Analysts Set Krispy Kreme, Inc. (NASDAQ:DNUT) Target Price at $20.39

Shares of Krispy Kreme, Inc. (NASDAQ:DNUT) have been assigned an average rating of “Buy” from the fourteen ratings firms that are currently covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $20.24.

A number of analysts have recently weighed in on DNUT shares. The Goldman Sachs Group assumed coverage on Krispy Kreme in a research report on Monday, July 26th. They set a “neutral” rating and a $17.00 price objective on the stock. Exane BNP Paribas initiated coverage on shares of Krispy Kreme in a research note on Monday, July 26th. They issued an “outperform” rating and a $21.00 price objective for the company. JPMorgan Chase & Co. initiated coverage on shares of Krispy Kreme in a research note on Monday, July 26th. They issued an “overweight” rating and a $19.00 price objective for the company. Wells Fargo & Company began coverage on shares of Krispy Kreme in a research note on Monday, July 26th. They issued an “equal weight” rating and a $18.00 price objective for the company. Finally, CL King began coverage on shares of Krispy Kreme in a research note on Monday, July 26th. They set a “buy” rating and a $16.71 target price for the company.

NASDAQ:DNUT traded down $0.07 during trading hours on Friday, reaching $14.24. 6,321 shares of the stock were exchanged, compared to its average volume of 1,245,634. The company has a quick ratio of 0.10, a current ratio of 0.14 and a debt-to-equity ratio of 0.76. The stock has a 50-day simple moving average of $15.17. Krispy Kreme has a twelve month low of $12.82 and a twelve month high of $21.69.

Krispy Kreme (NASDAQ:DNUT) last released its quarterly earnings results on Monday, August 16th. The company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.01). The business had revenue of $341.22 million during the quarter, compared to the consensus estimate of $333.29 million. The business’s revenue was up 44.2% compared to the same quarter last year. On average, sell-side analysts expect that Krispy Kreme will post 0.4 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 10th. Shareholders of record on Wednesday, October 27th will be issued a $0.035 dividend. The ex-dividend date is Tuesday, October 26th. This represents a $0.14 dividend on an annualized basis and a yield of 0.98%.

In other Krispy Kreme news, Chairman Olivier Goudet acquired 60,000 shares of the company’s stock in a transaction dated Thursday, August 19th. The stock was acquired at an average cost of $13.21 per share, with a total value of $792,600.00. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, major shareholder Holdings B.V. Jab bought 209,084 shares of the stock in a transaction on Thursday, September 9th. The stock was purchased at an average cost of $15.84 per share, with a total value of $3,311,890.56. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 1,531,326 shares of company stock valued at $24,226,768.

About Krispy Kreme

Krispy Kreme, Inc, together with its subsidiaries, operates as a branded retailer and wholesaler of doughnuts, coffee and other complementary beverages, and treats and packaged sweets. The company operates through four segments: Company Stores, Domestic Franchise, International Franchise, and KK Supply Chain.

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Analyst Recommendations for Krispy Kreme (NASDAQ:DNUT)

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