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

Shares of Krispy Kreme, Inc. (NASDAQ:DNUT) have earned an average rating of “Moderate Buy” from the ten research firms that are presently covering the stock, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $15.67.

A number of equities research analysts recently commented on DNUT shares. HSBC upgraded shares of Krispy Kreme from a “hold” rating to a “buy” rating and set a $14.00 price objective for the company in a research report on Tuesday, July 23rd. Bank of America lifted their price objective on Krispy Kreme from $15.00 to $16.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Hsbc Global Res raised shares of Krispy Kreme from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 23rd. Morgan Stanley started coverage on shares of Krispy Kreme in a research note on Tuesday, November 5th. They set an “equal weight” rating and a $14.00 price objective for the company. Finally, Evercore ISI reaffirmed an “in-line” rating and set a $13.00 price target on shares of Krispy Kreme in a research report on Tuesday, August 27th.

Krispy Kreme Stock Performance

Shares of DNUT stock opened at $11.43 on Monday. The stock’s 50-day moving average is $11.42 and its two-hundred day moving average is $11.22. The firm has a market cap of $1.94 billion, a price-to-earnings ratio of -38.10, a PEG ratio of 3.13 and a beta of 1.39. Krispy Kreme has a 1 year low of $9.18 and a 1 year high of $17.84. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.26 and a current ratio of 0.34.

Krispy Kreme (NASDAQ:DNUT) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.05 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.05. The firm had revenue of $438.80 million for the quarter, compared to analyst estimates of $435.43 million. Krispy Kreme had a positive return on equity of 1.12% and a negative net margin of 2.98%. The business’s revenue was up 7.3% on a year-over-year basis. During the same quarter last year, the company posted $0.04 earnings per share. Analysts predict that Krispy Kreme will post 0.13 earnings per share for the current year.

Krispy Kreme Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 6th. Stockholders of record on Wednesday, October 23rd were paid a $0.035 dividend. The ex-dividend date of this dividend was Wednesday, October 23rd. This represents a $0.14 dividend on an annualized basis and a dividend yield of 1.22%. Krispy Kreme’s dividend payout ratio (DPR) is presently -46.67%.

Institutional Investors Weigh In On Krispy Kreme

A number of institutional investors have recently modified their holdings of the stock. Landscape Capital Management L.L.C. raised its stake in shares of Krispy Kreme by 86.1% in the 3rd quarter. Landscape Capital Management L.L.C. now owns 216,559 shares of the company’s stock valued at $2,326,000 after purchasing an additional 100,163 shares in the last quarter. Intech Investment Management LLC bought a new stake in shares of Krispy Kreme during the 3rd quarter valued at about $278,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in Krispy Kreme in the 3rd quarter worth about $810,000. Connable Office Inc. grew its position in Krispy Kreme by 98.3% in the 3rd quarter. Connable Office Inc. now owns 29,968 shares of the company’s stock worth $322,000 after purchasing an additional 14,859 shares during the last quarter. Finally, Sargent Investment Group LLC bought a new position in shares of Krispy Kreme in the third quarter valued at approximately $215,000. Institutional investors and hedge funds own 81.72% 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, 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.