Krispy Kreme, Inc. (NASDAQ:DNUT) Given Consensus Rating of “Hold” by Brokerages

by · The Cerbat Gem

Krispy Kreme, Inc. (NASDAQ:DNUT – Get Free Report) has been given a consensus recommendation of “Hold” by the nine analysts that are covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $6.80.

A number of equities research analysts have weighed in on the company. Morgan Stanley reduced their price objective on Krispy Kreme from $3.00 to $2.50 and set an “overweight” rating for the company in a research note on Monday, July 14th. JPMorgan Chase & Co. reiterated an “underweight” rating on shares of Krispy Kreme in a research note on Wednesday, August 27th. Bank of America reduced their price objective on Krispy Kreme from $7.00 to $6.00 and set a “buy” rating for the company in a research note on Friday, July 18th. BNP Paribas upgraded Krispy Kreme to a “hold” rating in a research note on Monday, July 21st. Finally, BNP Paribas Exane cut Krispy Kreme from an “outperform” rating to a “neutral” rating and set a $3.50 price objective for the company. in a research note on Monday, July 21st.

Get Our Latest Stock Report on DNUT

Krispy Kreme Price Performance

DNUT stock opened at $3.15 on Friday. The business has a 50 day moving average price of $3.48 and a 200 day moving average price of $3.87. The stock has a market cap of $539.28 million, a price-to-earnings ratio of -1.19 and a beta of 1.32. Krispy Kreme has a fifty-two week low of $2.50 and a fifty-two 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.

Krispy Kreme (NASDAQ:DNUT – Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported ($0.15) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.10). Krispy Kreme had a negative return on equity of 5.55% and a negative net margin of 29.33%.The business had revenue of $379.77 million for the quarter, compared to analysts’ expectations of $382.25 million. During the same quarter in the previous year, the firm earned $0.05 EPS. Krispy Kreme’s revenue for the quarter was down 13.5% compared to the same quarter last year. Equities research analysts anticipate that Krispy Kreme will post 0.07 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of DNUT. Price T Rowe Associates Inc. MD increased its holdings in shares of Krispy Kreme by 17.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 33,087 shares of the company’s stock valued at $329,000 after purchasing an additional 5,032 shares during the period. Northern Trust Corp increased its holdings in shares of Krispy Kreme by 5.6% in the fourth quarter. Northern Trust Corp now owns 750,603 shares of the company’s stock valued at $7,453,000 after purchasing an additional 40,063 shares during the period. Ameriprise Financial Inc. acquired a new position in shares of Krispy Kreme in the fourth quarter valued at approximately $128,000. Brevan Howard Capital Management LP acquired a new position in shares of Krispy Kreme in the fourth quarter valued at approximately $582,000. Finally, Cubist Systematic Strategies LLC acquired a new position in shares of Krispy Kreme in the fourth quarter valued at approximately $535,000. Institutional investors and hedge funds own 81.72% of the company’s stock.

About Krispy Kreme

(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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