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

Krispy Kreme, Inc. (NASDAQ:DNUT) has earned an average rating of “Moderate Buy” from the nine analysts that are covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $15.25.

Several brokerages have recently issued reports on DNUT. JPMorgan Chase & Co. reduced their price target on Krispy Kreme from $14.00 to $13.00 and set an “overweight” rating for the company in a report on Tuesday, November 12th. Morgan Stanley cut their price objective on shares of Krispy Kreme from $14.00 to $12.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 21st.

Krispy Kreme Trading Down 1.3 %

NASDAQ DNUT opened at $9.15 on Wednesday. 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 1-year low of $8.34 and a 1-year high of $17.84. The firm’s fifty day simple moving average is $9.18 and its 200-day simple moving average is $10.44. The company has a market capitalization of $1.56 billion, a PE ratio of 53.82, a price-to-earnings-growth ratio of 3.24 and a beta of 1.34.

Krispy Kreme Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 7th. Shareholders of record on Wednesday, April 23rd will be given a $0.035 dividend. The ex-dividend date of this dividend is Wednesday, April 23rd. This represents a $0.14 annualized dividend and a yield of 1.53%. Krispy Kreme’s dividend payout ratio is 82.35%.

Hedge Funds Weigh In On Krispy Kreme

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in Krispy Kreme in the 4th quarter valued at $10,591,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Krispy Kreme by 13.1% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 166,373 shares of the company’s stock valued at $1,652,000 after acquiring an additional 19,295 shares in the last quarter. Point72 Asset Management L.P. increased its stake in Krispy Kreme by 339.1% in the fourth quarter. Point72 Asset Management L.P. now owns 168,820 shares of the company’s stock valued at $1,676,000 after acquiring an additional 130,374 shares during the period. ProShare Advisors LLC raised its position in Krispy Kreme by 49.0% in the fourth quarter. ProShare Advisors LLC now owns 24,094 shares of the company’s stock worth $239,000 after purchasing an additional 7,927 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Krispy Kreme by 3.6% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 48,683 shares of the company’s stock worth $483,000 after purchasing an additional 1,707 shares during the period. 81.72% of the stock is currently owned by institutional investors.

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.