Krispy Kreme (NASDAQ:DNUT) Hits New 52-Week Low – Time to Sell?

Shares of Krispy Kreme, Inc. (NASDAQ:DNUT) hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $7.16 and last traded at $7.04, with a volume of 356700 shares traded. The stock had previously closed at $9.13.

Analyst Upgrades and Downgrades

DNUT has been the topic of a number of analyst reports. Morgan Stanley lowered their price objective 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. JPMorgan Chase & Co. reduced their price objective on Krispy Kreme from $14.00 to $13.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 12th. Three analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $15.25.

Krispy Kreme Trading Down 23.6 %

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 company has a market capitalization of $1.19 billion, a PE ratio of 40.58, a price-to-earnings-growth ratio of 3.24 and a beta of 1.34. The stock’s 50 day moving average is $9.17 and its two-hundred day moving average is $10.43.

Krispy Kreme Announces Dividend

The firm also recently announced 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 is Wednesday, April 23rd. This represents a $0.14 annualized dividend and a yield of 2.01%. Krispy Kreme’s dividend payout ratio (DPR) is 82.35%.

Institutional Trading of Krispy Kreme

Several large investors have recently bought and sold shares of the stock. BNP Paribas Financial Markets acquired a new stake in shares of Krispy Kreme during the fourth quarter worth about $152,305,000. Bamco Inc. NY increased its stake in shares of Krispy Kreme by 24.7% in the fourth quarter. Bamco Inc. NY now owns 13,069,717 shares of the company’s stock worth $129,782,000 after acquiring an additional 2,588,398 shares during the period. Cooper Creek Partners Management LLC grew its holdings in Krispy Kreme by 43.0% during the fourth quarter. Cooper Creek Partners Management LLC now owns 7,264,760 shares of the company’s stock worth $72,139,000 after acquiring an additional 2,186,136 shares during the period. Banco Santander S.A. increased its holdings in shares of Krispy Kreme by 0.3% during the 3rd quarter. Banco Santander S.A. now owns 6,916,972 shares of the company’s stock valued at $74,288,000 after purchasing an additional 21,723 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in Krispy Kreme by 8.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,191,111 shares of the company’s stock worth $41,614,000 after buying an additional 333,764 shares in the last quarter. 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.