Krispy Kreme (NASDAQ:DNUT) Shares Down 6.1%

Krispy Kreme, Inc. (NASDAQ:DNUT) traded down 6.1% during mid-day trading on Monday . The stock traded as low as $10.08 and last traded at $10.10. 1,609,764 shares were traded during mid-day trading, a decline of 33% from the average session volume of 2,391,915 shares. The stock had previously closed at $10.76.

Wall Street Analyst Weigh In

DNUT has been the topic of a number of recent research reports. Citigroup upped their target price on Krispy Kreme from $14.00 to $19.00 and gave the company a “neutral” rating in a research note on Wednesday, March 27th. Bank of America boosted their target price on shares of Krispy Kreme from $16.00 to $19.00 and gave the company a “buy” rating in a research note on Monday, April 8th. JPMorgan Chase & Co. started coverage on shares of Krispy Kreme in a research note on Monday, June 3rd. They set an “overweight” rating and a $14.00 price target on the stock. Piper Sandler raised shares of Krispy Kreme from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $14.00 to $20.00 in a research note on Friday, April 5th. Finally, Truist Financial raised shares of Krispy Kreme from a “hold” rating to a “buy” rating and lifted their target price for the stock from $13.00 to $15.00 in a research note on Monday, June 10th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $16.69.

Krispy Kreme Stock Up 3.1 %

The stock has a market capitalization of $1.70 billion, a price-to-earnings ratio of -36.30, a PEG ratio of 2.00 and a beta of 1.41. 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 firm’s fifty day moving average is $11.61 and its 200-day moving average is $13.00.

Krispy Kreme (NASDAQ:DNUT) last posted its quarterly earnings results on Thursday, May 9th. The company reported $0.03 EPS for the quarter, hitting analysts’ consensus estimates of $0.03. The business had revenue of $442.70 million during 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%. On average, sell-side analysts predict that Krispy Kreme, Inc. will post 0.16 earnings per share for the current year.

Krispy Kreme Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 7th. Shareholders of record on Wednesday, July 24th will be issued a dividend of $0.035 per share. The ex-dividend date of this dividend is Wednesday, July 24th. This represents a $0.14 dividend on an annualized basis and a dividend yield of 1.39%. Krispy Kreme’s dividend payout ratio (DPR) is -51.85%.

Institutional Investors Weigh In On Krispy Kreme

Several institutional investors and hedge funds have recently bought and sold shares of DNUT. Tidal Investments LLC bought a new position in shares of Krispy Kreme during the first quarter valued at approximately $154,000. California State Teachers Retirement System boosted its holdings in shares of Krispy Kreme by 3.4% during the first quarter. California State Teachers Retirement System now owns 84,610 shares of the company’s stock valued at $1,289,000 after acquiring an additional 2,769 shares during the period. Bamco Inc. NY grew its position in shares of Krispy Kreme by 2.6% during the first quarter. Bamco Inc. NY now owns 9,734,467 shares of the company’s stock worth $148,305,000 after acquiring an additional 246,600 shares during the last quarter. Gabelli Funds LLC acquired a new stake in shares of Krispy Kreme in the 1st quarter worth about $381,000. Finally, Vanguard Group Inc. lifted its position in Krispy Kreme by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 8,548,548 shares of the company’s stock valued at $130,237,000 after purchasing an additional 67,130 shares during the last quarter. Institutional investors and hedge funds own 81.72% of the company’s stock.

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.