Krispy Kreme (NASDAQ:DNUT) Hits New 1-Year Low – Time to Sell?

Krispy Kreme, Inc. (NASDAQ:DNUT)’s share price reached a new 52-week low during mid-day trading on Friday . The stock traded as low as $5.16 and last traded at $5.19, with a volume of 820039 shares. The stock had previously closed at $5.49.

Analyst Upgrades and Downgrades

A number of research firms recently commented on DNUT. Piper Sandler dropped their price target on shares of Krispy Kreme from $18.00 to $12.00 and set an “overweight” rating for the company in a research note on Wednesday, February 26th. Truist Financial reissued a “buy” rating and issued a $12.00 price objective (down previously from $15.00) on shares of Krispy Kreme in a research note on Wednesday, February 26th. Finally, Morgan Stanley downgraded Krispy Kreme from an “equal weight” rating to an “underweight” rating and reduced their price target for the stock from $12.00 to $6.00 in a report on Wednesday, February 26th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $12.29.

Krispy Kreme Stock Down 9.6 %

The stock has a market cap of $845.54 million, a PE ratio of 29.21, a price-to-earnings-growth ratio of 3.24 and a beta of 1.40. The business has a fifty day moving average of $7.45 and a 200-day moving average of $9.61. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.35 and a quick ratio of 0.28.

Krispy Kreme (NASDAQ:DNUT) last issued its earnings results on Tuesday, February 25th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.09). The firm had revenue of $404.00 million during the quarter, compared to analysts’ expectations of $413.18 million. Krispy Kreme had a return on equity of 0.53% and a net margin of 1.64%. Krispy Kreme’s quarterly revenue was down 10.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.09 earnings per share. Equities research analysts anticipate that Krispy Kreme, Inc. will post 0.07 earnings per share for the current year.

Krispy Kreme Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 7th. Shareholders of record on Wednesday, April 23rd will be given a dividend of $0.035 per share. This represents a $0.14 dividend on an annualized basis and a yield of 2.82%. The ex-dividend date is Wednesday, April 23rd. Krispy Kreme’s dividend payout ratio (DPR) is 700.00%.

Institutional Investors Weigh In On Krispy Kreme

Hedge funds have recently modified their holdings of the business. Spartan Fund Management Inc. increased its holdings in Krispy Kreme by 150.0% during the fourth quarter. Spartan Fund Management Inc. now owns 5,000 shares of the company’s stock valued at $50,000 after buying an additional 3,000 shares during the period. Point72 DIFC Ltd bought a new stake in Krispy Kreme during the 3rd quarter valued at $51,000. Central Pacific Bank Trust Division purchased a new position in shares of Krispy Kreme in the 4th quarter valued at $71,000. First Hawaiian Bank bought a new position in shares of Krispy Kreme in the 4th quarter worth $111,000. Finally, Ameriprise Financial Inc. purchased a new stake in shares of Krispy Kreme during the 4th quarter worth $128,000. Hedge funds and other institutional investors 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.