Krispy Kreme (NASDAQ:DNUT) Issues Earnings Results

Krispy Kreme (NASDAQ:DNUT) released its quarterly earnings data on Tuesday. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.09), Briefing.com reports. The business had revenue of $404.00 million during the quarter, compared to analyst estimates of $413.18 million. Krispy Kreme had a net margin of 1.64% and a return on equity of 0.53%. The firm’s revenue for the quarter was down 10.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.09 EPS. Krispy Kreme updated its FY 2025 guidance to 0.040-0.080 EPS and its FY25 guidance to $0.04-0.08 EPS.

Krispy Kreme Stock Performance

Krispy Kreme stock traded down $0.87 during mid-day trading on Wednesday, hitting $6.26. 8,366,666 shares of the company’s stock traded hands, compared to its average volume of 2,208,611. The stock has a market cap of $1.06 billion, a price-to-earnings ratio of 37.07, a P/E/G ratio of 3.24 and a beta of 1.34. 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 firm has a 50 day simple moving average of $9.11 and a two-hundred day simple moving average of $10.40. Krispy Kreme has a fifty-two week low of $6.26 and a fifty-two week high of $17.84.

Krispy Kreme Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 7th. Stockholders 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 dividend yield of 2.24%. Krispy Kreme’s dividend payout ratio is currently 82.35%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Piper Sandler decreased their target price on Krispy Kreme from $18.00 to $12.00 and set an “overweight” rating on the stock in a research report on Wednesday. JPMorgan Chase & Co. decreased their target price on Krispy Kreme from $14.00 to $13.00 and set an “overweight” rating on the stock in a report on Tuesday, November 12th. Morgan Stanley cut Krispy Kreme from an “equal weight” rating to an “underweight” rating and dropped their price objective for the stock from $12.00 to $6.00 in a report on Wednesday. Finally, Truist Financial reiterated a “buy” rating and set a $12.00 target price (down previously from $15.00) on shares of Krispy Kreme in a research report on Wednesday. One analyst has rated the stock with a sell rating, two have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $13.13.

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.