Krispy Kreme (NASDAQ:DNUT) Stock Price Down 6.1% – What’s Next?

by · The Markets Daily

Krispy Kreme, Inc. (NASDAQ:DNUTGet Free Report)’s share price traded down 6.1% on Monday . The stock traded as low as $4.05 and last traded at $4.0450. 859,279 shares traded hands during trading, a decline of 65% from the average session volume of 2,427,486 shares. The stock had previously closed at $4.31.

Analyst Upgrades and Downgrades

DNUT has been the subject of several recent analyst reports. Capital One Financial raised shares of Krispy Kreme from an “equal weight” rating to an “overweight” rating and set a $6.00 target price for the company in a research note on Thursday, March 26th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Krispy Kreme in a research report on Friday, March 27th. Wall Street Zen raised shares of Krispy Kreme from a “sell” rating to a “hold” rating in a research report on Sunday, May 17th. Finally, Zacks Research lowered shares of Krispy Kreme from a “strong-buy” rating to a “hold” rating in a report on Friday, May 15th. Three analysts have rated the stock with a Buy rating, two have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Krispy Kreme currently has a consensus rating of “Hold” and an average target price of $4.63.

View Our Latest Stock Report on Krispy Kreme

Krispy Kreme Price Performance

The company has a current ratio of 0.42, a quick ratio of 0.36 and a debt-to-equity ratio of 1.31. The company has a 50 day simple moving average of $3.56 and a 200 day simple moving average of $3.64. The stock has a market cap of $651.67 million, a P/E ratio of -1.26 and a beta of 1.27.

Krispy Kreme (NASDAQ:DNUTGet Free Report) last posted its quarterly earnings data on Thursday, May 7th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.02). Krispy Kreme had a negative net margin of 33.36% and a negative return on equity of 4.34%. The business had revenue of $367.03 million during the quarter, compared to analyst estimates of $359.42 million. During the same quarter last year, the business earned ($0.05) earnings per share. Krispy Kreme’s revenue for the quarter was down 2.2% on a year-over-year basis. Sell-side analysts forecast that Krispy Kreme, Inc. will post -0.07 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Krispy Kreme news, Director Bernardo Hees purchased 25,002 shares of the business’s stock in a transaction on Friday, June 5th. The shares were purchased at an average cost of $3.49 per share, with a total value of $87,256.98. Following the transaction, the director directly owned 1,574,635 shares of the company’s stock, valued at $5,495,476.15. This represents a 1.61% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last quarter, insiders have bought 880,190 shares of company stock worth $2,973,833. Insiders own 1.60% of the company’s stock.

Institutional Trading of Krispy Kreme

Institutional investors and hedge funds have recently bought and sold shares of the stock. Prudential Financial Inc. bought a new position in Krispy Kreme in the second quarter valued at approximately $32,000. Russell Investments Group Ltd. raised its stake in shares of Krispy Kreme by 1,229.5% during the 3rd 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. Captrust Financial Advisors acquired a new stake in shares of Krispy Kreme in the 2nd quarter valued at approximately $34,000. Apollon Wealth Management LLC bought a new position in shares of Krispy Kreme in the first quarter valued at $35,000. Finally, Raymond James Financial Inc. bought a new position in shares of Krispy Kreme in the second quarter valued at $37,000. Institutional investors own 81.72% of the company’s stock.

About Krispy Kreme

(Get Free Report)

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.

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