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

Shares of Krispy Kreme, Inc. (NASDAQ:DNUT) have received a consensus recommendation of “Hold” from the nine ratings firms that are presently covering the company, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $15.35.

DNUT has been the subject of several research reports. Truist Financial cut Krispy Kreme from a “buy” rating to a “hold” rating and reduced their price objective for the company from $20.00 to $13.00 in a research report on Monday. Citigroup cut their price objective on shares of Krispy Kreme from $17.00 to $15.00 and set a “neutral” rating for the company in a research report on Friday, August 11th. JPMorgan Chase & Co. decreased their target price on Krispy Kreme from $18.00 to $16.00 and set an “overweight” rating on the stock in a research report on Friday, August 11th. Evercore ISI cut their price target on Krispy Kreme from $17.00 to $16.00 and set an “in-line” rating for the company in a report on Monday, August 14th. Finally, Bank of America decreased their price objective on Krispy Kreme from $20.00 to $19.00 and set a “buy” rating on the stock in a report on Friday, August 11th.

Krispy Kreme Stock Up 0.8 %

DNUT stock opened at $13.03 on Thursday. The stock has a market capitalization of $2.19 billion, a price-to-earnings ratio of -130.30, a price-to-earnings-growth ratio of 2.17 and a beta of 1.62. The company has a 50-day moving average of $12.81 and a two-hundred day moving average of $14.10. Krispy Kreme has a 52-week low of $10.21 and a 52-week high of $16.22. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.36 and a quick ratio of 0.28.

Krispy Kreme (NASDAQ:DNUT) last posted its quarterly earnings data on Thursday, August 10th. The company reported $0.04 earnings per share for the quarter, hitting the consensus estimate of $0.04. The business had revenue of $408.88 million during the quarter, compared to analysts’ expectations of $408.89 million. Krispy Kreme had a positive return on equity of 1.65% and a negative net margin of 0.98%. As a group, equities research analysts anticipate that Krispy Kreme will post 0.22 EPS for the current year.

Krispy Kreme Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 9th. Investors of record on Thursday, October 26th will be paid a $0.035 dividend. This represents a $0.14 annualized dividend and a yield of 1.07%. The ex-dividend date of this dividend is Wednesday, October 25th. Krispy Kreme’s dividend payout ratio is -140.00%.

Institutional Investors Weigh In On Krispy Kreme

Large investors have recently made changes to their positions in the company. US Bancorp DE acquired a new position in Krispy Kreme in the first quarter valued at about $30,000. Tower Research Capital LLC TRC boosted its holdings in shares of Krispy Kreme by 100.3% in the 1st quarter. Tower Research Capital LLC TRC now owns 2,113 shares of the company’s stock worth $33,000 after acquiring an additional 1,058 shares in the last quarter. Lazard Asset Management LLC bought a new stake in Krispy Kreme during the 4th quarter worth approximately $35,000. UBS Group AG increased its holdings in Krispy Kreme by 28.3% during the 2nd quarter. UBS Group AG now owns 3,672 shares of the company’s stock valued at $50,000 after purchasing an additional 810 shares in the last quarter. Finally, Advisor Group Holdings Inc. boosted 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 worth $65,000 after purchasing an additional 2,777 shares in the last quarter. Institutional investors own 78.07% of the company’s stock.

Krispy Kreme Company Profile

Krispy Kreme, Inc, together with its subsidiaries, produces doughnuts in the United States, the United Kingdom, Australia, New Zealand, Mexico, and internationally. The company operates through three segments: U.S. and Canada, International, and Market Development. The company offers doughnut experiences through hot light theater and fresh shops, delivered fresh daily branded cabinets and merchandising units within grocery and convenience stores, and ecommerce, as well as through its branded sweet treat line comprising Krispy Kreme branded sweet treats.