Krispy Kreme (NASDAQ:DNUT) Stock Price Up 4.8% – Should You Buy?

Krispy Kreme, Inc. (NASDAQ:DNUT) shares rose 4.8% during trading on Tuesday . The stock traded as high as $8.86 and last traded at $8.84. Approximately 1,324,569 shares were traded during trading, a decline of 20% from the average daily volume of 1,664,972 shares. The stock had previously closed at $8.43.

Analysts Set New Price Targets

DNUT has been the subject of several research reports. Bank of America increased their price objective on shares of Krispy Kreme from $15.00 to $16.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Morgan Stanley lowered their price target on shares of 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, JPMorgan Chase & Co. lowered their price target on shares of Krispy Kreme from $14.00 to $13.00 and set an “overweight” rating for the company in a report on Tuesday, November 12th. Three equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $15.25.

Krispy Kreme Trading Up 5.2 %

The firm has a market capitalization of $1.51 billion, a PE ratio of 52.18, a price-to-earnings-growth ratio of 3.11 and a beta of 1.34. 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 stock’s 50-day moving average price is $9.43 and its 200 day moving average price is $10.52.

Krispy Kreme Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 5th. Shareholders of record on Wednesday, January 22nd were paid a $0.035 dividend. The ex-dividend date of this dividend was Wednesday, January 22nd. This represents a $0.14 annualized dividend and a yield of 1.58%. Krispy Kreme’s dividend payout ratio (DPR) is 82.35%.

Institutional Investors Weigh In On Krispy Kreme

Several institutional investors have recently bought and sold shares of DNUT. Point72 DIFC Ltd acquired a new position in Krispy Kreme during the third quarter valued at $51,000. Central Pacific Bank Trust Division purchased a new position in Krispy Kreme in the fourth quarter valued at $71,000. Blue Trust Inc. increased its holdings in Krispy Kreme by 28.3% in the third quarter. Blue Trust Inc. now owns 8,064 shares of the company’s stock valued at $87,000 after buying an additional 1,779 shares in the last quarter. First Hawaiian Bank purchased a new stake in shares of Krispy Kreme during the fourth quarter worth about $111,000. Finally, nVerses Capital LLC purchased a new stake in shares of Krispy Kreme during the third quarter worth about $124,000. 81.72% of the stock is currently owned by institutional investors and hedge funds.

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.