Krispy Kreme (NASDAQ:DNUT) Stock Price Down 5.4% – Time to Sell?

Krispy Kreme, Inc. (NASDAQ:DNUT)’s share price traded down 5.4% during mid-day trading on Thursday . The company traded as low as $4.44 and last traded at $4.4450. 3,773,305 shares changed hands during trading, a decline of 37% from the average session volume of 6,008,130 shares. The stock had previously closed at $4.70.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on DNUT. Zacks Research cut shares of Krispy Kreme from a “hold” rating to a “strong sell” rating in a research report on Monday, August 25th. Capital One Financial dropped their price objective on shares of Krispy Kreme from $6.00 to $4.00 and set an “equal weight” rating for the company in a research note on Thursday, October 2nd. Singular Research raised shares of Krispy Kreme to a “moderate buy” rating in a research note on Wednesday, October 22nd. JPMorgan Chase & Co. restated an “underweight” rating on shares of Krispy Kreme in a report on Wednesday, August 27th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Krispy Kreme in a report on Monday. Four investment analysts have rated the stock with a Buy rating, five have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, Krispy Kreme has an average rating of “Hold” and an average target price of $5.51.

Krispy Kreme Stock Performance

The firm’s 50 day moving average price is $3.86 and its two-hundred day moving average price is $3.48. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.30 and a current ratio of 0.36. The firm has a market cap of $758.86 million, a PE ratio of -1.48 and a beta of 1.31.

Krispy Kreme (NASDAQ:DNUT) last released its quarterly earnings results on Thursday, November 6th. The company reported $0.01 EPS for the quarter, beating the consensus estimate of ($0.06) by $0.07. The firm had revenue of $375.30 million for the quarter, compared to analyst estimates of $378.29 million. Krispy Kreme had a negative net margin of 33.27% and a negative return on equity of 5.13%. The business’s revenue for the quarter was down 1.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.01) EPS. On average, research analysts forecast that Krispy Kreme, Inc. 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 modified their holdings of DNUT. Russell Investments Group Ltd. lifted its position in Krispy Kreme by 1,229.5% in the third quarter. Russell Investments Group Ltd. now owns 8,469 shares of the company’s stock valued at $33,000 after buying an additional 7,832 shares during the last quarter. Capstone Financial Advisors Inc. acquired a new position in shares of Krispy Kreme in the 2nd quarter worth approximately $29,000. Sage Mountain Advisors LLC purchased a new position in shares of Krispy Kreme during the 3rd quarter worth approximately $39,000. Vanguard Personalized Indexing Management LLC acquired a new stake in Krispy Kreme in the 2nd quarter valued at approximately $30,000. Finally, R Squared Ltd acquired a new stake in Krispy Kreme in the 2nd quarter valued at approximately $31,000. 81.72% of the stock is 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.