Krispy Kreme (DNUT) to Release Earnings on Thursday

Krispy Kreme (NASDAQ:DNUT) is scheduled to announce its earnings results before the market opens on Thursday, May 9th. Analysts expect the company to announce earnings of $0.07 per share for the quarter. Krispy Kreme has set its FY24 guidance at $0.27 to $0.31 EPS and its FY 2024 guidance at 0.270-0.310 EPS.Parties interested in listening to the company’s conference call can do so using this link.

Krispy Kreme (NASDAQ:DNUT) last released its earnings results on Tuesday, February 13th. The company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.04). Krispy Kreme had a positive return on equity of 2.02% and a negative net margin of 2.25%. The firm had revenue of $450.90 million for the quarter, compared to analyst estimates of $438.95 million. During the same period in the prior year, the firm earned $0.11 EPS. The firm’s revenue was up 11.4% on a year-over-year basis. On average, analysts expect Krispy Kreme to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Krispy Kreme Stock Down 1.3 %

Shares of DNUT stock opened at $12.49 on Thursday. Krispy Kreme has a 12 month low of $11.52 and a 12 month high of $17.84. The company has a quick ratio of 0.26, a current ratio of 0.33 and a debt-to-equity ratio of 0.66. The firm has a market cap of $2.11 billion, a PE ratio of -56.77, a price-to-earnings-growth ratio of 2.54 and a beta of 1.47. The stock has a 50 day moving average of $13.47 and a 200-day moving average of $13.51.

Krispy Kreme Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 8th. Investors of record on Wednesday, April 24th will be paid a dividend of $0.035 per share. This represents a $0.14 annualized dividend and a yield of 1.12%. The ex-dividend date is Tuesday, April 23rd. Krispy Kreme’s payout ratio is currently -63.64%.

Insider Activity

In related news, Director Michael J. Tattersfield sold 100,000 shares of the company’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $12.82, for a total transaction of $1,282,000.00. Following the transaction, the director now owns 2,936,940 shares in the company, valued at approximately $37,651,570.80. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 4.00% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Citigroup increased their price target on shares of Krispy Kreme from $14.00 to $19.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 27th. Capital One Financial began coverage on Krispy Kreme in a research report on Monday, January 22nd. They set an “equal weight” rating and a $16.00 target price for the company. JPMorgan Chase & Co. lowered their price target on Krispy Kreme from $14.00 to $13.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 19th. Bank of America increased their price objective on Krispy Kreme from $16.00 to $19.00 and gave the stock a “buy” rating in a research note on Monday, April 8th. Finally, Piper Sandler upgraded shares of Krispy Kreme from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $14.00 to $20.00 in a research note on Friday, April 5th. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $16.31.

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.