Krispy Kreme, Inc. (NASDAQ:DNUT) Receives Consensus Recommendation of "Hold" from Brokerages

Key Points

• Krispy Kreme, Inc. has received a consensus rating of "Hold" from nine analysts, with six holding and three assigning buy ratings, and an average 1-year price target of $7.5750.
• The company reported a loss of ($0.15) earnings per share for the last quarter, missing estimates, with revenue down 13.5% year-over-year.
• Institutional investors own 81.72% of Krispy Kreme's stock, with notable increases in holdings from Spartan Fund Management and GAMMA Investing in recent quarters.

Krispy Kreme, Inc. (NASDAQ:DNUT - Get Free Report) has been given a consensus recommendation of "Hold" by the nine research firms that are covering the firm, MarketBeat reports. Six investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $7.5750.

Several equities analysts recently commented on the stock. BNP Paribas raised shares of Krispy Kreme to a "hold" rating in a research report on Monday, July 21st. Bank of America dropped their price objective on Krispy Kreme from $7.00 to $6.00 and set a "buy" rating for the company in a report on Friday, July 18th. BNP Paribas Exane lowered Krispy Kreme from an "outperform" rating to a "neutral" rating and set a $3.50 target price on the stock. in a research report on Monday, July 21st. Morgan Stanley lowered their price target on Krispy Kreme from $3.00 to $2.50 and set an "overweight" rating for the company in a research report on Monday, July 14th. Finally, Citigroup cut their price objective on Krispy Kreme from $4.75 to $3.60 and set a "neutral" rating on the stock in a report on Friday, May 9th.

Krispy Kreme Price Performance

Shares of Krispy Kreme stock traded down $0.02 on Wednesday, hitting $3.48. The company's stock had a trading volume of 2,407,789 shares, compared to its average volume of 5,504,649. The company has a market capitalization of $595.78 million, a P/E ratio of -1.31 and a beta of 1.32. Krispy Kreme has a 52-week low of $2.50 and a 52-week high of $12.68. The firm has a fifty day moving average price of $3.23 and a 200-day moving average price of $4.62. The company has a quick ratio of 0.28, a current ratio of 0.34 and a debt-to-equity ratio of 1.24.

Krispy Kreme (NASDAQ:DNUT - Get Free Report) last released its quarterly earnings results 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 company had revenue of $379.77 million during the quarter, compared to analyst estimates of $382.25 million. Krispy Kreme had a negative return on equity of 5.55% and a negative net margin of 29.33%. The business's revenue was down 13.5% compared to the same quarter last year. During the same period last year, the firm earned $0.05 earnings per share. On average, equities research analysts expect that Krispy Kreme will post 0.07 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Krispy Kreme

Institutional investors and hedge funds have recently bought and sold shares of the business. D. E. Shaw & Co. Inc. lifted its stake in Krispy Kreme by 138.8% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 165,400 shares of the company's stock valued at $1,642,000 after buying an additional 96,126 shares in the last quarter. SG Americas Securities LLC lifted its position in shares of Krispy Kreme by 275.1% in the first quarter. SG Americas Securities LLC now owns 314,630 shares of the company's stock worth $1,548,000 after purchasing an additional 230,761 shares in the last quarter. Bamco Inc. NY lifted its position in shares of Krispy Kreme by 24.7% in the fourth quarter. Bamco Inc. NY now owns 13,069,717 shares of the company's stock worth $129,782,000 after purchasing an additional 2,588,398 shares in the last quarter. Deutsche Bank AG lifted its position in shares of Krispy Kreme by 46.9% in the fourth quarter. Deutsche Bank AG now owns 76,707 shares of the company's stock worth $762,000 after purchasing an additional 24,481 shares in the last quarter. Finally, Rhumbline Advisers lifted its position in shares of Krispy Kreme by 3.2% in the first quarter. Rhumbline Advisers now owns 122,856 shares of the company's stock worth $604,000 after purchasing an additional 3,773 shares in the last quarter. 81.72% of the stock is owned by institutional investors and hedge funds.

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.