Krispy Kreme, Inc. (NASDAQ:DNUT) Receives $11.57 Consensus Target Price from Analysts

Krispy Kreme, Inc. (NASDAQ:DNUT) has been given a consensus rating of “Moderate Buy” by the nine ratings firms that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, four have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $10.58.

Several brokerages have recently weighed in on DNUT. Citigroup lowered their price target on shares of Krispy Kreme from $4.75 to $3.60 and set a “neutral” rating on the stock in a research report on Friday. Truist Financial lowered shares of Krispy Kreme from a “buy” rating to a “hold” rating in a report on Thursday. Morgan Stanley lowered shares of Krispy Kreme from an “equal weight” rating to an “underweight” rating and reduced their price target for the company from $12.00 to $6.00 in a research report on Wednesday, February 26th. Finally, Piper Sandler lowered their price objective on Krispy Kreme from $18.00 to $12.00 and set an “overweight” rating for the company in a research report on Wednesday, February 26th.

Krispy Kreme Stock Down 16.3 %

DNUT stock opened at $2.73 on Monday. The company has a market cap of $465.90 million, a price-to-earnings ratio of 16.06, a PEG ratio of 3.24 and a beta of 1.49. The firm has a 50-day moving average of $4.72 and a two-hundred day moving average of $8.02. Krispy Kreme has a 12 month low of $2.58 and a 12 month high of $13.25. 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 (NASDAQ:DNUT) last announced its quarterly earnings data on Thursday, May 8th. The company reported ($0.05) EPS for the quarter, hitting analysts’ consensus estimates of ($0.05). The firm had revenue of $375.18 million for the quarter, compared to the consensus estimate of $383.97 million. Krispy Kreme had a return on equity of 0.53% and a net margin of 1.64%. The firm’s revenue was down 15.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.07 earnings per share. As a group, analysts forecast that Krispy Kreme will post 0.07 earnings per share for the current fiscal year.

Krispy Kreme Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 7th. Shareholders of record on Wednesday, April 23rd were given a $0.035 dividend. This represents a $0.14 dividend on an annualized basis and a yield of 5.13%. The ex-dividend date was Wednesday, April 23rd. Krispy Kreme’s payout ratio is 700.00%.

Insiders Place Their Bets

In other Krispy Kreme news, major shareholder Indulgence B.V. Jab sold 694,445 shares of the stock in a transaction that occurred on Wednesday, April 23rd. The shares were sold at an average price of $4.32, for a total transaction of $3,000,002.40. Following the sale, the insider now directly owns 74,190,990 shares in the company, valued at $320,505,076.80. This represents a 0.93 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 5.30% of the stock is owned by insiders.

Hedge Funds Weigh In On Krispy Kreme

Several institutional investors have recently modified their holdings of the business. BNP Paribas Financial Markets purchased a new position in Krispy Kreme in the fourth quarter valued at $152,305,000. Bamco Inc. NY raised its position in Krispy Kreme by 24.7% in the 4th quarter. Bamco Inc. NY now owns 13,069,717 shares of the company’s stock valued at $129,782,000 after purchasing an additional 2,588,398 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Krispy Kreme by 2.7% in the 1st quarter. Vanguard Group Inc. now owns 8,867,100 shares of the company’s stock valued at $43,626,000 after buying an additional 233,234 shares during the period. Cooper Creek Partners Management LLC grew its position in shares of Krispy Kreme by 43.0% during the fourth quarter. Cooper Creek Partners Management LLC now owns 7,264,760 shares of the company’s stock worth $72,139,000 after buying an additional 2,186,136 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of Krispy Kreme by 8.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,191,111 shares of the company’s stock worth $41,614,000 after buying an additional 333,764 shares during the period. Institutional investors and hedge funds own 81.72% of the company’s stock.

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.