Krispy Kreme (NASDAQ:DNUT) Trading Down 5.1% – What’s Next?

Krispy Kreme, Inc. (NASDAQ:DNUT) shares traded down 5.1% on Wednesday . The company traded as low as $3.31 and last traded at $3.2850. 336,878 shares were traded during mid-day trading, a decline of 87% from the average session volume of 2,499,899 shares. The stock had previously closed at $3.46.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Zacks Research raised Krispy Kreme from a “strong sell” rating to a “hold” rating in a research note on Monday, December 22nd. Morgan Stanley reissued an “underweight” rating and set a $3.00 price objective on shares of Krispy Kreme in a report on Tuesday, January 20th. Weiss Ratings restated a “sell (d)” rating on shares of Krispy Kreme in a research report on Monday, December 29th. Finally, Wall Street Zen raised Krispy Kreme from a “sell” rating to a “hold” rating in a research note on Sunday, February 22nd. Two investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, Krispy Kreme has an average rating of “Reduce” and an average price target of $4.52.

Krispy Kreme Price Performance

The company has a quick ratio of 0.30, a current ratio of 0.38 and a debt-to-equity ratio of 1.40. The firm’s fifty day moving average price is $3.48 and its 200-day moving average price is $3.68. The stock has a market cap of $567.40 million, a P/E ratio of -1.09 and a beta of 1.27.

Krispy Kreme (NASDAQ:DNUT) last announced its quarterly earnings results on Thursday, February 26th. The company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.06. The business had revenue of $392.37 million during the quarter, compared to analysts’ expectations of $386.72 million. Krispy Kreme had a negative net margin of 33.87% and a negative return on equity of 3.66%. The firm’s revenue for the quarter was down 2.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.01 EPS. Analysts forecast that Krispy Kreme, Inc. will post 0.07 earnings per share for the current year.

Institutional Trading of Krispy Kreme

Several large investors have recently modified their holdings of the business. Capstone Financial Advisors Inc. bought a new stake in shares of Krispy Kreme in the 2nd quarter worth approximately $29,000. Prudential Financial Inc. bought a new position in shares of Krispy Kreme during the second quarter valued at approximately $32,000. Russell Investments Group Ltd. lifted its stake in Krispy Kreme by 1,229.5% in the third quarter. Russell Investments Group Ltd. now owns 8,469 shares of the company’s stock worth $33,000 after acquiring an additional 7,832 shares during the period. Captrust Financial Advisors purchased a new stake in Krispy Kreme in the second quarter worth $34,000. Finally, Raymond James Financial Inc. bought a new stake in Krispy Kreme in the second quarter valued at $37,000. 81.72% of the stock is owned by institutional investors.

About Krispy Kreme

Krispy Kreme Doughnuts, Inc (NASDAQ: DNUT) is a global retailer and wholesaler renowned for its signature Original Glazed doughnut and a variety of other sweet treats. The company operates through a combination of company-owned stores, franchise outlets and strategic partnerships with supermarkets, convenience stores and other foodservice channels. In addition to its doughnut portfolio, Krispy Kreme offers freshly brewed coffee, assorted beverages and proprietary seasonal items designed to drive traffic and foster brand loyalty.

Founded in 1937 in Winston-Salem, North Carolina, by Vernon Rudolph, Krispy Kreme has grown from a single local shop to a multinational brand.