Krispy Kreme, Inc. (NASDAQ:DNUT) Receives $6.45 Average PT from Analysts

Shares of Krispy Kreme, Inc. (NASDAQ:DNUT) have earned an average recommendation of “Hold” from the twelve research firms that are presently covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and four have given a buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $6.45.

A number of equities analysts recently weighed in on DNUT shares. Capital One Financial lowered their price objective on shares of Krispy Kreme from $6.00 to $4.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 2nd. Morgan Stanley reduced their target price on Krispy Kreme from $3.00 to $2.50 and set an “overweight” rating for the company in a report on Monday, July 14th. Singular Research raised Krispy Kreme to a “moderate buy” rating in a report on Wednesday, October 22nd. Bank of America reduced their target price on Krispy Kreme from $7.00 to $6.00 and set a “buy” rating for the company in a report on Friday, July 18th. Finally, Zacks Research lowered shares of Krispy Kreme from a “hold” rating to a “strong sell” rating in a research report on Monday, August 25th.

Krispy Kreme Stock Performance

Shares of Krispy Kreme stock opened at $3.79 on Monday. The firm has a market capitalization of $648.85 million, a P/E ratio of -1.43 and a beta of 1.34. Krispy Kreme has a 52 week low of $2.50 and a 52 week high of $12.68. The company has a quick ratio of 0.26, a current ratio of 0.34 and a debt-to-equity ratio of 1.24. The firm’s 50 day moving average is $3.50 and its two-hundred day moving average is $3.43.

Krispy Kreme (NASDAQ:DNUT) last announced its quarterly earnings results on Thursday, August 7th. The company reported ($0.15) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.10). The company had revenue of $379.77 million during the quarter, compared to analysts’ expectations of $382.25 million. Krispy Kreme had a negative net margin of 29.33% and a negative return on equity of 5.55%. The business’s revenue for the quarter was down 13.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.05 earnings per share. Research analysts forecast that Krispy Kreme will post 0.07 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Capstone Financial Advisors Inc. acquired a new position in Krispy Kreme in the 2nd quarter valued at about $29,000. Sage Mountain Advisors LLC purchased a new stake in Krispy Kreme in the 3rd quarter valued at about $39,000. Vanguard Personalized Indexing Management LLC purchased a new stake in Krispy Kreme in the 2nd quarter valued at about $30,000. Malaga Cove Capital LLC purchased a new stake in Krispy Kreme in the 1st quarter valued at about $51,000. Finally, R Squared Ltd purchased a new stake in Krispy Kreme in the 2nd quarter valued at about $31,000. Institutional investors and hedge funds 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.