Krispy Kreme (NASDAQ:DNUT) Stock Price Up 4.3% - What's Next?

Key Points

• Krispy Kreme's stock price rose 4.3% to close at $3.73, despite a 36% decline in trading volume compared to the average.
• Analysts have mixed opinions on the stock, with three Buy ratings, four Hold ratings, and two Sell ratings, leading to a consensus rating of "Hold" with a price target of $6.80.
• The company's recent earnings report revealed a loss of ($0.15) EPS, missing estimates significantly, and a 13.5% year-over-year revenue decline.

Krispy Kreme, Inc. (NASDAQ:DNUT - Get Free Report) shares rose 4.3% during trading on Tuesday . The company traded as high as $3.71 and last traded at $3.73. Approximately 3,405,978 shares changed hands during trading, a decline of 36% from the average daily volume of 5,308,264 shares. The stock had previously closed at $3.57.

Wall Street Analyst Weigh In

DNUT has been the subject of a number of analyst reports. BNP Paribas Exane cut 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 note on Monday, July 21st. JPMorgan Chase & Co. restated an "underweight" rating on shares of Krispy Kreme in a research note on Wednesday, August 27th. Zacks Research lowered shares of Krispy Kreme from a "hold" rating to a "strong sell" rating in a report on Monday, August 25th. BNP Paribas raised shares of Krispy Kreme to a "hold" rating in a report on Monday, July 21st. Finally, Bank of America dropped their price objective on shares of Krispy Kreme from $7.00 to $6.00 and set a "buy" rating for the company in a report on Friday, July 18th. Three investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Krispy Kreme has a consensus rating of "Hold" and a consensus price target of $6.80.

Krispy Kreme Trading Up 8.4%

The company has a quick ratio of 0.26, a current ratio of 0.34 and a debt-to-equity ratio of 1.24. The firm has a market cap of $662.54 million, a price-to-earnings ratio of -1.46 and a beta of 1.32. The business's fifty day moving average is $3.50 and its two-hundred day moving average is $3.62.

Krispy Kreme (NASDAQ:DNUT - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported ($0.15) earnings per share for the quarter, missing analysts' consensus estimates of ($0.05) by ($0.10). The company 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% on a year-over-year basis. During the same period in the prior year, the business earned $0.05 EPS. Equities analysts anticipate that Krispy Kreme, Inc. will post 0.07 earnings per share for the current fiscal year.

Institutional Trading of Krispy Kreme

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. IFP Advisors Inc increased its holdings in shares of Krispy Kreme by 34.5% in the second quarter. IFP Advisors Inc now owns 12,378 shares of the company's stock valued at $36,000 after purchasing an additional 3,178 shares in the last quarter. Rhumbline Advisers grew its holdings in Krispy Kreme by 3.2% during the 1st quarter. Rhumbline Advisers now owns 122,856 shares of the company's stock worth $604,000 after acquiring an additional 3,773 shares during the period. Gabelli Funds LLC grew its holdings in Krispy Kreme by 9.1% during the 1st quarter. Gabelli Funds LLC now owns 72,000 shares of the company's stock worth $354,000 after acquiring an additional 6,000 shares during the period. Vident Advisory LLC grew its holdings in Krispy Kreme by 45.1% during the 1st quarter. Vident Advisory LLC now owns 20,720 shares of the company's stock worth $102,000 after acquiring an additional 6,444 shares during the period. Finally, Gamco Investors INC. ET AL grew its holdings in Krispy Kreme by 29.2% during the 1st quarter. Gamco Investors INC. ET AL now owns 31,000 shares of the company's stock worth $153,000 after acquiring an additional 7,000 shares during the period. Institutional investors and hedge funds own 81.72% of the company's stock.

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.

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