Krispy Kreme, Inc. (NASDAQ:DNUT) Receives $4.33 Consensus Target Price from Analysts

Krispy Kreme, Inc. (NASDAQ:DNUT) has earned a consensus rating of “Reduce” from the five ratings firms that are currently covering the stock, Marketbeat reports. Three research analysts have rated the stock with a sell recommendation and two have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $4.3333.

DNUT has been the subject of several analyst reports. Wall Street Zen cut shares of Krispy Kreme from a “hold” rating to a “sell” rating in a research report on Saturday, August 8th. Weiss Ratings lowered shares of Krispy Kreme from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, September 11th. Evercore set a $4.00 price objective on shares of Krispy Kreme in a research note on Friday, August 7th. Finally, Zacks Research lowered shares of Krispy Kreme from a “hold” rating to a “strong sell” rating in a report on Thursday, August 6th.

Krispy Kreme Price Performance

Krispy Kreme stock opened at $3.02 on Thursday. The business’s 50-day simple moving average is $3.28 and its 200 day simple moving average is $3.44. The stock has a market cap of $520.65 million, a price-to-earnings ratio of -5.39 and a beta of 1.27. Krispy Kreme has a 12-month low of $2.88 and a 12-month high of $5.11. The company has a quick ratio of 0.29, a current ratio of 0.36 and a debt-to-equity ratio of 1.28.

Krispy Kreme (NASDAQ:DNUT) last announced its quarterly earnings data on Thursday, August 6th. The company reported ($0.03) EPS for the quarter, hitting analysts’ consensus estimates of ($0.03). Krispy Kreme had a negative return on equity of 1.17% and a negative net margin of 6.16%.The firm had revenue of $331.00 million during the quarter, compared to analyst estimates of $303.35 million. During the same period last year, the company earned ($0.15) earnings per share. The company’s revenue was down 12.8% on a year-over-year basis. As a group, research analysts anticipate that Krispy Kreme will post -0.06 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Allworth Financial LP bought a new stake in Krispy Kreme in the second quarter valued at about $25,000. Apollon Wealth Management LLC acquired a new position in Krispy Kreme in the first quarter valued at about $35,000. Coastal Bridge Advisors LLC bought a new position in Krispy Kreme during the second quarter worth about $37,000. Abel Hall LLC bought a new position in Krispy Kreme during the first quarter worth about $45,000. Finally, Sequoia Financial Advisors LLC bought a new position in Krispy Kreme during the second quarter worth about $56,000. 81.72% of the stock is currently owned by institutional investors.

About Krispy Kreme

Krispy Kreme, Inc is a global doughnut and coffee company best known for its Original Glazed doughnuts. The company operates and franchises doughnut shops, cafés and other retail locations, while also distributing its products through grocery stores, convenience stores and other points of access. Its offerings generally include doughnuts, coffee and other beverages, as well as assorted baked goods and seasonal products.

Founded in Winston-Salem, North Carolina, in 1937 by Vernon Rudolph, Krispy Kreme has expanded from a regional doughnut maker into an international brand.