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

Krispy Kreme, Inc. (NASDAQ:DNUT) has received a consensus recommendation of “Moderate Buy” from the nine analysts that are presently covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $15.88.

DNUT has been the topic of a number of analyst reports. Evercore ISI reaffirmed an “in-line” rating and issued a $13.00 price target on shares of Krispy Kreme in a research report on Tuesday, August 27th. Hsbc Global Res upgraded Krispy Kreme from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 23rd. Bank of America boosted their price target on shares of Krispy Kreme from $15.00 to $16.00 and gave the stock a “buy” rating in a research note on Tuesday. Finally, HSBC upgraded Krispy Kreme from a “hold” rating to a “buy” rating and set a $14.00 price objective for the company in a research report on Tuesday, July 23rd.

Hedge Funds Weigh In On Krispy Kreme

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DNUT. Bamco Inc. NY lifted its stake in Krispy Kreme by 2.6% during the first quarter. Bamco Inc. NY now owns 9,734,467 shares of the company’s stock valued at $148,305,000 after buying an additional 246,600 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Krispy Kreme by 0.8% during the first quarter. Vanguard Group Inc. now owns 8,548,548 shares of the company’s stock valued at $130,237,000 after buying an additional 67,130 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Krispy Kreme by 38.1% during the second quarter. Dimensional Fund Advisors LP now owns 3,779,882 shares of the company’s stock valued at $40,670,000 after buying an additional 1,042,345 shares in the last quarter. Millennium Management LLC raised its position in Krispy Kreme by 136.7% during the second quarter. Millennium Management LLC now owns 3,500,855 shares of the company’s stock valued at $37,669,000 after buying an additional 2,021,974 shares during the period. Finally, Samlyn Capital LLC lifted its stake in Krispy Kreme by 120.5% in the 2nd quarter. Samlyn Capital LLC now owns 2,230,176 shares of the company’s stock worth $23,997,000 after acquiring an additional 1,218,699 shares in the last quarter. 81.72% of the stock is owned by institutional investors.

Krispy Kreme Price Performance

DNUT stock opened at $11.43 on Thursday. Krispy Kreme has a 52-week low of $9.18 and a 52-week high of $17.84. The business has a fifty day moving average of $11.22 and a two-hundred day moving average of $11.44. The stock has a market cap of $1.93 billion, a price-to-earnings ratio of -42.33, a price-to-earnings-growth ratio of 3.15 and a beta of 1.41. The company has a quick ratio of 0.26, a current ratio of 0.34 and a debt-to-equity ratio of 0.73.

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

Krispy Kreme Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 6th. Investors of record on Wednesday, October 23rd will be given a dividend of $0.035 per share. This represents a $0.14 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date is Wednesday, October 23rd. Krispy Kreme’s dividend payout ratio is presently -51.85%.

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.