Krispy Kreme (DNUT) Set to Announce Earnings on Thursday

Krispy Kreme (NASDAQ:DNUT) is set to announce its earnings results before the market opens on Thursday, May 9th. Analysts expect the company to announce earnings of $0.07 per share for the quarter. Krispy Kreme has set its FY24 guidance at $0.27 to $0.31 EPS and its FY 2024 guidance at 0.270-0.310 EPS.Individual interested in registering for the company’s earnings conference call can do so using this link.

Krispy Kreme (NASDAQ:DNUT) last announced its quarterly earnings results on Tuesday, February 13th. The company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.04). Krispy Kreme had a positive return on equity of 2.02% and a negative net margin of 2.25%. The company had revenue of $450.90 million during the quarter, compared to analyst estimates of $438.95 million. During the same period in the prior year, the firm earned $0.11 EPS. Krispy Kreme’s quarterly revenue was up 11.4% on a year-over-year basis. 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 Stock Down 0.5 %

Shares of DNUT stock opened at $12.82 on Wednesday. The company has a market capitalization of $2.16 billion, a price-to-earnings ratio of -58.27, a PEG ratio of 2.47 and a beta of 1.52. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.26 and a current ratio of 0.33. The stock’s 50 day simple moving average is $13.42 and its 200 day simple moving average is $13.51. Krispy Kreme has a twelve month low of $11.52 and a twelve month high of $17.84.

Krispy Kreme Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 7th. Stockholders of record on Wednesday, July 24th will be paid a $0.035 dividend. This represents a $0.14 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date of this dividend is Wednesday, July 24th. Krispy Kreme’s payout ratio is -63.64%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. JPMorgan Chase & Co. dropped their price objective on Krispy Kreme from $14.00 to $13.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 19th. Capital One Financial started coverage on Krispy Kreme in a research report on Monday, January 22nd. They issued an “equal weight” rating and a $16.00 price objective for the company. Citigroup boosted their target price on shares of Krispy Kreme from $14.00 to $19.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 27th. Piper Sandler raised shares of Krispy Kreme from a “neutral” rating to an “overweight” rating and increased their price target for the company from $14.00 to $20.00 in a report on Friday, April 5th. Finally, Bank of America boosted their price objective on shares of Krispy Kreme from $16.00 to $19.00 and gave the stock a “buy” rating in a report on Monday, April 8th. Six analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $16.31.

Insiders Place Their Bets

In other news, Director Michael J. Tattersfield sold 100,000 shares of the business’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $12.82, for a total value of $1,282,000.00. Following the sale, the director now owns 2,936,940 shares in the company, valued at approximately $37,651,570.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 5.30% of the company’s stock.

About Krispy Kreme

Krispy Kreme, Inc, together with its subsidiaries, produces doughnuts in the United States, the United Kingdom, Ireland, Australia, New Zealand, Mexico, Canada, Japan, and internationally. The company operates through three segments: U.S., 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, quick service restaurants, club memberships, drug stores, and ecommerce, as well as through its branded sweet treat line comprising Krispy Kreme branded sweet treats.