating for the company in a report on Friday, August 19th. Finally, HSBC cut 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 report on Friday, August 19th.

Insider Transactions at Krispy Kreme

In related news, CEO Michael J. Tattersfield purchased 30,000 shares of the business’s stock in a transaction dated Thursday, August 18th. The stock was bought at an average cost of $12.61 per share, with a total value of $378,300.00. Following the completion of the acquisition, the chief executive officer now directly owns 2,834,623 shares in the company, valued at approximately $35,744,596.03. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 4.29% of the company’s stock.

Hedge Funds Weigh In On Krispy Kreme

Several institutional investors have recently added to or reduced their stakes in DNUT. Truist Financial Corp acquired a new position in Krispy Kreme in the first quarter valued at $1,498,000. Envestnet Asset Management Inc. acquired a new position in Krispy Kreme in the first quarter valued at $1,423,000. Commonwealth Equity Services LLC acquired a new position in Krispy Kreme in the first quarter valued at $155,000. Victory Capital Management Inc. acquired a new position in Krispy Kreme in the first quarter valued at $148,000. Finally, Advisor Group Holdings Inc. increased its stake in Krispy Kreme by 178.8% in the first quarter. Advisor Group Holdings Inc. now owns 4,330 shares of the company’s stock valued at $65,000 after purchasing an additional 2,777 shares during the last quarter. 76.51% of the stock is currently owned by institutional investors and hedge funds.

Krispy Kreme Trading Up 0.3 %

Shares of DNUT stock opened at $14.26 on Friday. The business’s 50 day moving average is $12.93 and its two-hundred day moving average is $13.43. Krispy Kreme has a twelve month low of $11.25 and a twelve month high of $19.55. The company has a market capitalization of $2.39 billion, a P/E ratio of -475.33, a price-to-earnings-growth ratio of 4.55 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.

Krispy Kreme (NASDAQ:DNUTGet Rating) last posted its quarterly earnings results on Wednesday, August 17th. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). Krispy Kreme had a negative net margin of 0.28% and a positive return on equity of 2.79%. The business had revenue of $375.25 million during the quarter, compared to analysts’ expectations of $385.94 million. During the same quarter last year, the firm earned $0.08 earnings per share. The firm’s quarterly revenue was up 7.5% compared to the same quarter last year. Equities analysts forecast that Krispy Kreme will post 0.2 EPS for the current year.

Krispy Kreme Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 9th. Stockholders of record on Wednesday, October 26th were issued a $0.035 dividend. The ex-dividend date was Tuesday, October 25th. This represents a $0.14 dividend on an annualized basis and a dividend yield of 0.98%. Krispy Kreme’s dividend payout ratio (DPR) is -466.67%.

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.

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Analyst Recommendations for Krispy Kreme (NASDAQ:DNUT)

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