Krispy Kreme, Inc. (NASDAQ:DNUT) Receives $15.25 Consensus Target Price from Analysts

Krispy Kreme, Inc. (NASDAQ:DNUT) has received an average rating of “Moderate Buy” from the nine research firms that are presently covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $15.25.

Several analysts have commented on DNUT shares. Bank of America lifted their price objective 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. JPMorgan Chase & Co. cut their price target on shares of Krispy Kreme from $14.00 to $13.00 and set an “overweight” rating for the company in a report on Tuesday, November 12th. Finally, Morgan Stanley dropped their target price on shares of Krispy Kreme from $14.00 to $12.00 and set an “equal weight” rating for the company in a report on Tuesday, January 21st.

Hedge Funds Weigh In On Krispy Kreme

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

Krispy Kreme Stock Performance

Shares of NASDAQ DNUT opened at $9.16 on Friday. The company has a current ratio of 0.35, a quick ratio of 0.28 and a debt-to-equity ratio of 0.67. Krispy Kreme has a 12 month low of $8.44 and a 12 month high of $17.84. The company has a 50 day simple moving average of $9.78 and a two-hundred day simple moving average of $10.65. The stock has a market cap of $1.56 billion, a price-to-earnings ratio of 53.88, a PEG ratio of 3.04 and a beta of 1.36.

Krispy Kreme Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 5th. Investors of record on Wednesday, January 22nd will be paid a dividend of $0.035 per share. The ex-dividend date is Wednesday, January 22nd. This represents a $0.14 dividend on an annualized basis and a dividend yield of 1.53%. Krispy Kreme’s payout ratio is 82.35%.

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.