Krispy Kreme (NASDAQ:DNUT) Trading Up 4.7% – Should You Buy?

Krispy Kreme, Inc. (NASDAQ:DNUT) was up 4.7% during trading on Tuesday . The stock traded as high as $5.67 and last traded at $5.67. Approximately 2,089,473 shares changed hands during mid-day trading, a decline of 13% from the average daily volume of 2,408,707 shares. The stock had previously closed at $5.41.

Analyst Ratings Changes

Several research analysts have recently commented on DNUT shares. Piper Sandler decreased their price objective on Krispy Kreme from $18.00 to $12.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 26th. Morgan Stanley downgraded Krispy Kreme from an “equal weight” rating to an “underweight” rating and decreased their price objective for the stock from $12.00 to $6.00 in a research note on Wednesday, February 26th. Finally, Truist Financial reaffirmed a “buy” rating and issued a $12.00 price objective (down previously from $15.00) on shares of Krispy Kreme in a research note on Wednesday, February 26th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $13.13.

Krispy Kreme Trading Up 0.7 %

The stock has a market cap of $960.49 million, a PE ratio of 33.18, a PEG ratio of 3.24 and a beta of 1.40. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.28 and a current ratio of 0.35. The stock has a fifty day moving average price of $7.87 and a 200 day moving average price of $9.85.

Krispy Kreme (NASDAQ:DNUT) last issued its quarterly earnings results on Tuesday, February 25th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.09). Krispy Kreme had a return on equity of 0.53% and a net margin of 1.64%. The business had revenue of $404.00 million for the quarter, compared to the consensus estimate of $413.18 million. During the same period in the prior year, the business posted $0.09 earnings per share. Krispy Kreme’s revenue was down 10.4% on a year-over-year basis. Equities analysts expect that Krispy Kreme, Inc. will post 0.07 EPS for the current year.

Krispy Kreme Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 7th. Shareholders of record on Wednesday, April 23rd will be given a dividend of $0.035 per share. This represents a $0.14 dividend on an annualized basis and a yield of 2.48%. The ex-dividend date is Wednesday, April 23rd. Krispy Kreme’s dividend payout ratio (DPR) is presently 700.00%.

Institutional Investors Weigh In On Krispy Kreme

A number of institutional investors and hedge funds have recently bought and sold shares of DNUT. BNP Paribas Financial Markets bought a new position in shares of Krispy Kreme in the 4th quarter worth $152,305,000. Bamco Inc. NY raised its position in shares of Krispy Kreme by 24.7% in the 4th 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 in the last quarter. Cooper Creek Partners Management LLC raised its position in shares of Krispy Kreme by 43.0% in the 4th 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 in the last quarter. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in Krispy Kreme during the 4th quarter worth $10,591,000. Finally, Paloma Partners Management Co grew its stake in Krispy Kreme by 6,993.4% during the 3rd quarter. Paloma Partners Management Co now owns 872,068 shares of the company’s stock worth $9,366,000 after buying an additional 859,774 shares during the last quarter. 81.72% of the stock is owned by institutional investors.

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.