Krispy Kreme, Inc. (NASDAQ:DNUT) Declares Quarterly Dividend of $0.04

Krispy Kreme, Inc. (NASDAQ:DNUT) declared a quarterly dividend on Friday, September 13th, Zacks reports. Shareholders of record on Wednesday, October 23rd will be given a dividend of 0.035 per share on Wednesday, November 6th. This represents a $0.14 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date is Wednesday, October 23rd.

Krispy Kreme has a dividend payout ratio of 41.2% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Krispy Kreme to earn $0.21 per share next year, which means the company should continue to be able to cover its $0.14 annual dividend with an expected future payout ratio of 66.7%.

Krispy Kreme Stock Performance

DNUT opened at $11.59 on Monday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.26 and a current ratio of 0.34. 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 $1.96 billion, a P/E ratio of -42.93, a price-to-earnings-growth ratio of 3.15 and a beta of 1.41. The business’s fifty day moving average is $11.17 and its 200-day moving average is $11.49.

Krispy Kreme (NASDAQ:DNUT) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.05 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.05. The firm had revenue of $438.80 million for the quarter, compared to the consensus estimate of $435.43 million. Krispy Kreme had a negative net margin of 2.98% and a positive return on equity of 1.12%. The business’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.04 earnings per share. Sell-side analysts expect that Krispy Kreme will post 0.13 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

DNUT has been the subject of a number of research analyst reports. Evercore ISI reissued an “in-line” rating and set a $13.00 price target on shares of Krispy Kreme in a report on Tuesday, August 27th. Bank of America reduced their price objective on Krispy Kreme from $19.00 to $16.00 and set a “buy” rating on the stock in a research report on Wednesday, July 17th. HSBC raised Krispy Kreme from a “hold” rating to a “buy” rating and set a $14.00 price objective for the company in a research note on Tuesday, July 23rd. Finally, Hsbc Global Res raised shares of Krispy Kreme from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 23rd. Three research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $15.88.

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.