Brokerages Set Krispy Kreme, Inc. (NASDAQ:DNUT) Target Price at $11.57

Shares of Krispy Kreme, Inc. (NASDAQ:DNUT - Get Free Report) have earned an average rating of "Moderate Buy" from the eight ratings firms that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation, five have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $11.57.

A number of equities analysts recently issued reports on DNUT shares. Piper Sandler reduced their target price on Krispy Kreme from $18.00 to $12.00 and set an "overweight" rating for the company in a research note on Wednesday, February 26th. Morgan Stanley cut Krispy Kreme from an "equal weight" rating to an "underweight" rating and reduced their price objective for the stock from $12.00 to $6.00 in a research note on Wednesday, February 26th. Finally, Truist Financial cut their price objective on shares of Krispy Kreme from $12.00 to $7.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th.

Insider Buying and Selling at Krispy Kreme

In other news, major shareholder Indulgence B.V. Jab sold 694,445 shares of the stock in a transaction that occurred on Wednesday, April 23rd. The stock was sold at an average price of $4.32, for a total transaction of $3,000,002.40. Following the transaction, the insider now owns 74,190,990 shares in the company, valued at $320,505,076.80. This trade represents a 0.93 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 5.30% of the stock is owned by corporate insiders.

Institutional Trading of Krispy Kreme

Institutional investors have recently modified their holdings of the stock. Spartan Fund Management Inc. grew its stake in Krispy Kreme by 150.0% during the 4th quarter. Spartan Fund Management Inc. now owns 5,000 shares of the company's stock valued at $50,000 after acquiring an additional 3,000 shares in the last quarter. Central Pacific Bank Trust Division acquired a new stake in shares of Krispy Kreme in the fourth quarter valued at approximately $71,000. GAMMA Investing LLC lifted its position in Krispy Kreme by 1,440.9% during the first quarter. GAMMA Investing LLC now owns 9,338 shares of the company's stock worth $46,000 after buying an additional 8,732 shares in the last quarter. First Hawaiian Bank acquired a new position in Krispy Kreme during the fourth quarter worth $111,000. Finally, Teacher Retirement System of Texas purchased a new stake in Krispy Kreme in the 1st quarter valued at $61,000. Institutional investors and hedge funds own 81.72% of the company's stock.

Krispy Kreme Stock Down 0.8 %

NASDAQ:DNUT traded down $0.03 during mid-day trading on Monday, hitting $4.33. 4,862,108 shares of the company's stock traded hands, compared to its average volume of 2,293,156. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.28 and a current ratio of 0.35. The company has a market capitalization of $738.44 million, a P/E ratio of 25.45, a P/E/G ratio of 3.24 and a beta of 1.49. The company has a fifty day moving average of $4.88 and a 200 day moving average of $8.16. Krispy Kreme has a twelve month low of $3.91 and a twelve month high of $13.25.

Krispy Kreme (NASDAQ:DNUT - Get Free Report) last announced its quarterly earnings data on Tuesday, February 25th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.09). Krispy Kreme had a net margin of 1.64% and a return on equity of 0.53%. The company had revenue of $404.00 million during the quarter, compared to analysts' expectations of $413.18 million. During the same period in the previous year, the business earned $0.09 earnings per share. The business's revenue for the quarter was down 10.4% compared to the same quarter last year. On average, analysts forecast that Krispy Kreme will post 0.07 EPS for the current year.

Krispy Kreme Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 7th. Investors of record on Wednesday, April 23rd will be issued a dividend of $0.035 per share. This represents a $0.14 dividend on an annualized basis and a yield of 3.24%. The ex-dividend date of this dividend is Wednesday, April 23rd. Krispy Kreme's dividend payout ratio (DPR) is presently 700.00%.

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.