Krispy Kreme (NASDAQ:DNUT) Shares Gap Up - What's Next?

Key Points

• Krispy Kreme shares opened at $3.35 after previously closing at $3.15, with recent trading at $3.46 and a trading volume of 2,074,041 shares.
• Analysts have mixed ratings for Krispy Kreme, with a consensus rating of "Hold" and a price target of $6.80, while some have recently downgraded the stock.
• The company reported a quarterly loss of ($0.15) EPS, missing estimates and reflecting a 13.5% year-over-year revenue decline with a net margin of -29.33%.

Shares of Krispy Kreme, Inc. (NASDAQ:DNUT - Get Free Report) gapped up before the market opened on Thursday . The stock had previously closed at $3.15, but opened at $3.35. Krispy Kreme shares last traded at $3.46, with a volume of 2,074,041 shares changing hands.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on DNUT shares. BNP Paribas Exane lowered shares of Krispy Kreme from an "outperform" rating to a "neutral" rating and set a $3.50 price target on the stock. in a research report on Monday, July 21st. Zacks Research lowered shares of Krispy Kreme from a "hold" rating to a "strong sell" rating in a research report on Monday, August 25th. Morgan Stanley reduced their price target on shares of Krispy Kreme from $3.00 to $2.50 and set an "overweight" rating on the stock in a research report on Monday, July 14th. JPMorgan Chase & Co. reaffirmed an "underweight" rating on shares of Krispy Kreme in a research report on Wednesday, August 27th. Finally, BNP Paribas raised shares of Krispy Kreme to a "hold" rating in a research report on Monday, July 21st. Three research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $6.80.

Krispy Kreme Stock Up 11.6%

The company has a debt-to-equity ratio of 1.24, a current ratio of 0.34 and a quick ratio of 0.26. The company has a market cap of $601.77 million, a price-to-earnings ratio of -1.33 and a beta of 1.32. The firm's 50 day simple moving average is $3.47 and its 200-day simple moving average is $3.78.

Krispy Kreme (NASDAQ:DNUT - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported ($0.15) earnings per share (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 company had revenue of $379.77 million during the quarter, compared to analyst estimates of $382.25 million. During the same quarter in the prior year, the company earned $0.05 EPS. The business's revenue was down 13.5% on a year-over-year basis. As a group, sell-side analysts anticipate that Krispy Kreme, Inc. will post 0.07 earnings per share for the current year.

Institutional Investors Weigh In On Krispy Kreme

Several hedge funds have recently made changes to their positions in DNUT. Ameriprise Financial Inc. acquired a new stake in shares of Krispy Kreme during the fourth quarter worth about $128,000. D. E. Shaw & Co. Inc. boosted its stake in shares of Krispy Kreme by 138.8% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 165,400 shares of the company's stock worth $1,642,000 after buying an additional 96,126 shares during the period. Deutsche Bank AG lifted its position in Krispy Kreme by 46.9% in the fourth quarter. Deutsche Bank AG now owns 76,707 shares of the company's stock valued at $762,000 after purchasing an additional 24,481 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Krispy Kreme by 3.6% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 48,683 shares of the company's stock valued at $483,000 after purchasing an additional 1,707 shares during the period. Finally, ProShare Advisors LLC lifted its position in Krispy Kreme by 49.0% in the fourth quarter. ProShare Advisors LLC now owns 24,094 shares of the company's stock valued at $239,000 after purchasing an additional 7,927 shares during the period. 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.

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.