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

Krispy Kreme, Inc. (NASDAQ:DNUT) has been given a consensus rating of “Hold” by the nine research firms that are presently covering the company, MarketBeat.com reports. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $7.5750.

A number of brokerages have recently weighed in on DNUT. BNP Paribas upgraded shares of Krispy Kreme to a “hold” rating in a report on Monday, July 21st. BNP Paribas Exane lowered shares of Krispy Kreme from an “outperform” rating to a “neutral” rating and set a $3.50 price objective for the company. in a report on Monday, July 21st. Truist Financial lowered shares of Krispy Kreme from a “buy” rating to a “hold” rating in a report on Thursday, May 8th. Citigroup lowered their price objective on shares of Krispy Kreme from $4.75 to $3.60 and set a “neutral” rating for the company in a report on Friday, May 9th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Krispy Kreme in a report on Wednesday, May 14th.

Krispy Kreme Trading Up 3.4%

Shares of Krispy Kreme stock opened at $3.31 on Wednesday. The firm has a market cap of $566.67 million, a PE ratio of -1.25 and a beta of 1.32. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.34 and a quick ratio of 0.28. Krispy Kreme has a 1 year low of $2.50 and a 1 year high of $12.68. The company has a 50 day simple moving average of $3.21 and a two-hundred day simple moving average of $4.67.

Krispy Kreme (NASDAQ:DNUT) last announced its quarterly earnings data on Thursday, August 7th. The company reported ($0.15) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.10). The business had revenue of $379.77 million during the quarter, compared to the consensus estimate of $382.25 million. Krispy Kreme had a negative return on equity of 5.55% and a negative net margin of 29.33%. The company’s revenue was down 13.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.05 earnings per share. Analysts expect that Krispy Kreme will post 0.07 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Krispy Kreme

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DNUT. Capstone Financial Advisors Inc. bought a new stake in Krispy Kreme during the 2nd quarter valued at $29,000. Vanguard Personalized Indexing Management LLC purchased a new position in Krispy Kreme during the 2nd quarter valued at $30,000. R Squared Ltd purchased a new position in Krispy Kreme during the 2nd quarter valued at $31,000. Prudential Financial Inc. purchased a new position in Krispy Kreme during the 2nd quarter valued at $32,000. Finally, IFP Advisors Inc increased its position in Krispy Kreme by 34.5% during the 2nd quarter. IFP Advisors Inc now owns 12,378 shares of the company’s stock valued at $36,000 after purchasing an additional 3,178 shares during the period. 81.72% of the stock is currently owned by institutional investors.

Krispy Kreme Company Profile

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.