Krispy Kreme, Inc. (NASDAQ:DNUT) Receives Average Recommendation of “Moderate Buy” from Brokerages

Krispy Kreme, Inc. (NASDAQ:DNUT – Get Rating) has earned an average rating of “Moderate Buy” from the thirteen research firms that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and eight have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $17.57.

A number of equities analysts recently issued reports on DNUT shares. Citigroup decreased their price target on shares of Krispy Kreme from $16.00 to $15.00 and set a “neutral” rating for the company in a research note on Thursday, May 12th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Krispy Kreme from $16.00 to $14.00 in a research note on Thursday, May 12th. Morgan Stanley decreased their price target on shares of Krispy Kreme from $20.00 to $18.00 and set an “overweight” rating for the company in a research note on Thursday, April 14th. Finally, HSBC raised shares of Krispy Kreme from a “hold” rating to a “buy” rating and set a $17.00 price target for the company in a research note on Friday, May 13th.

Hedge funds have recently modified their holdings of the stock. Moors & Cabot Inc. purchased a new position in shares of Krispy Kreme during the 3rd quarter worth $26,000. US Bancorp DE purchased a new position in shares of Krispy Kreme during the 1st quarter worth $30,000. First Quadrant LLC CA bought a new stake in shares of Krispy Kreme during the 1st quarter valued at $37,000. Advisor Group Holdings Inc. purchased a new position in shares of Krispy Kreme during the 3rd quarter valued at $47,000. Finally, Citigroup Inc. purchased a new position in shares of Krispy Kreme during the 3rd quarter valued at $55,000. Institutional investors own 68.82% of the company’s stock.

Shares of NASDAQ:DNUT opened at $13.22 on Thursday. The company has a 50-day moving average price of $13.78 and a 200-day moving average price of $14.70. The company has a quick ratio of 0.22, a current ratio of 0.30 and a debt-to-equity ratio of 0.50. Krispy Kreme has a 12 month low of $11.98 and a 12 month high of $21.69.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 10th. Investors of record on Wednesday, July 27th will be issued a $0.035 dividend. This represents a $0.14 annualized dividend and a yield of 1.06%. The ex-dividend date is Tuesday, July 26th. Krispy Kreme’s dividend payout ratio is currently -99.99%.

About Krispy Kreme (Get Rating)

Krispy Kreme, Inc, together with its subsidiaries, operates through an omni-channel business model to provide doughnut experiences and produce doughnuts. The company operates through three segments: U.S. and Canada, International, and Market Development. It also produces cookies, brownies, cookie cakes, ice cream, cookie-wiches, and cold milk, as well as doughnut mixes, other ingredients, and doughnut-making equipment.

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