Krispy Kreme, Inc. (NASDAQ:DNUT) Receives Average Rating of “Hold” from Brokerages

by · The Cerbat Gem

Krispy Kreme, Inc. (NASDAQ:DNUT – Get Free Report) has received a consensus recommendation of “Hold” from the twelve ratings firms that are currently covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $5.5143.

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

Get Our Latest Analysis on DNUT

Krispy Kreme Stock Up 3.3%

DNUT stock opened at $4.11 on Friday. The company’s 50 day moving average is $3.71 and its 200 day moving average is $3.40. The stock has a market cap of $704.04 million, a price-to-earnings ratio of -1.37 and a beta of 1.33. The company has a current ratio of 0.36, a quick ratio of 0.30 and a debt-to-equity ratio of 1.31. Krispy Kreme has a 1-year low of $2.50 and a 1-year high of $11.21.

Krispy Kreme (NASDAQ:DNUT – Get Free Report) last announced its earnings results on Thursday, November 6th. The company reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.07. The business had revenue of $375.30 million during the quarter, compared to analyst estimates of $378.29 million. Krispy Kreme had a negative net margin of 33.27% and a negative return on equity of 5.13%. Krispy Kreme’s revenue for the quarter was down 1.2% on a year-over-year basis. During the same period in the previous year, the business posted ($0.01) earnings per share. Sell-side analysts predict that Krispy Kreme will post 0.07 EPS for the current fiscal year.

Institutional Investors Weigh In On Krispy Kreme

Institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. lifted its stake in Krispy Kreme by 2.7% in the first quarter. Vanguard Group Inc. now owns 8,867,100 shares of the company’s stock worth $43,626,000 after purchasing an additional 233,234 shares during the last quarter. Pacific Point Advisors LLC purchased a new position in shares of Krispy Kreme in the second quarter worth about $341,000. Counterpoint Mutual Funds LLC bought a new stake in shares of Krispy Kreme in the 2nd quarter valued at about $333,000. Nuveen LLC bought a new stake in shares of Krispy Kreme in the 1st quarter valued at about $1,126,000. Finally, AlTi Global Inc. boosted its holdings in Krispy Kreme by 40.1% during the 2nd quarter. AlTi Global Inc. now owns 748,666 shares of the company’s stock valued at $2,179,000 after acquiring an additional 214,192 shares during the period. Hedge funds and other institutional investors own 81.72% of the company’s stock.

Krispy Kreme Company Profile

(Get Free Report)

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.

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