Krispy Kreme (NASDAQ:DNUT) Sets New 52-Week Low – Should You Sell?

Krispy Kreme, Inc. (NASDAQ:DNUT) hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $9.02 and last traded at $9.06, with a volume of 110942 shares trading hands. The stock had previously closed at $9.26.

Wall Street Analyst Weigh In

Several analysts recently issued reports on DNUT shares. JPMorgan Chase & Co. dropped their price objective on shares of Krispy Kreme from $14.00 to $13.00 and set an “overweight” rating for the company in a research note on Tuesday, November 12th. Morgan Stanley started coverage on shares of Krispy Kreme in a research note on Tuesday, November 5th. They issued an “equal weight” rating and a $14.00 price target for the company. Finally, Bank of America increased their price target on shares of Krispy Kreme from $15.00 to $16.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Four analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $15.56.

Krispy Kreme Price Performance

The company has a market cap of $1.53 billion, a price-to-earnings ratio of 53.06, a PEG ratio of 4.15 and a beta of 1.34. The company has a current ratio of 0.35, a quick ratio of 0.28 and a debt-to-equity ratio of 0.67. The company’s 50 day moving average price is $10.43 and its 200 day moving average price is $10.77.

Krispy Kreme Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 5th. Investors of record on Wednesday, January 22nd will be paid a $0.035 dividend. This represents a $0.14 annualized dividend and a dividend yield of 1.55%. The ex-dividend date is Wednesday, January 22nd. Krispy Kreme’s dividend payout ratio (DPR) is 82.35%.

Hedge Funds Weigh In On Krispy Kreme

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DNUT. Point72 DIFC Ltd acquired a new position in Krispy Kreme during the third quarter worth about $51,000. Central Pacific Bank Trust Division purchased a new stake in shares of Krispy Kreme during the fourth quarter worth about $71,000. Blue Trust Inc. grew its holdings in shares of Krispy Kreme by 28.3% during the third quarter. Blue Trust Inc. now owns 8,064 shares of the company’s stock worth $87,000 after buying an additional 1,779 shares in the last quarter. First Hawaiian Bank purchased a new stake in shares of Krispy Kreme during the fourth quarter worth about $111,000. Finally, nVerses Capital LLC purchased a new stake in shares of Krispy Kreme during the third quarter worth about $124,000. Institutional investors and hedge funds own 81.72% of the company’s stock.

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.