Krispy Kreme, Inc. (NASDAQ:DNUT) Receives Consensus Rating of "Reduce" from Analysts

Key Points

• Analysts maintain a “Reduce” consensus on Krispy Kreme, with three sell ratings and two buy ratings among five firms. The average 12-month price target is $4.33.
• Krispy Kreme reported quarterly revenue of $331 million, above the $303.35 million consensus estimate, while matching expectations with an adjusted loss of $0.03 per share; revenue declined 12.8% year over year.
• DNUT shares opened at $3.11, near the bottom of their $2.88–$5.11 one-year range, and institutional investors own approximately 81.72% of the stock.

Shares of Krispy Kreme, Inc. (NASDAQ:DNUT - Get Free Report) have been given an average rating of "Reduce" by the five research firms that are currently covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a sell rating and two have issued a buy rating on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $4.3333.

A number of research analysts recently issued reports on DNUT shares. Zacks Research downgraded Krispy Kreme from a "hold" rating to a "strong sell" rating in a research note on Thursday, August 6th. Evercore set a $4.00 price target on shares of Krispy Kreme in a research report on Friday, August 7th. Wall Street Zen cut shares of Krispy Kreme from a "hold" rating to a "sell" rating in a research note on Saturday, August 8th. Finally, Weiss Ratings downgraded shares of Krispy Kreme from a "sell (d-)" rating to a "sell (e+)" rating in a research report on Friday, September 11th.

Institutional Investors Weigh In On Krispy Kreme

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Allworth Financial LP purchased a new position in shares of Krispy Kreme in the second quarter valued at about $25,000. Apollon Wealth Management LLC purchased a new stake in Krispy Kreme during the 1st quarter valued at approximately $35,000. Coastal Bridge Advisors LLC purchased a new stake in Krispy Kreme during the 2nd quarter valued at approximately $37,000. Abel Hall LLC bought a new stake in shares of Krispy Kreme during the first quarter valued at approximately $45,000. Finally, Sequoia Financial Advisors LLC bought a new stake in shares of Krispy Kreme during the second quarter valued at approximately $56,000. 81.72% of the stock is owned by institutional investors.

Krispy Kreme Trading Down 0.3%

NASDAQ:DNUT opened at $3.11 on Thursday. Krispy Kreme has a one year low of $2.88 and a one year high of $5.11. The business has a fifty day moving average price of $3.30 and a 200-day moving average price of $3.45. The firm has a market capitalization of $536.16 million, a price-to-earnings ratio of -5.55 and a beta of 1.27. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.36 and a quick ratio of 0.29.

Krispy Kreme (NASDAQ:DNUT - Get Free Report) last released its earnings results on Thursday, August 6th. The company reported ($0.03) earnings per share for the quarter, meeting the consensus estimate of ($0.03). The company had revenue of $331.00 million for the quarter, compared to the consensus estimate of $303.35 million. Krispy Kreme had a negative return on equity of 1.17% and a negative net margin of 6.16%.Krispy Kreme's quarterly revenue was down 12.8% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.15) earnings per share. Sell-side analysts forecast that Krispy Kreme will post -0.06 EPS for the current year.

Krispy Kreme Company Profile

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.

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