Krispy Kreme, Inc. (NASDAQ:DNUT) Receives $16.31 Consensus PT from Brokerages

Shares of Krispy Kreme, Inc. (NASDAQ:DNUT) have been given a consensus recommendation of “Hold” by the eight ratings firms that are covering the company, Marketbeat Ratings reports. Six analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $16.31.

Several brokerages recently weighed in on DNUT. Bank of America lifted their price objective on Krispy Kreme from $16.00 to $19.00 and gave the stock a “buy” rating in a report on Monday, April 8th. Citigroup boosted their price target on shares of Krispy Kreme from $14.00 to $19.00 and gave the company a “neutral” rating in a research report on Wednesday, March 27th. Capital One Financial started coverage on shares of Krispy Kreme in a report on Monday, January 22nd. They issued an “equal weight” rating and a $16.00 price objective for the company. Piper Sandler upgraded shares of Krispy Kreme from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $14.00 to $20.00 in a research note on Friday, April 5th. Finally, JPMorgan Chase & Co. dropped their target price on Krispy Kreme from $14.00 to $13.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 19th.

Krispy Kreme Trading Down 1.3 %

Shares of DNUT stock opened at $12.49 on Thursday. The company has a quick ratio of 0.26, a current ratio of 0.33 and a debt-to-equity ratio of 0.66. The firm has a market cap of $2.11 billion, a P/E ratio of -56.77, a PEG ratio of 2.54 and a beta of 1.47. The company has a 50 day moving average of $13.47 and a 200-day moving average of $13.51. Krispy Kreme has a 12-month low of $11.52 and a 12-month high of $17.84.

Krispy Kreme (NASDAQ:DNUT) last announced its quarterly earnings data on Tuesday, February 13th. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.04). Krispy Kreme had a negative net margin of 2.25% and a positive return on equity of 2.02%. The firm had revenue of $450.90 million for the quarter, compared to the consensus estimate of $438.95 million. During the same period last year, the company posted $0.11 earnings per share. Krispy Kreme’s revenue for the quarter was up 11.4% on a year-over-year basis. Sell-side analysts anticipate that Krispy Kreme will post 0.16 earnings per share for the current year.

Krispy Kreme Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 8th. Stockholders of record on Wednesday, April 24th will be given a dividend of $0.035 per share. The ex-dividend date is Tuesday, April 23rd. This represents a $0.14 dividend on an annualized basis and a dividend yield of 1.12%. Krispy Kreme’s dividend payout ratio (DPR) is currently -63.64%.

Insider Transactions at Krispy Kreme

In related news, Director Michael J. Tattersfield sold 100,000 shares of the business’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $12.82, for a total transaction of $1,282,000.00. Following the completion of the transaction, the director now directly owns 2,936,940 shares in the company, valued at $37,651,570.80. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders own 4.00% of the company’s stock.

Hedge Funds Weigh In On Krispy Kreme

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Bamco Inc. NY raised its position in shares of Krispy Kreme by 59.5% during the 3rd quarter. Bamco Inc. NY now owns 9,221,657 shares of the company’s stock valued at $114,994,000 after buying an additional 3,439,948 shares in the last quarter. Vanguard Group Inc. raised its position in Krispy Kreme by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 8,481,418 shares of the company’s stock valued at $127,985,000 after purchasing an additional 58,222 shares in the last quarter. Hsbc Holdings PLC lifted its stake in Krispy Kreme by 157.1% during the fourth quarter. Hsbc Holdings PLC now owns 6,978,000 shares of the company’s stock worth $106,130,000 after purchasing an additional 4,263,574 shares during the last quarter. Banco Santander S.A. boosted its holdings in shares of Krispy Kreme by 1.4% in the 3rd quarter. Banco Santander S.A. now owns 6,895,249 shares of the company’s stock worth $85,984,000 after purchasing an additional 97,037 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Krispy Kreme by 25.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,317,443 shares of the company’s stock valued at $34,971,000 after purchasing an additional 469,379 shares during the last quarter. Hedge funds and other institutional investors own 81.72% 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.