Krispy Kreme (DNUT) to Release Quarterly Earnings on Thursday

Krispy Kreme (NASDAQ:DNUT) is set to issue its quarterly earnings data before the market opens on Thursday, May 9th. Analysts expect Krispy Kreme to post earnings of $0.07 per share for the quarter. Krispy Kreme has set its FY24 guidance at $0.27 to $0.31 EPS and its FY 2024 guidance at 0.270-0.310 EPS.Investors that are interested in registering for the company’s conference call can do so using this link.

Krispy Kreme (NASDAQ:DNUT) last issued its quarterly earnings data on Tuesday, February 13th. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.04). Krispy Kreme had a positive return on equity of 2.02% and a negative net margin of 2.25%. The business had revenue of $450.90 million during the quarter, compared to analysts’ expectations of $438.95 million. During the same quarter last year, the business posted $0.11 EPS. The company’s quarterly revenue was up 11.4% on a year-over-year basis. On average, analysts expect Krispy Kreme to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Krispy Kreme Price Performance

Shares of NASDAQ DNUT opened at $12.82 on Wednesday. The firm has a market capitalization of $2.16 billion, a P/E ratio of -58.27, a P/E/G ratio of 2.47 and a beta of 1.52. The company has a quick ratio of 0.26, a current ratio of 0.33 and a debt-to-equity ratio of 0.66. The stock’s 50-day simple moving average is $13.42 and its two-hundred day simple moving average is $13.51. Krispy Kreme has a twelve month low of $11.52 and a twelve month high of $17.84.

Krispy Kreme Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 7th. Investors of record on Wednesday, July 24th will be given a $0.035 dividend. This represents a $0.14 annualized dividend and a dividend yield of 1.09%. The ex-dividend date of this dividend is Wednesday, July 24th. Krispy Kreme’s dividend payout ratio (DPR) is -63.64%.

Analysts Set New Price Targets

A number of research firms have commented on DNUT. Bank of America boosted their price target on shares of Krispy Kreme from $16.00 to $19.00 and gave the stock a “buy” rating in a research note on Monday, April 8th. Piper Sandler raised Krispy Kreme from a “neutral” rating to an “overweight” rating and increased their target price for the company from $14.00 to $20.00 in a research note on Friday, April 5th. Capital One Financial started coverage on Krispy Kreme in a report on Monday, January 22nd. They issued an “equal weight” rating and a $16.00 price objective for the company. Citigroup raised their price objective on Krispy Kreme from $14.00 to $19.00 and gave the company a “neutral” rating in a report on Wednesday, March 27th. Finally, JPMorgan Chase & Co. cut their target price on Krispy Kreme from $14.00 to $13.00 and set a “neutral” rating for the company in a research note on Tuesday, March 19th. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $16.31.

Insider Buying and Selling

In other Krispy Kreme news, Director Michael J. Tattersfield sold 100,000 shares of the business’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $12.82, for a total value of $1,282,000.00. Following the completion of the sale, the director now owns 2,936,940 shares in the company, valued at $37,651,570.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 5.30% of the stock is owned by corporate insiders.

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.