Krispy Kreme, Inc. (NASDAQ:DNUT) Announces Quarterly Dividend of $0.04

Krispy Kreme, Inc. (NASDAQ:DNUT) declared a quarterly dividend on Thursday, February 13th,RTT News reports. Shareholders of record on Wednesday, April 23rd will be paid a dividend of 0.035 per share on Wednesday, May 7th. This represents a $0.14 dividend on an annualized basis and a yield of 1.61%.

Krispy Kreme has raised its dividend payment by an average of 26.0% per year over the last three years. Krispy Kreme has a payout ratio of 28.0% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Krispy Kreme to earn $0.13 per share next year, which means the company may not be able to cover its $0.14 annual dividend with an expected future payout ratio of 107.7%.

Krispy Kreme Price Performance

Shares of DNUT opened at $8.72 on Friday. Krispy Kreme has a one year low of $8.34 and a one year high of $17.84. The stock’s fifty day moving average is $9.31 and its 200-day moving average is $10.48. 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 firm has a market capitalization of $1.48 billion, a price-to-earnings ratio of 51.29, a price-to-earnings-growth ratio of 3.11 and a beta of 1.34.

Wall Street Analyst Weigh In

Several research firms have commented on DNUT. Bank of America raised their target price on shares of Krispy Kreme from $15.00 to $16.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Morgan Stanley lowered their price objective on shares of Krispy Kreme from $14.00 to $12.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 21st. Finally, JPMorgan Chase & Co. cut their target price on Krispy Kreme from $14.00 to $13.00 and set an “overweight” rating for the company in a research report on Tuesday, November 12th. Three analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $15.25.

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.