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

Krispy Kreme, Inc. (NASDAQ:DNUT) has received an average recommendation of “Moderate Buy” from the ten analysts that are presently covering the firm, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is $15.56.

A number of brokerages recently weighed in on DNUT. Morgan Stanley initiated coverage on shares of Krispy Kreme in a research report on Tuesday, November 5th. They issued an “equal weight” rating and a $14.00 price target on the stock. Bank of America lifted their price target on shares of Krispy Kreme from $15.00 to $16.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Krispy Kreme from $14.00 to $13.00 and set an “overweight” rating for the company in a research report on Tuesday, November 12th.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Central Pacific Bank Trust Division acquired a new position in Krispy Kreme during the 4th quarter worth approximately $71,000. Franklin Resources Inc. boosted its holdings in Krispy Kreme by 30.7% during the third quarter. Franklin Resources Inc. now owns 14,467 shares of the company’s stock worth $158,000 after purchasing an additional 3,395 shares during the last quarter. Geode Capital Management LLC grew its position in Krispy Kreme by 2.3% in the third quarter. Geode Capital Management LLC now owns 2,099,645 shares of the company’s stock valued at $22,555,000 after purchasing an additional 48,203 shares in the last quarter. Barclays PLC increased its stake in Krispy Kreme by 450.6% in the 3rd quarter. Barclays PLC now owns 169,209 shares of the company’s stock valued at $1,816,000 after buying an additional 138,475 shares during the last quarter. Finally, Stifel Financial Corp lifted its position in Krispy Kreme by 2.5% during the 3rd quarter. Stifel Financial Corp now owns 38,658 shares of the company’s stock worth $415,000 after buying an additional 958 shares in the last quarter. 81.72% of the stock is currently owned by institutional investors.

Krispy Kreme Trading Down 1.3 %

NASDAQ DNUT opened at $9.69 on Tuesday. 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 has a 12 month low of $9.18 and a 12 month high of $17.84. The company has a market capitalization of $1.65 billion, a PE ratio of 57.00, a P/E/G ratio of 4.21 and a beta of 1.36. The stock has a 50-day simple moving average of $10.59 and a 200 day simple moving average of $10.82.

Krispy Kreme Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 5th. Stockholders of record on Wednesday, January 22nd will be issued a $0.035 dividend. The ex-dividend date is Wednesday, January 22nd. This represents a $0.14 dividend on an annualized basis and a dividend yield of 1.44%. Krispy Kreme’s dividend payout ratio (DPR) is 82.35%.

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.