Krispy Kreme, Inc. (NASDAQ:DNUT) Receives $15.56 Average PT from Brokerages

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

A number of equities analysts have issued reports on DNUT shares. JPMorgan Chase & Co. cut their target price on shares of Krispy Kreme from $14.00 to $13.00 and set an “overweight” rating on the stock in a report on Tuesday, November 12th. Bank of America raised their price target on Krispy Kreme from $15.00 to $16.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Finally, Morgan Stanley initiated coverage on Krispy Kreme in a research note on Tuesday, November 5th. They set an “equal weight” rating and a $14.00 price objective for the company.

Hedge Funds Weigh In On Krispy Kreme

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Point72 DIFC Ltd acquired a new stake in shares of Krispy Kreme in the 3rd quarter worth approximately $51,000. Blue Trust Inc. raised its holdings in Krispy Kreme by 28.3% during the third quarter. Blue Trust Inc. now owns 8,064 shares of the company’s stock worth $87,000 after purchasing an additional 1,779 shares in the last quarter. nVerses Capital LLC acquired a new stake in Krispy Kreme in the third quarter worth approximately $124,000. Franklin Resources Inc. boosted its stake in Krispy Kreme by 30.7% during the 3rd quarter. Franklin Resources Inc. now owns 14,467 shares of the company’s stock valued at $158,000 after purchasing an additional 3,395 shares in the last quarter. Finally, American Century Companies Inc. acquired a new position in shares of Krispy Kreme during the 2nd quarter valued at $185,000. Institutional investors own 81.72% of the company’s stock.

Krispy Kreme Trading Down 2.0 %

Krispy Kreme stock opened at $9.73 on Tuesday. Krispy Kreme has a 1 year low of $9.18 and a 1 year high of $17.84. The firm’s 50-day moving average is $10.70 and its 200-day moving average is $10.86. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.28 and a current ratio of 0.35. The company has a market cap of $1.65 billion, a P/E ratio of 57.24, a PEG ratio of 4.21 and a beta of 1.34.

Krispy Kreme Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 5th. Investors of record on Wednesday, January 22nd will be issued a $0.035 dividend. This represents a $0.14 annualized dividend and a yield of 1.44%. The ex-dividend date is Wednesday, January 22nd. Krispy Kreme’s payout ratio is currently 82.35%.

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.