Krispy Kreme, Inc. (DNUT) - What Are Brokerages Saying About This Stock?

Key Points

• Analysts hold a consensus “Reduce” rating on Krispy Kreme, with three sell recommendations and two buys. The average 12-month price target is $4.33.
• DNUT opened at $2.96, near its 12-month low of $2.83 and below its 50-day and 200-day moving averages of $3.19 and $3.38, respectively.
• The latest quarter matched EPS expectations at a loss of $0.03, while revenue exceeded estimates at $331 million; however, revenue declined 12.8% year over year and analysts expect a full-year loss of $0.06 per share.

Krispy Kreme, Inc. (NASDAQ:DNUT - Get Free Report) has been assigned a consensus rating of "Reduce" from the five research firms that are covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation and two have issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $4.33.

DNUT has been the subject of several recent research reports. Zacks Research cut Krispy Kreme from a "hold" rating to a "strong sell" rating in a research report on Thursday, August 6th. Weiss Ratings raised Krispy Kreme from a "sell (e+)" rating to a "sell (d-)" rating in a research report on Friday, October 2nd. Evercore set a $4.00 target price on Krispy Kreme in a research report on Friday, August 7th. Finally, Wall Street Zen cut Krispy Kreme from a "hold" rating to a "sell" rating in a research note on Saturday, August 8th.

Krispy Kreme Stock Performance

DNUT opened at $2.96 on Monday. The stock has a market capitalization of $510.30 million, a P/E ratio of -5.29 and a beta of 1.25. The company has a current ratio of 0.36, a quick ratio of 0.29 and a debt-to-equity ratio of 1.28. Krispy Kreme has a 12 month low of $2.83 and a 12 month high of $5.11. The firm's fifty day simple moving average is $3.19 and its 200 day simple moving average is $3.38.

Krispy Kreme (NASDAQ:DNUT - Get Free Report) last released its earnings results on Thursday, August 6th. The company reported ($0.03) earnings per share (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 analysts' expectations of $303.35 million. During the same quarter in the prior year, the company earned ($0.15) EPS. 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 EPS for the current fiscal year.

Hedge Funds Weigh In On Krispy Kreme

Hedge funds have recently made changes to their positions in the business. Hsbc Holdings PLC acquired a new stake in Krispy Kreme in the 2nd quarter valued at $24,992,000. BlackRock Inc. bought a new stake in Krispy Kreme during the 2nd quarter worth about $23,353,000. AlpInvest Partners B.V. acquired a new position in shares of Krispy Kreme during the 2nd quarter worth about $2,231,000. Squarepoint Ops LLC boosted its stake in shares of Krispy Kreme by 138.5% during the 2nd quarter. Squarepoint Ops LLC now owns 566,309 shares of the company's stock worth $1,999,000 after buying an additional 328,885 shares during the last quarter. Finally, Lazard Asset Management LLC acquired a new position in shares of Krispy Kreme during the 1st quarter worth about $1,883,000. 81.72% of the stock is owned by institutional investors.

About Krispy Kreme

Krispy Kreme, Inc is a global doughnut and coffee company that produces and sells fresh doughnuts, packaged sweet treats, coffee and related beverages. Its signature Original Glazed doughnut is sold through Krispy Kreme shops, delivery channels, grocery retailers, convenience stores and other retail outlets.

Founded in Winston-Salem, North Carolina, in 1937 by Vernon Rudolph, Krispy Kreme has expanded from a regional doughnut maker into an international brand. The company serves customers through a combination of company-operated and franchised locations, as well as partnerships with retailers and other businesses.

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