Krispy Kreme, Inc. (DNUT) To Go Ex-Dividend on January 22nd

Krispy Kreme, Inc. (NASDAQ:DNUT) announced a quarterly dividend on Tuesday, December 17th,Wall Street Journal reports. Shareholders of record on Wednesday, January 22nd will be given a dividend of 0.035 per share on Wednesday, February 5th. This represents a $0.14 annualized dividend and a yield of 1.44%. The ex-dividend date is Wednesday, January 22nd.

Krispy Kreme has a dividend payout ratio of 45.2% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Krispy Kreme to earn $0.16 per share next year, which means the company should continue to be able to cover its $0.14 annual dividend with an expected future payout ratio of 87.5%.

Krispy Kreme Stock Performance

Krispy Kreme stock opened at $9.69 on Thursday. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.35 and a quick ratio of 0.28. The company has a market cap of $1.65 billion, a P/E ratio of 57.00, a price-to-earnings-growth ratio of 4.21 and a beta of 1.34. Krispy Kreme has a fifty-two week low of $9.18 and a fifty-two week high of $17.84. The firm’s 50 day simple moving average is $11.03 and its 200-day simple moving average is $10.96.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on DNUT. Morgan Stanley began coverage on 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. JPMorgan Chase & Co. lowered their price target on shares of Krispy Kreme from $14.00 to $13.00 and set an “overweight” rating on the stock in a report on Tuesday, November 12th. Bank of America lifted their price objective on Krispy Kreme from $15.00 to $16.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Finally, Evercore ISI reaffirmed an “in-line” rating and issued a $13.00 target price on shares of Krispy Kreme in a research report on Tuesday, August 27th. Four investment 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 company. According to MarketBeat.com, Krispy Kreme presently has a consensus rating of “Moderate Buy” and an average price target of $15.56.

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.