Analysts Set Krispy Kreme, Inc. (NASDAQ:DNUT) Target Price at $16.31

Shares of Krispy Kreme, Inc. (NASDAQ:DNUT) have been given an average rating of “Hold” by the eight ratings firms that are currently covering the firm, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $16.31.

A number of equities research analysts recently issued reports on the stock. Bank of America upped their price objective on shares of Krispy Kreme from $16.00 to $19.00 and gave the company a “buy” rating in a report on Monday, April 8th. Citigroup increased their price target on shares of Krispy Kreme from $14.00 to $19.00 and gave the company a “neutral” rating in a research note on Wednesday, March 27th. Piper Sandler raised shares of Krispy Kreme from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $14.00 to $20.00 in a research report on Friday, April 5th. Finally, JPMorgan Chase & Co. lowered their price objective on Krispy Kreme from $14.00 to $13.00 and set a “neutral” rating for the company in a research report on Tuesday, March 19th.

Insider Activity at Krispy Kreme

In other Krispy Kreme news, Director Michael J. Tattersfield sold 100,000 shares of Krispy Kreme stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $12.82, for a total value of $1,282,000.00. Following the completion of the transaction, the director now directly owns 2,936,940 shares of the company’s stock, valued at approximately $37,651,570.80. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 5.30% of the company’s stock.

Hedge Funds Weigh In On Krispy Kreme

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Amalgamated Bank raised its stake in shares of Krispy Kreme by 9.6% in the third quarter. Amalgamated Bank now owns 10,248 shares of the company’s stock valued at $128,000 after acquiring an additional 895 shares in the last quarter. Natixis Advisors L.P. raised its position in Krispy Kreme by 4.9% in the 4th quarter. Natixis Advisors L.P. now owns 25,248 shares of the company’s stock valued at $380,000 after purchasing an additional 1,181 shares in the last quarter. ProShare Advisors LLC boosted its stake in shares of Krispy Kreme by 8.5% in the 1st quarter. ProShare Advisors LLC now owns 15,739 shares of the company’s stock valued at $240,000 after buying an additional 1,239 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Krispy Kreme by 15.8% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,764 shares of the company’s stock valued at $184,000 after buying an additional 2,017 shares during the period. Finally, Connable Office Inc. grew its position in shares of Krispy Kreme by 15.8% during the fourth quarter. Connable Office Inc. now owns 15,109 shares of the company’s stock worth $228,000 after buying an additional 2,058 shares in the last quarter. Hedge funds and other institutional investors own 81.72% of the company’s stock.

Krispy Kreme Trading Down 1.4 %

Shares of Krispy Kreme stock opened at $11.15 on Monday. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.36 and a quick ratio of 0.27. The stock’s 50 day simple moving average is $13.29 and its 200-day simple moving average is $13.42. The stock has a market cap of $1.88 billion, a P/E ratio of -41.30, a P/E/G ratio of 2.05 and a beta of 1.52. Krispy Kreme has a 1-year low of $11.13 and a 1-year high of $17.84.

Krispy Kreme (NASDAQ:DNUT) last announced its quarterly earnings data on Thursday, May 9th. The company reported $0.03 EPS for the quarter, hitting analysts’ consensus estimates of $0.03. The firm had revenue of $442.70 million for the quarter, compared to the consensus estimate of $433.87 million. Krispy Kreme had a positive return on equity of 1.40% and a negative net margin of 2.70%. Analysts predict that Krispy Kreme will post 0.16 EPS for the current fiscal year.

Krispy Kreme Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 7th. Stockholders of record on Wednesday, July 24th will be paid a $0.035 dividend. The ex-dividend date is Wednesday, July 24th. This represents a $0.14 dividend on an annualized basis and a dividend yield of 1.26%. Krispy Kreme’s payout ratio is presently -51.85%.

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.