Krispy Kreme (NASDAQ:DNUT) Reaches New 1-Year Low – Here’s What Happened

Krispy Kreme, Inc. (NASDAQ:DNUT)’s stock price hit a new 52-week low during mid-day trading on Monday . The company traded as low as $9.02 and last traded at $9.06, with a volume of 110942 shares changing hands. The stock had previously closed at $9.26.

Analyst Ratings Changes

Several research analysts have recently commented on DNUT shares. Bank of America boosted their price target on Krispy Kreme from $15.00 to $16.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. JPMorgan Chase & Co. reduced their target price 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. Finally, Morgan Stanley assumed coverage on shares of Krispy Kreme in a report on Tuesday, November 5th. They issued an “equal weight” rating and a $14.00 price target on the stock. Four 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 stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $15.56.

Krispy Kreme Stock Performance

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 firm has a market cap of $1.53 billion, a price-to-earnings ratio of 52.88, a P/E/G ratio of 4.15 and a beta of 1.36. The firm has a fifty day simple moving average of $10.31 and a two-hundred day simple moving average of $10.75.

Krispy Kreme Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 5th. Shareholders of record on Wednesday, January 22nd will be given a dividend of $0.035 per share. This represents a $0.14 annualized dividend and a yield of 1.56%. The ex-dividend date is Wednesday, January 22nd. Krispy Kreme’s dividend payout ratio is presently 82.35%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Stifel Financial Corp grew its holdings in shares of Krispy Kreme by 2.5% during the third quarter. Stifel Financial Corp now owns 38,658 shares of the company’s stock valued at $415,000 after buying an additional 958 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in Krispy Kreme by 2.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 50,819 shares of the company’s stock valued at $547,000 after purchasing an additional 1,399 shares during the last quarter. Blue Trust Inc. grew its stake in Krispy Kreme by 28.3% during the 3rd quarter. Blue Trust Inc. now owns 8,064 shares of the company’s stock valued at $87,000 after purchasing an additional 1,779 shares during the last quarter. Franklin Resources Inc. increased its holdings in shares of Krispy Kreme by 30.7% in the third quarter. Franklin Resources Inc. now owns 14,467 shares of the company’s stock valued at $158,000 after purchasing an additional 3,395 shares during the period. Finally, Point72 Asset Management L.P. raised its stake in shares of Krispy Kreme by 8.7% in the second quarter. Point72 Asset Management L.P. now owns 47,294 shares of the company’s stock worth $509,000 after purchasing an additional 3,794 shares during the last quarter. Hedge funds and other 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.