Brokerages Set Krispy Kreme, Inc. (NASDAQ:DNUT) Price Target at $15.61

Shares of Krispy Kreme, Inc. (NASDAQ:DNUTGet Free Report) have earned a consensus rating of “Hold” from the nine ratings firms that are covering the firm, reports. Seven research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $15.61.

DNUT has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. downgraded Krispy Kreme from an “overweight” rating to a “neutral” rating and set a $13.00 price objective on the stock. in a report on Monday, November 20th. Truist Financial cut Krispy Kreme from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $20.00 to $13.00 in a research note on Monday, October 30th. Finally, Capital One Financial began coverage on Krispy Kreme in a report on Monday, January 22nd. They issued an “equal weight” rating and a $16.00 price objective for the company.

View Our Latest Analysis on Krispy Kreme

Krispy Kreme Stock Performance

Shares of Krispy Kreme stock opened at $13.83 on Friday. The company has a quick ratio of 0.24, a current ratio of 0.30 and a debt-to-equity ratio of 0.66. The firm has a market cap of $2.33 billion, a PE ratio of -53.19, a price-to-earnings-growth ratio of 2.41 and a beta of 1.48. Krispy Kreme has a 52 week low of $11.52 and a 52 week high of $16.22. The business’s fifty day simple moving average is $14.00 and its 200-day simple moving average is $13.43.

Krispy Kreme Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 8th. Shareholders of record on Wednesday, April 24th will be issued a dividend of $0.035 per share. This represents a $0.14 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date is Tuesday, April 23rd. Krispy Kreme’s dividend payout ratio (DPR) is -53.85%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Hsbc Holdings PLC grew its holdings in Krispy Kreme by 157.1% during the 4th quarter. Hsbc Holdings PLC now owns 6,978,000 shares of the company’s stock worth $106,130,000 after acquiring an additional 4,263,574 shares during the period. Banco Santander S.A. boosted its position in shares of Krispy Kreme by 158.4% during the 2nd quarter. Banco Santander S.A. now owns 6,798,212 shares of the company’s stock worth $100,138,000 after acquiring an additional 4,167,588 shares in the last quarter. Bamco Inc. NY raised its stake in shares of Krispy Kreme by 59.5% during the third quarter. Bamco Inc. NY now owns 9,221,657 shares of the company’s stock valued at $114,994,000 after acquiring an additional 3,439,948 shares during the last quarter. BlackRock Inc. raised its stake in Krispy Kreme by 177.4% during the first quarter. BlackRock Inc. now owns 4,543,907 shares of the company’s stock worth $67,477,000 after buying an additional 2,905,778 shares during the last quarter. Finally, Vanguard Group Inc. grew its holdings in Krispy Kreme by 91.7% in the first quarter. Vanguard Group Inc. now owns 5,674,509 shares of the company’s stock worth $84,267,000 after purchasing an additional 2,714,348 shares during the period. Institutional investors and hedge funds own 78.07% of the company’s stock.

About Krispy Kreme

(Get Free Report

Krispy Kreme, Inc, together with its subsidiaries, produces doughnuts in the United States, the United Kingdom, Australia, New Zealand, Mexico, and internationally. The company operates through three segments: U.S. and Canada, 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, and ecommerce, as well as through its branded sweet treat line comprising Krispy Kreme branded sweet treats.

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Analyst Recommendations for Krispy Kreme (NASDAQ:DNUT)

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