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

Shares of Krispy Kreme, Inc. (NASDAQ:DNUT) have earned a consensus rating of “Moderate Buy” from the nine research firms that are presently covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $15.25.

DNUT has been the topic of several research analyst reports. JPMorgan Chase & Co. reduced their price objective on Krispy Kreme from $14.00 to $13.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 12th. Morgan Stanley decreased their price target on Krispy Kreme from $14.00 to $12.00 and set an “equal weight” rating for the company in a report on Tuesday, January 21st. Finally, Bank of America increased their target price on Krispy Kreme from $15.00 to $16.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd.

Krispy Kreme Trading Up 0.3 %

Krispy Kreme stock opened at $9.16 on Friday. The company has a current ratio of 0.35, a quick ratio of 0.28 and a debt-to-equity ratio of 0.67. The stock has a market cap of $1.56 billion, a PE ratio of 53.88, a P/E/G ratio of 3.04 and a beta of 1.36. The stock has a 50-day moving average price of $9.78 and a 200 day moving average price of $10.65. Krispy Kreme has a 52 week low of $8.44 and a 52 week high of $17.84.

Krispy Kreme Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 5th. Investors of record on Wednesday, January 22nd will be paid a dividend of $0.035 per share. The ex-dividend date is Wednesday, January 22nd. This represents a $0.14 annualized dividend and a yield of 1.53%. Krispy Kreme’s dividend payout ratio is currently 82.35%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of DNUT. Landscape Capital Management L.L.C. lifted its stake in Krispy Kreme by 86.1% in the 3rd quarter. Landscape Capital Management L.L.C. now owns 216,559 shares of the company’s stock worth $2,326,000 after acquiring an additional 100,163 shares in the last quarter. Paloma Partners Management Co raised its stake in shares of Krispy Kreme by 6,993.4% in the 3rd quarter. Paloma Partners Management Co now owns 872,068 shares of the company’s stock valued at $9,366,000 after acquiring an additional 859,774 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Krispy Kreme in the 3rd quarter valued at approximately $810,000. Holocene Advisors LP acquired a new stake in Krispy Kreme in the 3rd quarter valued at approximately $1,716,000. Finally, Driehaus Capital Management LLC grew its holdings in Krispy Kreme by 121.7% in the 2nd quarter. Driehaus Capital Management LLC now owns 1,190,865 shares of the company’s stock valued at $12,814,000 after buying an additional 653,637 shares during the last quarter. Institutional investors own 81.72% of the company’s stock.

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.