Krispy Kreme, Inc. (NASDAQ:DNUT) Receives $15.56 Average Price Target from Analysts

Shares of Krispy Kreme, Inc. (NASDAQ:DNUT) have earned an average rating of “Moderate Buy” from the ten ratings firms that are currently covering the firm, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $15.56.

A number of equities research analysts have commented on the stock. JPMorgan Chase & Co. decreased their price objective on shares of Krispy Kreme from $14.00 to $13.00 and set an “overweight” rating on the stock in a report on Tuesday, November 12th. Bank of America upped their price target on Krispy Kreme from $15.00 to $16.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Finally, Morgan Stanley assumed coverage on Krispy Kreme in a research report on Tuesday, November 5th. They issued an “equal weight” rating and a $14.00 price objective for the company.

Krispy Kreme Price Performance

Krispy Kreme stock opened at $9.82 on Tuesday. Krispy Kreme has a 52 week low of $9.18 and a 52 week high of $17.84. The firm has a market cap of $1.67 billion, a P/E ratio of 57.76, a P/E/G ratio of 4.21 and a beta of 1.34. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.28 and a current ratio of 0.35. The business’s fifty day moving average is $10.63 and its two-hundred day moving average is $10.83.

Krispy Kreme Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 5th. Shareholders of record on Wednesday, January 22nd will be issued a $0.035 dividend. The ex-dividend date of this dividend is Wednesday, January 22nd. This represents a $0.14 annualized dividend and a yield of 1.43%. Krispy Kreme’s dividend payout ratio (DPR) is presently 82.35%.

Hedge Funds Weigh In On Krispy Kreme

Institutional investors and hedge funds have recently made changes to their positions in the company. Millennium Management LLC lifted its holdings in Krispy Kreme by 136.7% during the second quarter. Millennium Management LLC now owns 3,500,855 shares of the company’s stock worth $37,669,000 after acquiring an additional 2,021,974 shares in the last quarter. Marshall Wace LLP bought a new position in shares of Krispy Kreme during the 2nd quarter valued at about $18,765,000. Samlyn Capital LLC lifted its holdings in shares of Krispy Kreme by 120.5% during the 2nd quarter. Samlyn Capital LLC now owns 2,230,176 shares of the company’s stock valued at $23,997,000 after purchasing an additional 1,218,699 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Krispy Kreme by 38.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,779,882 shares of the company’s stock valued at $40,670,000 after purchasing an additional 1,042,345 shares during the period. Finally, Paloma Partners Management Co increased its stake in Krispy Kreme by 6,993.4% during the 3rd quarter. Paloma Partners Management Co now owns 872,068 shares of the company’s stock worth $9,366,000 after purchasing an additional 859,774 shares in the last quarter. Institutional investors and hedge funds own 81.72% of the company’s stock.

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.