Krispy Kreme, Inc. (NASDAQ:DNUT) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Krispy Kreme, Inc. (NASDAQ:DNUTGet Free Report) have been given an average rating of “Moderate Buy” by the nine ratings firms that are currently covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation, five have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $15.25.

DNUT has been the topic of a number of analyst reports. Bank of America lifted their price objective on shares of Krispy Kreme from $15.00 to $16.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. JPMorgan Chase & Co. cut their price objective on Krispy Kreme from $14.00 to $13.00 and set an “overweight” rating for the company in a research report on Tuesday, November 12th. Finally, Morgan Stanley reduced their target price on shares of Krispy Kreme from $14.00 to $12.00 and set an “equal weight” rating on the stock in a report on Tuesday.

Check Out Our Latest Report on Krispy Kreme

Hedge Funds Weigh In On Krispy Kreme

Large investors have recently made changes to their positions in the business. Point72 DIFC Ltd acquired a new stake in shares of Krispy Kreme in the third quarter worth $51,000. Central Pacific Bank Trust Division bought a new position in shares of Krispy Kreme during the 4th quarter worth about $71,000. Blue Trust Inc. boosted its holdings in Krispy Kreme by 28.3% during the third quarter. Blue Trust Inc. now owns 8,064 shares of the company’s stock valued at $87,000 after purchasing an additional 1,779 shares in the last quarter. First Hawaiian Bank acquired a new position in shares of Krispy Kreme in the 4th quarter worth approximately $111,000. Finally, nVerses Capital LLC bought a new position in shares of Krispy Kreme during the third quarter valued at $124,000. Institutional investors and hedge funds own 81.72% of the company’s stock.

Krispy Kreme Trading Up 1.8 %

NASDAQ DNUT opened at $8.94 on Friday. The company has a market capitalization of $1.52 billion, a price-to-earnings ratio of 52.59, a price-to-earnings-growth ratio of 3.04 and a beta of 1.36. 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 12 month low of $8.44 and a 12 month high of $17.84. The firm’s fifty day moving average price is $9.88 and its 200 day moving average price is $10.66.

Krispy Kreme Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 5th. Stockholders of record on Wednesday, January 22nd will be given a dividend of $0.035 per share. The ex-dividend date of this dividend is Wednesday, January 22nd. This represents a $0.14 dividend on an annualized basis and a dividend yield of 1.57%. Krispy Kreme’s dividend payout ratio (DPR) is presently 82.35%.

Krispy Kreme Company Profile

(Get Free Report

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.

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Analyst Recommendations for Krispy Kreme (NASDAQ:DNUT)

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