Krispy Kreme, Inc. (NASDAQ:DNUT) Receives $15.25 Average PT from Brokerages

Shares of Krispy Kreme, Inc. (NASDAQ:DNUT) have earned a consensus rating of “Moderate Buy” from the nine analysts that are presently covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $15.25.

Several equities analysts recently issued reports on the company. JPMorgan Chase & Co. reduced their price target on Krispy Kreme from $14.00 to $13.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 12th. Morgan Stanley reduced their price target on Krispy Kreme from $14.00 to $12.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 21st. Finally, 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 research report on Tuesday, October 22nd.

Krispy Kreme Stock Up 4.9 %

DNUT opened at $9.38 on Friday. The company has a market cap of $1.59 billion, a P/E ratio of 55.18, a P/E/G ratio of 3.04 and a beta of 1.36. Krispy Kreme has a 12 month low of $8.44 and a 12 month high of $17.84. The business’s 50-day moving average price is $9.85 and its 200-day moving average price is $10.67. The company has a current ratio of 0.35, a quick ratio of 0.28 and a debt-to-equity ratio of 0.67.

Krispy Kreme Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 5th. Stockholders of record on Wednesday, January 22nd will be paid a $0.035 dividend. This represents a $0.14 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date of this dividend is Wednesday, January 22nd. Krispy Kreme’s payout ratio is presently 82.35%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in DNUT. Point72 DIFC Ltd purchased a new position in shares of Krispy Kreme in the 3rd quarter valued at approximately $51,000. Central Pacific Bank Trust Division purchased a new position in shares of Krispy Kreme in the 4th quarter valued at approximately $71,000. Blue Trust Inc. lifted its stake in shares of Krispy Kreme by 28.3% in the 3rd quarter. Blue Trust Inc. now owns 8,064 shares of the company’s stock valued at $87,000 after purchasing an additional 1,779 shares during the period. First Hawaiian Bank purchased a new position in shares of Krispy Kreme in the 4th quarter valued at approximately $111,000. Finally, nVerses Capital LLC purchased a new position in Krispy Kreme during the third quarter valued at $124,000. 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.