Krispy Kreme, Inc. (NASDAQ:DNUT - Get Free Report) shares gapped down prior to trading on Thursday . The stock had previously closed at $4.32, but opened at $4.12. Krispy Kreme shares last traded at $4.45, with a volume of 17,402,972 shares trading hands.
Analysts Set New Price Targets
A number of analysts recently commented on DNUT shares. Morgan Stanley decreased 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. Truist Financial lowered Krispy Kreme from a "buy" rating to a "hold" rating in a research note on Thursday, May 8th. Bank of America dropped 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. Citigroup reduced their price objective on Krispy Kreme from $4.75 to $3.60 and set a "neutral" rating for the company in a report on Friday, May 9th. Finally, JPMorgan Chase & Co. reissued a "neutral" rating on shares of Krispy Kreme in a report on Wednesday, May 14th. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Krispy Kreme currently has a consensus rating of "Hold" and a consensus target price of $7.58.
View Our Latest Analysis on Krispy Kreme
Krispy Kreme Trading Down 0.2%
The stock has a market cap of $735.54 million, a price-to-earnings ratio of -33.15 and a beta of 1.29. The business has a fifty day simple moving average of $3.03 and a 200 day simple moving average of $5.22. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.28 and a current ratio of 0.35.
Krispy Kreme (NASDAQ:DNUT - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported ($0.05) EPS for the quarter, hitting analysts' consensus estimates of ($0.05). The firm had revenue of $375.18 million during the quarter, compared to analysts' expectations of $383.97 million. Krispy Kreme had a negative return on equity of 2.13% and a negative net margin of 1.36%. The firm's quarterly revenue was down 15.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.07 EPS. As a group, equities analysts anticipate that Krispy Kreme, Inc. will post 0.07 EPS for the current year.
Hedge Funds Weigh In On Krispy Kreme
A number of institutional investors have recently modified their holdings of DNUT. BNP Paribas Financial Markets purchased a new stake in Krispy Kreme in the 4th quarter worth approximately $152,305,000. Bamco Inc. NY grew its position in shares of Krispy Kreme by 24.7% in the fourth quarter. Bamco Inc. NY now owns 13,069,717 shares of the company's stock valued at $129,782,000 after purchasing an additional 2,588,398 shares during the period. Cooper Creek Partners Management LLC increased its stake in Krispy Kreme by 43.0% in the fourth quarter. Cooper Creek Partners Management LLC now owns 7,264,760 shares of the company's stock valued at $72,139,000 after purchasing an additional 2,186,136 shares during the last quarter. Millennium Management LLC increased its stake in Krispy Kreme by 522.1% in the first quarter. Millennium Management LLC now owns 2,093,416 shares of the company's stock valued at $10,300,000 after purchasing an additional 1,756,932 shares during the last quarter. Finally, Federated Hermes Inc. purchased a new position in Krispy Kreme during the first quarter worth about $8,271,000. 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.
Further Reading
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