Krispy Kreme, Inc. (NASDAQ:DNUT) Sees Significant Decrease in Short Interest

Krispy Kreme, Inc. (NASDAQ:DNUTGet Rating) saw a significant drop in short interest in the month of April. As of April 30th, there was short interest totalling 10,420,000 shares, a drop of 14.2% from the April 15th total of 12,150,000 shares. Based on an average daily volume of 1,310,000 shares, the days-to-cover ratio is currently 8.0 days. Approximately 16.2% of the shares of the company are sold short.

DNUT has been the topic of a number of recent analyst reports. Zacks Investment Research raised shares of Krispy Kreme from a “sell” rating to a “hold” rating in a research note on Monday. HSBC raised shares of Krispy Kreme from a “hold” rating to a “buy” rating and set a $17.00 price objective on the stock in a research note on Friday, May 13th. Citigroup decreased their price objective on shares of Krispy Kreme from $16.00 to $15.00 and set a “neutral” rating on the stock in a research note on Thursday, May 12th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Krispy Kreme from $16.00 to $14.00 in a research note on Thursday, May 12th. Finally, Morgan Stanley decreased their price objective on shares of Krispy Kreme from $20.00 to $18.00 and set an “overweight” rating on the stock in a research note on Thursday, April 14th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, Krispy Kreme currently has a consensus rating of “Buy” and an average price target of $17.57.

In other Krispy Kreme news, CEO Michael J. Tattersfield bought 9,500 shares of the stock in a transaction dated Thursday, March 10th. The shares were bought at an average cost of $13.95 per share, with a total value of $132,525.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Large investors have recently modified their holdings of the company. US Bancorp DE acquired a new position in shares of Krispy Kreme during the first quarter worth $30,000. First Quadrant LLC CA bought a new position in Krispy Kreme during the first quarter worth $37,000. Advisor Group Holdings Inc. bought a new position in Krispy Kreme during the third quarter worth $47,000. Citigroup Inc. bought a new position in Krispy Kreme during the third quarter worth $55,000. Finally, UBS Group AG bought a new position in Krispy Kreme during the third quarter worth $61,000. Institutional investors own 68.82% of the company’s stock.

Shares of Krispy Kreme stock opened at $14.09 on Thursday. Krispy Kreme has a fifty-two week low of $11.98 and a fifty-two week high of $21.69. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.30 and a quick ratio of 0.22. The firm has a market capitalization of $2.36 billion and a P/E ratio of -100.64. The company’s 50 day moving average price is $13.96 and its two-hundred day moving average price is $14.77.

Krispy Kreme (NASDAQ:DNUTGet Rating) last issued its quarterly earnings results on Tuesday, February 22nd. The company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). The business had revenue of $370.60 million for the quarter, compared to analyst estimates of $363.04 million. Krispy Kreme had a positive return on equity of 3.31% and a negative net margin of 1.22%. The company’s revenue was up 13.8% compared to the same quarter last year. On average, analysts expect that Krispy Kreme will post 0.28 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 10th. Stockholders of record on Wednesday, July 27th will be issued a dividend of $0.035 per share. The ex-dividend date of this dividend is Tuesday, July 26th. This represents a $0.14 dividend on an annualized basis and a dividend yield of 0.99%. Krispy Kreme’s dividend payout ratio (DPR) is presently -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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