Krispy Kreme (NASDAQ:DNUT) Sees Strong Trading Volume - Time to Buy?

Key Points

• Krispy Kreme saw a trading volume of approximately 4.53 million shares on Thursday, a decline of 25% from the previous day's volume of over 6 million shares, with the stock last trading at $4.20.
• Analysts have mixed opinions on Krispy Kreme, with ratings ranging from buy to strong sell, and a consensus target price of $6.45.
• The company reported a loss of ($0.15) EPS for the most recent quarter, missing estimates, with a revenue of $379.77 million, marking a 13.5% decline year-over-year.

Krispy Kreme, Inc. (NASDAQ:DNUT - Get Free Report) shares saw unusually-high trading volume on Thursday . Approximately 4,528,905 shares traded hands during trading, a decline of 25% from the previous session's volume of 6,046,922 shares.The stock last traded at $4.20 and had previously closed at $4.03.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. BNP Paribas Exane lowered shares of Krispy Kreme from an "outperform" rating to a "neutral" rating and set a $3.50 price target for the company. in a research report on Monday, July 21st. JPMorgan Chase & Co. reissued an "underweight" rating on shares of Krispy Kreme in a report on Wednesday, August 27th. BNP Paribas raised Krispy Kreme to a "hold" rating in a report on Monday, July 21st. Zacks Research cut Krispy Kreme from a "hold" rating to a "strong sell" rating in a research report on Monday, August 25th. Finally, Capital One Financial reduced their price target on Krispy Kreme from $6.00 to $4.00 and set an "equal weight" rating for the company in a research report on Thursday, October 2nd. Three investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $6.45.

Krispy Kreme Trading Down 0.9%

The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.26 and a current ratio of 0.34. The company has a 50 day moving average of $3.45 and a two-hundred day moving average of $3.45. The stock has a market cap of $683.94 million, a PE ratio of -1.51 and a beta of 1.34.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in DNUT. Capstone Financial Advisors Inc. acquired a new position in Krispy Kreme during the second quarter worth $29,000. Vanguard Personalized Indexing Management LLC purchased a new stake in shares of Krispy Kreme during the second quarter worth about $30,000. R Squared Ltd purchased a new stake in shares of Krispy Kreme during the second quarter worth about $31,000. Prudential Financial Inc. acquired a new stake in Krispy Kreme in the 2nd quarter worth about $32,000. Finally, Captrust Financial Advisors acquired a new stake in Krispy Kreme in the 2nd quarter worth about $34,000. Hedge funds and other institutional investors 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.