Krispy Kreme (NASDAQ:DNUT) Sets New 12-Month Low at $9.89

Krispy Kreme, Inc. (NASDAQ:DNUT)’s share price hit a new 52-week low on Tuesday . The stock traded as low as $9.89 and last traded at $9.97, with a volume of 856728 shares. The stock had previously closed at $10.21.

Analyst Ratings Changes

DNUT has been the subject of several recent analyst reports. Citigroup upped their target price on shares of Krispy Kreme from $14.00 to $19.00 and gave the stock a “neutral” rating in a report on Wednesday, March 27th. JPMorgan Chase & Co. started coverage on shares of Krispy Kreme in a report on Monday, June 3rd. They set an “overweight” rating and a $14.00 price objective for the company. Piper Sandler raised shares of Krispy Kreme from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $14.00 to $20.00 in a report on Friday, April 5th. Bank of America increased their price objective on shares of Krispy Kreme from $16.00 to $19.00 and gave the company a “buy” rating in a report on Monday, April 8th. Finally, Truist Financial raised shares of Krispy Kreme from a “hold” rating to a “buy” rating and increased their price objective for the company from $13.00 to $15.00 in a report on Monday, June 10th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, Krispy Kreme has an average rating of “Moderate Buy” and a consensus target price of $16.69.

Krispy Kreme Price Performance

The company has a current ratio of 0.36, a quick ratio of 0.27 and a debt-to-equity ratio of 0.71. The company has a market capitalization of $1.66 billion, a PE ratio of -37.81, a price-to-earnings-growth ratio of 2.00 and a beta of 1.41. The stock’s 50-day moving average is $11.68 and its two-hundred day moving average is $13.03.

Krispy Kreme (NASDAQ:DNUT) last posted its quarterly earnings data on Thursday, May 9th. The company reported $0.03 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.03. Krispy Kreme had a negative net margin of 2.70% and a positive return on equity of 1.40%. The company had revenue of $442.70 million for the quarter, compared to analyst estimates of $433.87 million. On average, equities analysts predict that Krispy Kreme, Inc. will post 0.16 EPS for the current year.

Krispy Kreme Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 7th. Investors of record on Wednesday, July 24th will be given a $0.035 dividend. This represents a $0.14 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date of this dividend is Wednesday, July 24th. Krispy Kreme’s dividend payout ratio (DPR) is currently -51.85%.

Institutional Trading of Krispy Kreme

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of Krispy Kreme by 25.7% during the third quarter. Vanguard Group Inc. now owns 8,423,196 shares of the company’s stock worth $105,037,000 after acquiring an additional 1,721,287 shares during the period. Hsbc Holdings PLC boosted its stake in shares of Krispy Kreme by 157.1% during the fourth quarter. Hsbc Holdings PLC now owns 6,978,000 shares of the company’s stock valued at $106,130,000 after purchasing an additional 4,263,574 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Krispy Kreme by 25.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,317,443 shares of the company’s stock valued at $34,971,000 after purchasing an additional 469,379 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of Krispy Kreme during the fourth quarter valued at approximately $272,000. Finally, Natixis Advisors L.P. boosted its stake in shares of Krispy Kreme by 4.9% during the fourth quarter. Natixis Advisors L.P. now owns 25,248 shares of the company’s stock valued at $380,000 after purchasing an additional 1,181 shares in the last quarter. 81.72% of the stock is owned by hedge funds and other institutional investors.

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.