Krispy Kreme (NASDAQ:DNUT) Stock Price Down 3.7% - Time to Sell?

Key Points

• Krispy Kreme's stock price fell by 3.7% during trading, closing at $3.96, amidst a significant drop in trading volume.
• Multiple analysts downgraded Krispy Kreme's stock ratings, with BNP Paribas Exane setting a new target price of $3.50 and several others issuing sell or hold ratings.
• The company reported a quarterly EPS of ($0.15), missing estimates by $0.10, and experienced a revenue decline of 13.5% compared to the same quarter last year.

Krispy Kreme, Inc. (NASDAQ:DNUT - Get Free Report)'s share price traded down 3.7% during mid-day trading on Friday . The company traded as low as $3.98 and last traded at $3.96. 1,843,509 shares changed hands during trading, a decline of 70% from the average session volume of 6,123,211 shares. The stock had previously closed at $4.11.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. BNP Paribas Exane cut Krispy Kreme from an "outperform" rating to a "neutral" rating and set a $3.50 target price for the company. in a research report on Monday, July 21st. JPMorgan Chase & Co. reiterated an "underweight" rating on shares of Krispy Kreme in a report on Wednesday, August 27th. Zacks Research lowered Krispy Kreme from a "hold" rating to a "strong sell" rating in a report on Monday, August 25th. Singular Research upgraded Krispy Kreme to a "moderate buy" rating in a report on Wednesday. Finally, Bank of America cut their price target on Krispy Kreme from $7.00 to $6.00 and set a "buy" rating for the company in a report on Friday, July 18th. Four research analysts have rated the stock with a Buy rating, five have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $6.45.

Krispy Kreme Stock Down 6.7%

The business has a 50 day moving average of $3.46 and a 200 day moving average of $3.44. 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 firm has a market capitalization of $656.55 million, a price-to-earnings ratio of -1.44 and a beta of 1.34.

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

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of DNUT. Capstone Financial Advisors Inc. acquired a new position in shares of Krispy Kreme in the second quarter valued at $29,000. Vanguard Personalized Indexing Management LLC bought a new stake in Krispy Kreme in the second quarter valued at $30,000. R Squared Ltd bought a new stake in Krispy Kreme in the second quarter valued at $31,000. Prudential Financial Inc. bought a new stake in Krispy Kreme in the second quarter valued at $32,000. Finally, Captrust Financial Advisors bought a new stake in Krispy Kreme in the second quarter valued at $34,000. 81.72% of the stock is currently owned by institutional investors and hedge funds.

Krispy Kreme Company Profile

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.