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

Krispy Kreme, Inc. (NASDAQ:DNUT) has earned a consensus recommendation of “Moderate Buy” from the nine ratings firms that are currently covering the firm, MarketBeat reports. Three analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $15.25.

Several equities research analysts recently commented on DNUT shares. Morgan Stanley reduced their price target on shares of Krispy Kreme from $14.00 to $12.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 21st. JPMorgan Chase & Co. reduced their target price on Krispy Kreme from $14.00 to $13.00 and set an “overweight” rating for the company in a report on Tuesday, November 12th.

Institutional Investors Weigh In On Krispy Kreme

Large investors have recently bought and sold shares of the business. BNP Paribas Financial Markets acquired a new stake in shares of Krispy Kreme in the fourth quarter worth about $152,305,000. Bamco Inc. NY raised its stake in shares of Krispy Kreme by 24.7% in the 4th quarter. Bamco Inc. NY now owns 13,069,717 shares of the company’s stock valued at $129,782,000 after acquiring an additional 2,588,398 shares in the last quarter. Cooper Creek Partners Management LLC lifted its holdings in Krispy Kreme by 43.0% in the 4th quarter. Cooper Creek Partners Management LLC now owns 7,264,760 shares of the company’s stock worth $72,139,000 after purchasing an additional 2,186,136 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in Krispy Kreme during the fourth quarter worth approximately $10,591,000. Finally, Paloma Partners Management Co grew its holdings in Krispy Kreme by 6,993.4% during the third quarter. Paloma Partners Management Co now owns 872,068 shares of the company’s stock valued at $9,366,000 after purchasing an additional 859,774 shares during the last quarter. 81.72% of the stock is currently owned by institutional investors.

Krispy Kreme Stock Down 21.9 %

Shares of Krispy Kreme stock opened at $7.13 on Wednesday. Krispy Kreme has a 12-month low of $6.35 and a 12-month high of $17.84. The firm has a market capitalization of $1.21 billion, a PE ratio of 41.94, a price-to-earnings-growth ratio of 3.24 and a beta of 1.34. The company has a quick ratio of 0.28, a current ratio of 0.35 and a debt-to-equity ratio of 0.67. The stock’s fifty day moving average is $9.11 and its 200-day moving average is $10.40.

Krispy Kreme (NASDAQ:DNUT) last posted its quarterly earnings data on Tuesday, February 25th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.09). Krispy Kreme had a return on equity of 0.53% and a net margin of 1.64%. The company had revenue of $404.00 million for the quarter, compared to analyst estimates of $413.18 million. During the same quarter in the previous year, the firm posted $0.09 EPS. Krispy Kreme’s quarterly revenue was down 10.4% on a year-over-year basis. Equities analysts anticipate that Krispy Kreme will post 0.07 earnings per share for the current year.

Krispy Kreme Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 7th. Investors of record on Wednesday, April 23rd will be issued a dividend of $0.035 per share. The ex-dividend date is Wednesday, April 23rd. This represents a $0.14 annualized dividend and a dividend yield of 1.96%. Krispy Kreme’s dividend payout ratio is 82.35%.

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.