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

Krispy Kreme, Inc. (NASDAQ:DNUT) has received an average rating of “Moderate Buy” from the ten research firms that are covering the stock, MarketBeat reports. Four investment analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $15.56.

A number of brokerages have commented on DNUT. JPMorgan Chase & Co. decreased their price objective 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 began coverage on shares of Krispy Kreme in a research note on Tuesday, November 5th. They issued an “equal weight” rating and a $14.00 price objective for the company. Finally, Bank of America raised their target price on shares of Krispy Kreme from $15.00 to $16.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd.

Krispy Kreme Trading Down 1.3 %

Shares of Krispy Kreme stock opened at $9.69 on Tuesday. Krispy Kreme has a 12-month low of $9.18 and a 12-month high of $17.84. 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 business’s 50 day moving average is $10.59 and its 200-day moving average is $10.82. The stock has a market cap of $1.65 billion, a P/E ratio of 57.00, a P/E/G ratio of 4.21 and a beta of 1.36.

Krispy Kreme Announces Dividend

The firm also recently disclosed 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 1.44%. The ex-dividend date of this dividend is Wednesday, January 22nd. Krispy Kreme’s dividend payout ratio is 82.35%.

Institutional Investors Weigh In On Krispy Kreme

Large investors have recently added to or reduced their stakes in the business. Stifel Financial Corp lifted its stake in Krispy Kreme by 2.5% in the third quarter. Stifel Financial Corp now owns 38,658 shares of the company’s stock valued at $415,000 after buying an additional 958 shares during the period. The Manufacturers Life Insurance Company lifted its position in shares of Krispy Kreme by 2.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 50,819 shares of the company’s stock valued at $547,000 after acquiring an additional 1,399 shares during the period. Blue Trust Inc. boosted its stake 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 acquiring an additional 1,779 shares in the last quarter. Franklin Resources Inc. increased its stake in Krispy Kreme by 30.7% in the third 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, Point72 Asset Management L.P. raised its holdings in shares of Krispy Kreme by 8.7% during the second quarter. Point72 Asset Management L.P. now owns 47,294 shares of the company’s stock valued at $509,000 after purchasing an additional 3,794 shares during the period. Institutional investors and hedge funds 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.