Krispy Kreme (DNUT) to Release Quarterly Earnings on Tuesday

Krispy Kreme (NASDAQ:DNUT) is expected to post its quarterly earnings results before the market opens on Tuesday, February 11th. Analysts expect Krispy Kreme to post earnings of $0.10 per share for the quarter.

Krispy Kreme Price Performance

Shares of NASDAQ:DNUT opened at $8.87 on Tuesday. The firm has a market cap of $1.51 billion, a price-to-earnings ratio of 52.18, a P/E/G ratio of 3.17 and a beta of 1.34. The firm has a fifty day moving average price of $9.66 and a 200 day moving average price of $10.60. Krispy Kreme has a fifty-two week low of $8.44 and a fifty-two week high of $17.84. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.28 and a current ratio of 0.35.

Krispy Kreme Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 5th. Stockholders of record on Wednesday, January 22nd will be given a dividend of $0.035 per share. The ex-dividend date of this dividend is Wednesday, January 22nd. This represents a $0.14 dividend on an annualized basis and a dividend yield of 1.58%. Krispy Kreme’s payout ratio is 82.35%.

Analyst Upgrades and Downgrades

DNUT has been the subject of a number of recent research reports. Bank of America lifted their target price on Krispy Kreme from $15.00 to $16.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. JPMorgan Chase & Co. cut their price objective on shares of Krispy Kreme from $14.00 to $13.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 12th. Finally, Morgan Stanley lowered 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. Three research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Krispy Kreme currently has an average rating of “Moderate Buy” and an average price target of $15.25.

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.