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

Shares of Krispy Kreme, Inc. (NASDAQ:DNUT) have been assigned a consensus recommendation of “Moderate Buy” from the ten analysts that are covering the company, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation, five have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $15.56.

A number of analysts have issued reports on the stock. Evercore ISI reiterated an “in-line” rating and issued a $13.00 price target on shares of Krispy Kreme in a report on Tuesday, August 27th. JPMorgan Chase & Co. decreased their target price on Krispy Kreme from $14.00 to $13.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 12th. Morgan Stanley began coverage on Krispy Kreme in a report on Tuesday, November 5th. They set an “equal weight” rating and a $14.00 price target for the company. Finally, Bank of America upped their price objective on Krispy Kreme from $15.00 to $16.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd.

Institutional Trading of Krispy Kreme

Institutional investors have recently added to or reduced their stakes in the company. Bamco Inc. NY lifted its holdings in Krispy Kreme by 4.2% during the 3rd quarter. Bamco Inc. NY now owns 10,481,319 shares of the company’s stock valued at $112,569,000 after buying an additional 425,630 shares in the last quarter. Banco Santander S.A. raised its holdings in shares of Krispy Kreme by 0.3% in the third quarter. Banco Santander S.A. now owns 6,916,972 shares of the company’s stock valued at $74,288,000 after acquiring an additional 21,723 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Krispy Kreme by 38.1% during 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. Millennium Management LLC raised its holdings in shares of Krispy Kreme by 136.7% in the 2nd quarter. Millennium Management LLC now owns 3,500,855 shares of the company’s stock valued at $37,669,000 after purchasing an additional 2,021,974 shares in the last quarter. Finally, Samlyn Capital LLC increased its holdings in shares of Krispy Kreme by 120.5% in the 2nd quarter. Samlyn Capital LLC now owns 2,230,176 shares of the company’s stock valued at $23,997,000 after acquiring an additional 1,218,699 shares during the period. Institutional investors own 81.72% of the company’s stock.

Krispy Kreme Trading Down 1.9 %

Shares of DNUT opened at $10.23 on Friday. The firm has a market cap of $1.74 billion, a P/E ratio of 60.18, a price-to-earnings-growth ratio of 4.51 and a beta of 1.34. 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 has a 1 year low of $9.18 and a 1 year high of $17.84. The company has a 50 day simple moving average of $11.16 and a two-hundred day simple moving average of $11.01.

Krispy Kreme Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 6th. Stockholders of record on Wednesday, October 23rd were issued a $0.035 dividend. The ex-dividend date of this dividend was Wednesday, October 23rd. This represents a $0.14 annualized dividend and a dividend yield of 1.37%. Krispy Kreme’s dividend payout ratio (DPR) is presently 82.35%.

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.