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

Krispy Kreme, Inc. (NASDAQ:DNUT) has earned an average rating of “Hold” from the eleven ratings firms that are currently covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $5.5857.

Several analysts have issued reports on the company. Zacks Research upgraded Krispy Kreme from a “strong sell” rating to a “hold” rating in a research note on Monday, December 22nd. Morgan Stanley reiterated an “underweight” rating and issued a $3.00 target price on shares of Krispy Kreme in a research report on Tuesday, January 20th. Wall Street Zen raised Krispy Kreme from a “sell” rating to a “hold” rating in a research report on Saturday, January 17th. Singular Research upgraded Krispy Kreme to a “moderate buy” rating in a research note on Wednesday, October 22nd. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Krispy Kreme in a report on Monday, December 29th.

Institutional Investors Weigh In On Krispy Kreme

Institutional investors have recently modified their holdings of the business. Marshall Wace LLP acquired a new stake in Krispy Kreme during the third quarter worth about $11,704,000. Balyasny Asset Management L.P. grew its holdings in shares of Krispy Kreme by 419.2% during the third quarter. Balyasny Asset Management L.P. now owns 2,795,546 shares of the company’s stock valued at $10,819,000 after purchasing an additional 2,257,061 shares during the last quarter. Millennium Management LLC grew its holdings in shares of Krispy Kreme by 522.1% during the first quarter. Millennium Management LLC now owns 2,093,416 shares of the company’s stock valued at $10,300,000 after purchasing an additional 1,756,932 shares during the last quarter. Federated Hermes Inc. raised its position in shares of Krispy Kreme by 78.9% during the 2nd quarter. Federated Hermes Inc. now owns 3,007,345 shares of the company’s stock worth $8,751,000 after purchasing an additional 1,326,212 shares during the period. Finally, Divisadero Street Capital Management LP lifted its holdings in shares of Krispy Kreme by 117.9% in the 3rd quarter. Divisadero Street Capital Management LP now owns 1,089,341 shares of the company’s stock worth $4,216,000 after purchasing an additional 589,341 shares during the last quarter. Institutional investors own 81.72% of the company’s stock.

Krispy Kreme Price Performance

Shares of DNUT stock opened at $3.11 on Wednesday. The firm has a market cap of $532.74 million, a P/E ratio of -1.04 and a beta of 1.31. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.36 and a quick ratio of 0.30. Krispy Kreme has a 1-year low of $2.50 and a 1-year high of $9.43. The firm has a fifty day moving average of $4.02 and a two-hundred day moving average of $3.75.

Krispy Kreme (NASDAQ:DNUT) last issued its earnings results on Thursday, November 6th. The company reported $0.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.07. Krispy Kreme had a negative net margin of 33.27% and a negative return on equity of 5.13%. The business had revenue of $375.30 million for the quarter, compared to analyst estimates of $378.29 million. During the same quarter in the prior year, the business posted ($0.01) EPS. The company’s revenue for the quarter was down 1.2% on a year-over-year basis. As a group, research analysts anticipate 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.