Krispy Kreme, Inc. (NASDAQ:DNUT - Get Free Report) shares dropped 8.9% during trading on Monday . The stock traded as low as $4.06 and last traded at $4.03. Approximately 4,067,796 shares changed hands during trading, a decline of 26% from the average daily volume of 5,477,066 shares. The stock had previously closed at $4.42.
Analyst Upgrades and Downgrades
A number of equities research analysts have weighed in on the company. Bank of America reduced their price objective on Krispy Kreme from $7.00 to $6.00 and set a "buy" rating for the company in a research note 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. Citigroup cut their target price on shares of Krispy Kreme from $4.75 to $3.60 and set a "neutral" rating on the stock in a report on Friday, May 9th. Truist Financial cut shares of Krispy Kreme from a "buy" rating to a "hold" rating in a report on Thursday, May 8th. Finally, BNP Paribas raised shares of Krispy Kreme to a "hold" rating in a report on Monday, July 21st. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $7.58.
Check Out Our Latest Research Report on Krispy Kreme
Krispy Kreme Trading Down 5.0%
The business's 50-day moving average is $3.14 and its two-hundred day moving average is $5.00. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.28 and a current ratio of 0.35. The stock has a market capitalization of $587.06 million, a PE ratio of -26.46 and a beta of 1.29.
Krispy Kreme (NASDAQ:DNUT - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported ($0.05) earnings per share for the quarter, meeting 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 during the quarter, compared to analysts' expectations of $383.97 million. During the same quarter last year, the business posted $0.07 earnings per share. The business's revenue for the quarter was down 15.2% on a year-over-year basis. As a group, equities research analysts anticipate that Krispy Kreme, Inc. will post 0.07 earnings per share for the current year.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in DNUT. Sei Investments Co. raised its stake in Krispy Kreme by 491.7% in the 4th quarter. Sei Investments Co. now owns 121,297 shares of the company's stock valued at $1,204,000 after purchasing an additional 100,796 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new position in shares of Krispy Kreme in the 4th quarter valued at about $193,000. Geode Capital Management LLC grew its holdings in shares of Krispy Kreme by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 2,110,288 shares of the company's stock worth $20,960,000 after purchasing an additional 10,643 shares during the period. Wells Fargo & Company MN increased its position in Krispy Kreme by 100.9% during the 4th quarter. Wells Fargo & Company MN now owns 229,352 shares of the company's stock worth $2,277,000 after purchasing an additional 115,177 shares in the last quarter. Finally, Quinn Opportunity Partners LLC lifted its position in Krispy Kreme by 10.9% during the fourth quarter. Quinn Opportunity Partners LLC now owns 50,754 shares of the company's stock valued at $504,000 after buying an additional 5,000 shares in the last quarter. Institutional investors and hedge funds own 81.72% of the company's stock.
Krispy Kreme Company Profile
(
Get Free Report)
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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