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

Key Points

• Krispy Kreme, Inc. has an average rating of "Hold" from nine research firms, with two sell ratings, four holds, and three buys.
• The average one-year price target for the stock is currently $6.80, showing a cautious outlook from analysts.
• The company reported a loss of $0.15 earnings per share for the last quarter, missing analysts' estimates and indicating a revenue decline of 13.5% year-over-year.

Krispy Kreme, Inc. (NASDAQ:DNUT - Get Free Report) has earned a consensus rating of "Hold" from the nine research firms that are presently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $6.80.

A number of equities research analysts recently weighed in on the company. Bank of America dropped their price objective on Krispy Kreme from $7.00 to $6.00 and set a "buy" rating on the stock in a research report on Friday, July 18th. BNP Paribas raised Krispy Kreme to a "hold" rating in a research report on Monday, July 21st. JPMorgan Chase & Co. reaffirmed an "underweight" rating on shares of Krispy Kreme in a research report on Wednesday, August 27th. BNP Paribas Exane downgraded Krispy Kreme from an "outperform" rating to a "neutral" rating and set a $3.50 price objective on the stock. in a research report on Monday, July 21st. Finally, Morgan Stanley decreased their price target on Krispy Kreme from $3.00 to $2.50 and set an "overweight" rating for the company in a research note on Monday, July 14th.

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. Ameriprise Financial Inc. purchased a new stake in Krispy Kreme in the fourth quarter valued at about $128,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Krispy Kreme by 13.1% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 166,373 shares of the company's stock worth $1,652,000 after purchasing an additional 19,295 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of Krispy Kreme by 1,440.9% in the first quarter. GAMMA Investing LLC now owns 9,338 shares of the company's stock worth $46,000 after purchasing an additional 8,732 shares during the last quarter. Rhumbline Advisers raised its stake 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 during the last quarter. Finally, SG Americas Securities LLC raised its stake 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 during the last quarter. 81.72% of the stock is currently owned by hedge funds and other institutional investors.

Krispy Kreme Price Performance

DNUT opened at $3.83 on Thursday. Krispy Kreme has a 12-month low of $2.50 and a 12-month high of $12.68. The company has a current ratio of 0.34, a quick ratio of 0.26 and a debt-to-equity ratio of 1.24. The business's fifty day simple moving average is $3.48 and its 200-day simple moving average is $3.62. The company has a market capitalization of $655.70 million, a price-to-earnings ratio of -1.45 and a beta of 1.34.

Krispy Kreme (NASDAQ:DNUT - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.05) by ($0.10). Krispy Kreme had a negative return on equity of 5.55% and a negative net margin of 29.33%.The firm had revenue of $379.77 million for the quarter, compared to the consensus estimate of $382.25 million. During the same period in the previous year, the company posted $0.05 EPS. Krispy Kreme's quarterly revenue was down 13.5% compared to the same quarter last year. On average, equities research analysts anticipate that Krispy Kreme will post 0.07 earnings per share for the current fiscal year.

About Krispy Kreme

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.

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