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

Shares of Krispy Kreme, Inc. (NASDAQ:DNUT - Get Free Report) have been assigned an average recommendation of "Hold" from the nine analysts that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating, three have given a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $10.58.

Several equities analysts have issued reports on DNUT shares. JPMorgan Chase & Co. reiterated a "neutral" rating on shares of Krispy Kreme in a research note on Wednesday, May 14th. Citigroup cut their target price on Krispy Kreme from $4.75 to $3.60 and set a "neutral" rating on the stock in a research note on Friday, May 9th. Piper Sandler cut their target price on Krispy Kreme from $18.00 to $12.00 and set an "overweight" rating on the stock in a research note on Wednesday, February 26th. Morgan Stanley lowered Krispy Kreme from an "equal weight" rating to an "underweight" rating and cut their target price for the company from $12.00 to $6.00 in a research note on Wednesday, February 26th. Finally, Truist Financial downgraded Krispy Kreme from a "buy" rating to a "hold" rating in a report on Thursday, May 8th.

Insider Transactions at Krispy Kreme

In related news, major shareholder Indulgence B.V. Jab sold 694,445 shares of the company's stock in a transaction that occurred on Wednesday, April 23rd. The stock was sold at an average price of $4.32, for a total value of $3,000,002.40. Following the sale, the insider now owns 74,190,990 shares in the company, valued at $320,505,076.80. This represents a 0.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 3.00% of the company's stock.

Institutional Investors Weigh In On Krispy Kreme

Large investors have recently bought and sold shares of the company. GAMMA Investing LLC boosted its position in Krispy Kreme by 1,440.9% in the first quarter. GAMMA Investing LLC now owns 9,338 shares of the company's stock valued at $46,000 after buying an additional 8,732 shares during the last quarter. Spartan Fund Management Inc. lifted its holdings in Krispy Kreme by 150.0% in the fourth quarter. Spartan Fund Management Inc. now owns 5,000 shares of the company's stock valued at $50,000 after acquiring an additional 3,000 shares during the period. Malaga Cove Capital LLC acquired a new position in Krispy Kreme in the first quarter valued at approximately $51,000. Teacher Retirement System of Texas acquired a new position in Krispy Kreme in the first quarter valued at approximately $61,000. Finally, Vident Advisory LLC lifted its holdings in Krispy Kreme by 45.1% in the first quarter. Vident Advisory LLC now owns 20,720 shares of the company's stock valued at $102,000 after acquiring an additional 6,444 shares during the period. Hedge funds and other institutional investors own 81.72% of the company's stock.

Krispy Kreme Price Performance

DNUT opened at $2.62 on Tuesday. Krispy Kreme has a 12-month low of $2.57 and a 12-month high of $12.68. The company has a current ratio of 0.35, a quick ratio of 0.28 and a debt-to-equity ratio of 0.83. The business's fifty day simple moving average is $3.37 and its 200-day simple moving average is $6.17. The company has a market capitalization of $447.13 million, a price-to-earnings ratio of -20.15 and a beta of 1.31.

Krispy Kreme (NASDAQ:DNUT - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The company reported ($0.05) earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of ($0.05). Krispy Kreme had a negative return on equity of 2.13% and a negative net margin of 1.36%. The business had revenue of $375.18 million for the quarter, compared to the consensus estimate of $383.97 million. During the same quarter in the prior year, the company earned $0.07 EPS. The business's revenue was down 15.2% 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.

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.

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