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

Shares of Krispy Kreme, Inc. (NASDAQ:DNUT) have been given a consensus recommendation of “Hold” by the twelve brokerages that are presently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $5.5143.

A number of research analysts recently weighed in on DNUT shares. Weiss Ratings reissued a “sell (d)” rating on shares of Krispy Kreme in a report on Monday, December 29th. Capital One Financial dropped their price objective on shares of 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. Zacks Research upgraded shares of Krispy Kreme from a “strong sell” rating to a “hold” rating in a report on Monday, December 22nd. Singular Research raised shares of Krispy Kreme to a “moderate buy” rating in a report on Wednesday, October 22nd. Finally, Wall Street Zen lowered Krispy Kreme from a “hold” rating to a “sell” rating in a research report on Saturday, January 3rd.

Institutional Trading of Krispy Kreme

Several hedge funds and other institutional investors have recently bought and sold shares of DNUT. Capstone Financial Advisors Inc. bought a new stake in Krispy Kreme in the second quarter worth $29,000. Vanguard Personalized Indexing Management LLC purchased a new stake in shares of Krispy Kreme in the second quarter valued at $30,000. R Squared Ltd bought a new stake in shares of Krispy Kreme in the 2nd quarter worth about $31,000. Prudential Financial Inc. bought a new stake in shares of Krispy Kreme in the 2nd quarter worth about $32,000. Finally, Russell Investments Group Ltd. boosted 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 during the period. Hedge funds and other institutional investors own 81.72% of the company’s stock.

Krispy Kreme Price Performance

NASDAQ:DNUT opened at $4.28 on Friday. The business’s 50-day moving average is $4.15 and its 200 day moving average is $3.69. Krispy Kreme has a 12 month low of $2.50 and a 12 month high of $9.56. The company has a market capitalization of $733.16 million, a P/E ratio of -1.43 and a beta of 1.32. 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 (NASDAQ:DNUT) last released its quarterly earnings results on Thursday, November 6th. The company reported $0.01 earnings per share 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 analysts’ expectations of $378.29 million. Krispy Kreme had a negative return on equity of 5.13% and a negative net margin of 33.27%.The firm’s revenue for the quarter was down 1.2% compared to the same quarter last year. During the same quarter last year, the business posted ($0.01) EPS. On average, equities research analysts forecast that Krispy Kreme will post 0.07 earnings per share for the current fiscal year.

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.