Krispy Kreme (NASDAQ:DNUT) Stock Rating Upgraded by Zacks Research

Krispy Kreme (NASDAQ:DNUT) was upgraded by Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Monday,Zacks.com reports.

DNUT has been the topic of a number of other research reports. Weiss Ratings reissued a “sell (d)” rating on shares of Krispy Kreme in a research report on Monday. JPMorgan Chase & Co. reiterated an “underweight” rating on shares of Krispy Kreme in a report on Wednesday, August 27th. Singular Research raised Krispy Kreme to a “moderate buy” rating in a research report on Wednesday, October 22nd. Finally, Capital One Financial reduced their price objective on 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. Four analysts have rated the stock with a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $5.51.

Krispy Kreme Trading Down 4.1%

NASDAQ DNUT opened at $4.19 on Monday. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.36 and a quick ratio of 0.30. The stock has a market capitalization of $717.75 million, a P/E ratio of -1.40 and a beta of 1.31. The firm’s 50-day moving average is $4.02 and its two-hundred day moving average is $3.58. Krispy Kreme has a 12 month low of $2.50 and a 12 month high of $10.06.

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

Institutional Trading of Krispy Kreme

Several institutional investors have recently modified their holdings of DNUT. Capstone Financial Advisors Inc. purchased a new position in shares of Krispy Kreme in the 2nd quarter valued at $29,000. Vanguard Personalized Indexing Management LLC acquired a new position in Krispy Kreme in the second quarter valued at $30,000. R Squared Ltd purchased a new position in shares of Krispy Kreme during the second quarter worth about $31,000. Prudential Financial Inc. purchased a new position in shares of Krispy Kreme during the second quarter worth about $32,000. Finally, Russell Investments Group Ltd. increased its position in shares of Krispy Kreme by 1,229.5% during the third quarter. Russell Investments Group Ltd. now owns 8,469 shares of the company’s stock worth $33,000 after purchasing an additional 7,832 shares in the last quarter. Hedge funds and other institutional investors own 81.72% of the company’s stock.

Krispy Kreme Company Profile

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.