Krispy Kreme Inc. (NASDAQ: DNUT) stock jumped 1.76% on Thursday to $13.29 against a previous-day closing price of $13.06. With 0.9 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.01 million shares. During the session, the Grocery Stores company that operates in wider Consumer Defensive sector, reached to the highest price of $13.29 whereas the lowest price it dropped to was $13.02. The 52-week range on DNUT shows that it touched its highest point at $16.22 and its lowest point at $10.21 during that stretch. It currently has a 1-year price target of $17.00. With its current market cap of 2.23 billion, DNUT has annualized dividend of $0.14 while the current yield stands at 1.05%. Beta for the stock currently stands at 1.62.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of DNUT was up-trending over the past week, with a rise of 1.61%, but this was up by 0.15% over a month. Three-month performance dropped to -4.87% while six-month performance fell -7.39%. The stock gained 10.38% in the past year, while it has gained 28.78% so far this year. A look at the trailing 12-month EPS for DNUT yields -0.10 with Next year EPS estimates of 0.41. For the next quarter, that number is 0.06. This implies an EPS growth rate of 42.40% for this year and 26.23% for next year.
Float and Shares Shorts:
At present, 168.18 million DNUT shares are outstanding with a float of 66.93 million shares on hand for trading. On Aug 30, 2023, short shares totaled 8.47 million, which was 5.04% higher than short shares on Jul 30, 2023. In addition to Mr. Michael J. Tattersfield as the firm’s CEO, Pres & Director, Mr. Joshua Charlesworth serves as its Global Pres & COO.
Institutional Ownership:
Through their ownership of 38.28% of DNUT’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 50.04% of DNUT, in contrast to 14.96% held by mutual funds. Shares owned by individuals account for 13.38%. As the largest shareholder in DNUT with 4.04% of the stake, Santander Asset Management SA SGI holds 6,798,212 shares worth 6,798,212. A second-largest stockholder of DNUT, The Vanguard Group, Inc., holds 6,543,884 shares, controlling over 3.89% of the firm’s shares. BAMCO, Inc. is the third largest shareholder in DNUT, holding 5,781,709 shares or 3.44% stake. With a 1.67% stake in DNUT, the Baron Growth Fund is the largest stakeholder. A total of 2,800,000 shares are owned by the mutual fund manager. The Baron Focused Growth Fund, which owns about 1.25% of DNUT stock, is the second-largest Mutual Fund holder. It holds 2,110,000 shares valued at 32.49 million. Vanguard Total Stock Market ETF holds 1.24% of the stake in DNUT, owning 2,090,545 shares worth 32.19 million.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Jul 01, 2023, DNUT reported revenue of $375.25M and operating income of $7.51M. The EBITDA in the recently reported quarter was $34.57M and diluted EPS was -$0.02.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for DNUT since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With DNUT analysts setting a high price target of $20.00 and a low target of $14.00, the average target price over the next 12 months is $16.50. Based on these targets, DNUT could surge 50.49% to reach the target high and rise by 5.34% to reach the target low. Reaching the average price target will result in a growth of 24.15% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.
Dividends & Yield:
In terms of dividends, DNUT has a current ratio of $0.14, which is $0.14 over the trailing 12-months. Dividend yield is another indicator that appeals to many investors, and DNUT currently yields $1.05. In the past year, DNUT’s dividend yield has been $1.05. Accordingly, DNUT has a current buyback yield of $0.08. This was $0.08 for the TTM.
Summary of Insider Activity:
Insiders traded DNUT stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 26 while that of sell transactions has risen to 9 over the past year. The total number of shares bought during that period was 1,498,711 while 788,615 shares were sold.
