Shares of Krispy Kreme, Inc. (NASDAQ:DNUT - Get Free Report) hit a new 52-week low on Tuesday . The stock traded as low as $5.85 and last traded at $5.99, with a volume of 293175 shares changing hands. The stock had previously closed at $6.11.
Several research firms have commented on DNUT. Morgan Stanley lowered Krispy Kreme from an "equal weight" rating to an "underweight" rating and lowered their price objective for the stock from $12.00 to $6.00 in a research report on Wednesday, February 26th. Piper Sandler dropped their price target on shares of Krispy Kreme from $18.00 to $12.00 and set an "overweight" rating on the stock in a research report on Wednesday, February 26th. JPMorgan Chase & Co. decreased their price objective on shares of Krispy Kreme from $14.00 to $13.00 and set an "overweight" rating for the company in a research report on Tuesday, November 12th. Finally, Truist Financial reissued a "buy" rating and set a $12.00 target price (down from $15.00) on shares of Krispy Kreme in a research note on Wednesday, February 26th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $13.13.
Read Our Latest Report on DNUT
The company has a debt-to-equity ratio of 0.67, a current ratio of 0.35 and a quick ratio of 0.28. The business's 50 day moving average price is $8.61 and its 200 day moving average price is $10.19. The firm has a market cap of $992.80 million, a PE ratio of 34.35, a PEG ratio of 3.24 and a beta of 1.34.
Krispy Kreme (NASDAQ:DNUT - Get Free Report) last posted 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). The firm had revenue of $404.00 million for the quarter, compared to analysts' expectations of $413.18 million. Krispy Kreme had a return on equity of 0.53% and a net margin of 1.64%. Krispy Kreme's quarterly revenue was down 10.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.09 earnings per share. On average, equities research analysts expect that Krispy Kreme, Inc. will post 0.07 earnings per share for the current year.
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 issued a $0.035 dividend. The ex-dividend date is Wednesday, April 23rd. This represents a $0.14 dividend on an annualized basis and a yield of 2.40%. Krispy Kreme's payout ratio is currently 700.00%.
Several institutional investors and hedge funds have recently added to or reduced their stakes in DNUT. Landscape Capital Management L.L.C. lifted its stake in shares of Krispy Kreme by 86.1% in the third quarter. Landscape Capital Management L.L.C. now owns 216,559 shares of the company's stock worth $2,326,000 after buying an additional 100,163 shares in the last quarter. Paloma Partners Management Co raised its holdings in 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 during the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Krispy Kreme in the 3rd quarter valued at about $810,000. Holocene Advisors LP purchased a new position in Krispy Kreme in the 3rd quarter worth approximately $1,716,000. Finally, Barclays PLC boosted its holdings in shares of Krispy Kreme by 450.6% during the 3rd quarter. Barclays PLC now owns 169,209 shares of the company's stock worth $1,816,000 after purchasing an additional 138,475 shares during the last quarter. Institutional investors and hedge funds own 81.72% of the company's stock.
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.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Before you consider Krispy Kreme, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Krispy Kreme wasn't on the list.
While Krispy Kreme currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.