Krispy Kreme (DNUT) Projected to Post Earnings on Tuesday

Krispy Kreme (NASDAQ:DNUT) is anticipated to post its quarterly earnings results before the market opens on Tuesday, February 25th. Analysts expect Krispy Kreme to post earnings of $0.10 per share and revenue of $413.18 million for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

Krispy Kreme Stock Down 1.3 %

Shares of NASDAQ DNUT opened at $9.15 on Friday. Krispy Kreme has a 52-week low of $8.34 and a 52-week high of $17.84. The company has a quick ratio of 0.28, a current ratio of 0.35 and a debt-to-equity ratio of 0.67. The company’s 50-day simple moving average is $9.18 and its 200-day simple moving average is $10.43. The firm has a market cap of $1.56 billion, a price-to-earnings ratio of 53.82, a price-to-earnings-growth ratio of 3.24 and a beta of 1.34.

Krispy Kreme Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 7th. Shareholders of record on Wednesday, April 23rd will be paid a dividend of $0.035 per share. The ex-dividend date of this dividend is Wednesday, April 23rd. This represents a $0.14 annualized dividend and a yield of 1.53%. Krispy Kreme’s dividend payout ratio (DPR) is currently 82.35%.

Analyst Ratings Changes

Several brokerages recently commented on DNUT. Morgan Stanley dropped their price target on Krispy Kreme from $14.00 to $12.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 21st. JPMorgan Chase & Co. lowered their target price on shares of Krispy Kreme from $14.00 to $13.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 12th. Three investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to 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.