Krispy Kreme (NASDAQ:DNUT – Get Rating) updated its FY22 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $0.29-$0.32 for the period, compared to the consensus estimate of $0.41. The company issued revenue guidance of $1.49-$1.52 billion, compared to the consensus revenue estimate of $1.56 billion.
Wall Street Analysts Forecast Growth
Several brokerages have recently commented on DNUT. Citigroup decreased their target price on Krispy Kreme from $16.00 to $15.00 and set a neutral rating for the company in a research report on Thursday, May 12th. HSBC upgraded shares of Krispy Kreme from a hold rating to a buy rating and set a $17.00 price target on the stock in a research report on Friday, May 13th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Krispy Kreme from $16.00 to $14.00 in a research note on Thursday, May 12th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of Hold and an average target price of $16.57.
Krispy Kreme Stock Performance
NASDAQ:DNUT traded down $2.13 during mid-day trading on Wednesday, hitting $12.39. The stock had a trading volume of 154,095 shares, compared to its average volume of 625,459. The company has a current ratio of 0.30, a quick ratio of 0.22 and a debt-to-equity ratio of 0.50. The company has a 50 day simple moving average of $13.99 and a 200-day simple moving average of $14.12. The stock has a market capitalization of $2.07 billion and a price-to-earnings ratio of -91.71. Krispy Kreme has a 52 week low of $11.98 and a 52 week high of $19.55.
Hedge Funds Weigh In On Krispy Kreme
About Krispy Kreme
Krispy Kreme, Inc, together with its subsidiaries, operates through an omni-channel business model to provide doughnut experiences and produce doughnuts. The company operates through three segments: U.S. and Canada, International, and Market Development. It also produces cookies, brownies, cookie cakes, ice cream, cookie-wiches, and cold milk, as well as doughnut mixes, other ingredients, and doughnut-making equipment.
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