Krispy Kreme, Inc. (NASDAQ:DNUT) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Krispy Kreme, Inc. (NASDAQ:DNUT) have been assigned a consensus rating of “Moderate Buy” from the nine research firms that are covering the firm, MarketBeat.com reports. Three 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 12-month target price among brokers that have covered the stock in the last year is $15.88.

DNUT has been the subject of a number of recent analyst reports. Hsbc Global Res raised shares of Krispy Kreme from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 23rd. Evercore ISI restated an “in-line” rating and set a $13.00 target price on shares of Krispy Kreme in a research note on Tuesday, August 27th. Truist Financial upgraded Krispy Kreme from a “hold” rating to a “buy” rating and lifted their price target for the company from $13.00 to $15.00 in a research note on Monday, June 10th. Bank of America dropped their price objective on Krispy Kreme from $19.00 to $16.00 and set a “buy” rating for the company in a research report on Wednesday, July 17th. Finally, HSBC upgraded Krispy Kreme from a “hold” rating to a “buy” rating and set a $14.00 target price on the stock in a research report on Tuesday, July 23rd.

Krispy Kreme Trading Down 1.7 %

Shares of DNUT stock opened at $10.92 on Friday. The stock has a market cap of $1.84 billion, a P/E ratio of -40.44, a price-to-earnings-growth ratio of 3.54 and a beta of 1.41. Krispy Kreme has a 1 year low of $9.18 and a 1 year high of $17.84. The company has a current ratio of 0.34, a quick ratio of 0.26 and a debt-to-equity ratio of 0.73. The stock has a 50 day simple moving average of $11.00 and a 200 day simple moving average of $11.77.

Krispy Kreme (NASDAQ:DNUT) last released its earnings results on Thursday, August 8th. The company reported $0.05 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.05. The company had revenue of $438.80 million for the quarter, compared to analyst estimates of $435.43 million. Krispy Kreme had a positive return on equity of 1.12% and a negative net margin of 2.98%. Krispy Kreme’s quarterly revenue was up 7.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.04 EPS. On average, research analysts predict that Krispy Kreme will post 0.13 earnings per share for the current fiscal year.

Krispy Kreme Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 6th. Stockholders of record on Wednesday, October 23rd will be paid a dividend of $0.035 per share. This represents a $0.14 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date is Wednesday, October 23rd. Krispy Kreme’s payout ratio is -51.85%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. SG Americas Securities LLC grew its holdings in Krispy Kreme by 1,058.1% during the 1st quarter. SG Americas Securities LLC now owns 209,100 shares of the company’s stock worth $3,186,000 after acquiring an additional 191,044 shares during the last quarter. Hsbc Holdings PLC grew its stake in shares of Krispy Kreme by 157.1% in the fourth quarter. Hsbc Holdings PLC now owns 6,978,000 shares of the company’s stock worth $106,130,000 after purchasing an additional 4,263,574 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Krispy Kreme by 25.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,317,443 shares of the company’s stock worth $34,971,000 after purchasing an additional 469,379 shares during the last quarter. Capstone Investment Advisors LLC increased its holdings in Krispy Kreme by 226.1% in the first quarter. Capstone Investment Advisors LLC now owns 172,339 shares of the company’s stock valued at $2,626,000 after purchasing an additional 119,486 shares during the period. Finally, Samlyn Capital LLC raised its position in Krispy Kreme by 120.5% during the 2nd quarter. Samlyn Capital LLC now owns 2,230,176 shares of the company’s stock worth $23,997,000 after purchasing an additional 1,218,699 shares during the last quarter. 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.