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

Key Points

• Krispy Kreme, Inc. (NASDAQ:DNUT) has an average analyst rating of "Hold", with two sell ratings, four hold ratings, and three buy ratings among the nine ratings firms covering the stock.
• Recently, the company's earnings report showed a loss of ($0.15) per share, falling short of analyst expectations, with quarterly revenue down 13.5% year-over-year.
• Krispy Kreme's current market capitalization stands at $578.66 million, and the stock opened at $3.38, reflecting a volatile price trend over the last year.

Krispy Kreme, Inc. (NASDAQ:DNUT - Get Free Report) has received an average rating of "Hold" from the nine ratings firms that are presently covering the company, MarketBeat reports. Two analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $6.80.

A number of analysts have weighed in on DNUT shares. JPMorgan Chase & Co. reissued an "underweight" rating on shares of Krispy Kreme in a report on Wednesday, August 27th. Bank of America dropped their target price on shares of Krispy Kreme from $7.00 to $6.00 and set a "buy" rating on the stock in a report on Friday, July 18th. BNP Paribas Exane cut shares of Krispy Kreme from an "outperform" rating to a "neutral" rating and set a $3.50 target price on the stock. in a report on Monday, July 21st. Zacks Research cut shares of Krispy Kreme from a "hold" rating to a "strong sell" rating in a report on Monday, August 25th. Finally, Morgan Stanley dropped their price objective on shares of Krispy Kreme from $3.00 to $2.50 and set an "overweight" rating on the stock in a report on Monday, July 14th.

Krispy Kreme Trading Down 0.6%

DNUT opened at $3.38 on Friday. The stock has a market capitalization of $578.66 million, a PE ratio of -1.28 and a beta of 1.32. The firm's fifty day moving average price is $3.49 and its 200 day moving average price is $4.00. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.34 and a quick ratio of 0.26. Krispy Kreme has a 12-month low of $2.50 and a 12-month high of $12.68.

Krispy Kreme (NASDAQ:DNUT - Get Free Report) last issued its 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 business had revenue of $379.77 million for 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 firm's revenue for the quarter was down 13.5% on a year-over-year basis. During the same period last year, the company posted $0.05 earnings per share. As a group, research analysts expect that Krispy Kreme will post 0.07 EPS for the current fiscal year.

Institutional Trading of Krispy Kreme

Large investors have recently modified their holdings of the company. GAMMA Investing LLC increased its holdings in shares of Krispy Kreme by 1,440.9% in the 1st quarter. GAMMA Investing LLC now owns 9,338 shares of the company's stock worth $46,000 after acquiring an additional 8,732 shares during the period. Capstone Financial Advisors Inc. acquired a new stake in shares of Krispy Kreme in the 2nd quarter worth about $29,000. Vanguard Personalized Indexing Management LLC acquired a new stake in shares of Krispy Kreme in the 2nd quarter worth about $30,000. Malaga Cove Capital LLC acquired a new stake in shares of Krispy Kreme in the 1st quarter worth about $51,000. Finally, R Squared Ltd bought a new position in Krispy Kreme in the 2nd quarter valued at about $31,000. Institutional investors and hedge funds own 81.72% of the company's stock.

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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