Shares of Krispy Kreme, Inc. (NASDAQ:DNUT – Get Free Report) have earned a consensus recommendation of “Moderate Buy” from the nine brokerages that are presently covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $15.25.
Several research analysts have commented on DNUT shares. Bank of America upped their price objective on shares of Krispy Kreme from $15.00 to $16.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. JPMorgan Chase & Co. decreased their price target on shares of Krispy Kreme from $14.00 to $13.00 and set an “overweight” rating for the company in a research note on Tuesday, November 12th. Finally, Morgan Stanley cut their price objective on Krispy Kreme from $14.00 to $12.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 21st.
Check Out Our Latest Report on DNUT
Krispy Kreme Price Performance
Krispy Kreme Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 5th. Stockholders of record on Wednesday, January 22nd will be given a $0.035 dividend. The ex-dividend date is Wednesday, January 22nd. This represents a $0.14 dividend on an annualized basis and a dividend yield of 1.54%. Krispy Kreme’s dividend payout ratio is currently 82.35%.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bamco Inc. NY grew its stake in shares of Krispy Kreme by 4.2% in the third quarter. Bamco Inc. NY now owns 10,481,319 shares of the company’s stock worth $112,569,000 after acquiring an additional 425,630 shares during the last quarter. Banco Santander S.A. boosted its stake in Krispy Kreme by 0.3% in the 3rd quarter. Banco Santander S.A. now owns 6,916,972 shares of the company’s stock worth $74,288,000 after purchasing an additional 21,723 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Krispy Kreme by 38.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,779,882 shares of the company’s stock valued at $40,670,000 after purchasing an additional 1,042,345 shares during the last quarter. Millennium Management LLC increased its stake in Krispy Kreme by 136.7% during the 2nd quarter. Millennium Management LLC now owns 3,500,855 shares of the company’s stock valued at $37,669,000 after purchasing an additional 2,021,974 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in Krispy Kreme by 2.3% in the third quarter. Geode Capital Management LLC now owns 2,099,645 shares of the company’s stock worth $22,555,000 after buying an additional 48,203 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.
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