Analysts Set Krispy Kreme, Inc. (NASDAQ:DNUT) PT at $5.51

Shares of Krispy Kreme, Inc. (NASDAQ:DNUT) have been assigned a consensus rating of “Hold” from the twelve ratings firms that are covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation, five have given a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $5.5143.

A number of equities research analysts recently issued reports on DNUT shares. Capital One Financial decreased their price target on shares of Krispy Kreme from $6.00 to $4.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 2nd. JPMorgan Chase & Co. restated an “underweight” rating on shares of Krispy Kreme in a report on Wednesday, August 27th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Krispy Kreme in a report on Monday. Zacks Research lowered Krispy Kreme from a “hold” rating to a “strong sell” rating in a research report on Monday, August 25th. Finally, Singular Research raised Krispy Kreme to a “moderate buy” rating in a research note on Wednesday, October 22nd.

Krispy Kreme Stock Performance

NASDAQ DNUT opened at $4.64 on Tuesday. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.36 and a quick ratio of 0.30. Krispy Kreme has a 1-year low of $2.50 and a 1-year high of $10.06. The business has a 50 day simple moving average of $3.96 and a two-hundred day simple moving average of $3.54. The stock has a market capitalization of $794.83 million, a PE ratio of -1.55 and a beta of 1.31.

Krispy Kreme (NASDAQ:DNUT) last issued its quarterly earnings data on Thursday, November 6th. The company reported $0.01 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.07. Krispy Kreme had a negative return on equity of 5.13% and a negative net margin of 33.27%.The business had revenue of $375.30 million for the quarter, compared to analysts’ expectations of $378.29 million. During the same period in the prior year, the firm earned ($0.01) EPS. The company’s revenue for the quarter was down 1.2% on a year-over-year basis. On average, research analysts predict that Krispy Kreme will post 0.07 EPS for the current fiscal year.

Institutional Trading of Krispy Kreme

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in Krispy Kreme by 2.7% during the first quarter. Vanguard Group Inc. now owns 8,867,100 shares of the company’s stock worth $43,626,000 after buying an additional 233,234 shares during the period. Marshall Wace LLP purchased a new stake in shares of Krispy Kreme in the third quarter valued at $11,704,000. Federated Hermes Inc. lifted its holdings in shares of Krispy Kreme by 78.9% in the 2nd quarter. Federated Hermes Inc. now owns 3,007,345 shares of the company’s stock worth $8,751,000 after acquiring an additional 1,326,212 shares during the last quarter. Balyasny Asset Management L.P. lifted its holdings in shares of Krispy Kreme by 419.2% in the 3rd quarter. Balyasny Asset Management L.P. now owns 2,795,546 shares of the company’s stock worth $10,819,000 after acquiring an additional 2,257,061 shares during the last quarter. Finally, Millennium Management LLC boosted its stake in shares of Krispy Kreme by 522.1% during the 1st quarter. Millennium Management LLC now owns 2,093,416 shares of the company’s stock worth $10,300,000 after purchasing an additional 1,756,932 shares during the period. Hedge funds and other institutional investors own 81.72% of the company’s stock.

Krispy Kreme Company Profile

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.