Krispy Kreme, Inc. (NASDAQ:DNUT) Given Average Rating of “Moderate Buy” by Analysts

Shares of Krispy Kreme, Inc. (NASDAQ:DNUT) have been given a consensus rating of “Moderate Buy” by the ten ratings firms that are currently covering the firm, MarketBeat reports. Four investment analysts have rated the stock with a hold recommendation, five have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $15.56.

A number of brokerages have recently commented on DNUT. Bank of America boosted 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. Morgan Stanley began coverage on Krispy Kreme in a report on Tuesday, November 5th. They issued an “equal weight” rating and a $14.00 price target for the company. Hsbc Global Res raised Krispy Kreme from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 23rd. Evercore ISI reaffirmed an “in-line” rating and issued a $13.00 price target on shares of Krispy Kreme in a report on Tuesday, August 27th. Finally, JPMorgan Chase & Co. lowered their price target on Krispy Kreme from $14.00 to $13.00 and set an “overweight” rating for the company in a report on Tuesday.

Krispy Kreme Stock Down 1.7 %

Shares of DNUT opened at $10.89 on Monday. The firm has a market cap of $1.85 billion, a P/E ratio of 64.06, a price-to-earnings-growth ratio of 2.73 and a beta of 1.39. Krispy Kreme has a 12-month low of $9.18 and a 12-month high of $17.84. The company’s 50-day moving average price is $11.39 and its 200 day moving average price is $11.18. The company has a current ratio of 0.35, a quick ratio of 0.26 and a debt-to-equity ratio of 0.67.

Krispy Kreme Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 6th. Investors of record on Wednesday, October 23rd were paid a dividend of $0.035 per share. This represents a $0.14 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date of this dividend was Wednesday, October 23rd. Krispy Kreme’s payout ratio is currently 82.35%.

Institutional Trading of Krispy Kreme

A number of hedge funds have recently added to or reduced their stakes in DNUT. Point72 DIFC Ltd acquired a new position in shares of Krispy Kreme in the 3rd quarter valued at about $51,000. Blue Trust Inc. acquired a new position in shares of Krispy Kreme in the 2nd quarter valued at about $68,000. Tidal Investments LLC acquired a new position in shares of Krispy Kreme in the 1st quarter valued at about $154,000. nVerses Capital LLC acquired a new position in shares of Krispy Kreme in the 3rd quarter valued at about $124,000. Finally, ProShare Advisors LLC lifted its stake in shares of Krispy Kreme by 8.5% in the 1st quarter. ProShare Advisors LLC now owns 15,739 shares of the company’s stock valued at $240,000 after purchasing an additional 1,239 shares in the last quarter. 81.72% of the stock is owned by institutional investors and hedge funds.

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.