Krispy Kreme (DNUT) to Release Quarterly Earnings on Tuesday

Krispy Kreme (NASDAQ:DNUT) is anticipated to issue its quarterly earnings data before the market opens on Tuesday, February 11th. Analysts expect the company to announce earnings of $0.10 per share for the quarter.

Krispy Kreme Stock Down 2.2 %

Shares of NASDAQ:DNUT opened at $8.87 on Tuesday. The stock’s 50-day moving average is $9.66 and its 200 day moving average is $10.60. The company has a market cap of $1.51 billion, a PE ratio of 52.18, a P/E/G ratio of 3.17 and a beta of 1.34. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.35 and a quick ratio of 0.28. Krispy Kreme has a 1 year low of $8.44 and a 1 year high of $17.84.

Krispy Kreme Dividend Announcement

The firm 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 dividend of $0.035 per share. The ex-dividend date is Wednesday, January 22nd. This represents a $0.14 annualized dividend and a dividend yield of 1.58%. Krispy Kreme’s dividend payout ratio (DPR) is presently 82.35%.

Analysts Set New Price Targets

DNUT has been the subject of several research reports. JPMorgan Chase & Co. dropped their target price on shares of Krispy Kreme from $14.00 to $13.00 and set an “overweight” rating for the company in a research report on Tuesday, November 12th. Morgan Stanley cut 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. Finally, Bank of America increased their target price on Krispy Kreme from $15.00 to $16.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Three research 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 stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $15.25.

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.