Analysts Set Krispy Kreme, Inc. (NASDAQ:DNUT) Price Target at $13.13

Shares of Krispy Kreme, Inc. (NASDAQ:DNUT) have received a consensus recommendation of “Moderate Buy” from the nine research firms that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, two have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $13.13.

A number of research firms recently issued reports on DNUT. Truist Financial restated a “buy” rating and set a $12.00 price objective (down previously from $15.00) on shares of Krispy Kreme in a report on Wednesday, February 26th. Piper Sandler decreased their price objective on shares of Krispy Kreme from $18.00 to $12.00 and set an “overweight” rating for the company in a report on Wednesday, February 26th. Finally, Morgan Stanley downgraded shares of Krispy Kreme from an “equal weight” rating to an “underweight” rating and decreased their price objective for the stock from $12.00 to $6.00 in a report on Wednesday, February 26th.

Krispy Kreme Stock Down 2.5 %

DNUT opened at $5.50 on Friday. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.35 and a quick ratio of 0.28. The company’s 50-day moving average is $7.72 and its 200 day moving average is $9.77. Krispy Kreme has a fifty-two week low of $5.31 and a fifty-two week high of $17.84. The firm has a market capitalization of $936.65 million, a P/E ratio of 32.35, a PEG ratio of 3.24 and a beta of 1.40.

Krispy Kreme (NASDAQ:DNUT) last released its quarterly earnings results on Tuesday, February 25th. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.09). Krispy Kreme had a net margin of 1.64% and a return on equity of 0.53%. The firm had revenue of $404.00 million for the quarter, compared to the consensus estimate of $413.18 million. During the same period in the previous year, the business earned $0.09 earnings per share. The firm’s revenue for the quarter was down 10.4% on a year-over-year basis. Research analysts expect that Krispy Kreme will post 0.07 earnings per share for the current fiscal 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 paid a dividend of $0.035 per share. The ex-dividend date of this dividend is Wednesday, April 23rd. This represents a $0.14 annualized dividend and a yield of 2.55%. Krispy Kreme’s dividend payout ratio is currently 700.00%.

Hedge Funds Weigh In On Krispy Kreme

Hedge funds have recently bought and sold shares of the company. Spartan Fund Management Inc. grew its stake in Krispy Kreme by 150.0% during the fourth quarter. Spartan Fund Management Inc. now owns 5,000 shares of the company’s stock valued at $50,000 after acquiring an additional 3,000 shares in the last quarter. Point72 DIFC Ltd purchased a new position in Krispy Kreme during the third quarter valued at approximately $51,000. Central Pacific Bank Trust Division purchased a new position in Krispy Kreme during the fourth quarter valued at approximately $71,000. First Hawaiian Bank purchased a new position in Krispy Kreme during the fourth quarter valued at approximately $111,000. Finally, Ameriprise Financial Inc. purchased a new position in Krispy Kreme during the fourth quarter valued at approximately $128,000. Hedge funds and other institutional investors 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.