Krispy Kreme (NASDAQ:DNUT) Stock Rating Upgraded by BNP Paribas

Krispy Kreme (NASDAQ:DNUT - Get Free Report) was upgraded by equities researchers at BNP Paribas to a "hold" rating in a report issued on Monday,Zacks.com reports.

DNUT has been the topic of a number of other research reports. Truist Financial cut Krispy Kreme from a "buy" rating to a "hold" rating in a research note on Thursday, May 8th. JPMorgan Chase & Co. reaffirmed a "neutral" rating on shares of Krispy Kreme in a research note on Wednesday, May 14th. Citigroup cut their target price on Krispy Kreme from $4.75 to $3.60 and set a "neutral" rating on the stock in a research note on Friday, May 9th. Bank of America decreased their price target on shares of Krispy Kreme from $7.00 to $6.00 and set a "buy" rating for the company in a research note on Friday, July 18th. Finally, BNP Paribas Exane downgraded 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. Six analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $8.29.

Krispy Kreme Price Performance

Shares of NASDAQ:DNUT opened at $4.13 on Monday. Krispy Kreme has a fifty-two week low of $2.50 and a fifty-two week high of $12.68. The business has a 50-day simple moving average of $2.98 and a two-hundred day simple moving average of $5.28. 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 firm has a market cap of $704.83 million, a price-to-earnings ratio of -31.77 and a beta of 1.29.

Krispy Kreme (NASDAQ:DNUT - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported ($0.05) earnings per share (EPS) 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 company had revenue of $375.18 million during the quarter, compared to the consensus estimate of $383.97 million. During the same period in the previous year, the company posted $0.07 EPS. The firm's revenue was down 15.2% on a year-over-year basis. On average, analysts expect that Krispy Kreme will post 0.07 earnings per share for the current year.

Institutional Trading of Krispy Kreme

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. BNP Paribas Financial Markets acquired a new position in shares of Krispy Kreme in the 4th quarter worth approximately $152,305,000. Bamco Inc. NY grew its holdings 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 in the last quarter. Cooper Creek Partners Management LLC grew its holdings in shares of 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 in the last quarter. Millennium Management LLC grew its holdings in shares of 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 in the last quarter. Finally, Federated Hermes Inc. acquired a new position in shares of Krispy Kreme in the first quarter valued at approximately $8,271,000. 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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