Krispy Kreme (NASDAQ:DNUT) Stock Price Up 7.4% – Still a Buy?

Krispy Kreme, Inc. (NASDAQ:DNUT)’s share price shot up 7.4% during trading on Tuesday . The company traded as high as $3.65 and last traded at $3.6950. 659,715 shares traded hands during trading, a decline of 73% from the average session volume of 2,484,304 shares. The stock had previously closed at $3.44.

Wall Street Analyst Weigh In

A number of research firms have issued reports on DNUT. Wall Street Zen upgraded shares of Krispy Kreme from a “sell” rating to a “hold” rating in a report on Sunday, February 22nd. Morgan Stanley reaffirmed an “underweight” rating and issued a $3.00 target price on shares of Krispy Kreme in a research note on Tuesday, January 20th. Weiss Ratings reiterated a “sell (d)” rating on shares of Krispy Kreme in a report on Monday, December 29th. Finally, Zacks Research upgraded Krispy Kreme from a “strong sell” rating to a “hold” rating in a report on Monday, December 22nd. Two investment analysts have rated the stock with a Buy rating, five have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, Krispy Kreme presently has an average rating of “Reduce” and a consensus price target of $4.52.

Krispy Kreme Stock Up 1.1%

The company has a debt-to-equity ratio of 1.40, a current ratio of 0.38 and a quick ratio of 0.32. The stock has a market cap of $625.09 million, a price-to-earnings ratio of -1.20 and a beta of 1.27. The firm’s 50-day moving average is $3.39 and its 200 day moving average is $3.67.

Krispy Kreme (NASDAQ:DNUT) last released its quarterly earnings data on Thursday, February 26th. The company reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.06. The business had revenue of $392.37 million during the quarter, compared to the consensus estimate of $386.72 million. Krispy Kreme had a negative return on equity of 3.66% and a negative net margin of 33.87%.The business’s revenue for the quarter was down 2.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.01 EPS. Sell-side 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 institutional investors and hedge funds have recently bought and sold shares of the business. Prudential Financial Inc. purchased a new stake in Krispy Kreme during the second quarter worth approximately $32,000. Russell Investments Group Ltd. lifted its holdings in shares of Krispy Kreme by 1,229.5% during the 3rd quarter. Russell Investments Group Ltd. now owns 8,469 shares of the company’s stock valued at $33,000 after acquiring an additional 7,832 shares in the last quarter. Captrust Financial Advisors purchased a new stake in Krispy Kreme during the 2nd quarter worth $34,000. Raymond James Financial Inc. acquired a new stake in Krispy Kreme in the 2nd quarter valued at $37,000. Finally, Bank of Montreal Can purchased a new position in Krispy Kreme in the second quarter valued at about $38,000. Institutional investors and hedge funds own 81.72% of the company’s stock.

Krispy Kreme Company Profile

Krispy Kreme Doughnuts, Inc (NASDAQ: DNUT) is a global retailer and wholesaler renowned for its signature Original Glazed doughnut and a variety of other sweet treats. The company operates through a combination of company-owned stores, franchise outlets and strategic partnerships with supermarkets, convenience stores and other foodservice channels. In addition to its doughnut portfolio, Krispy Kreme offers freshly brewed coffee, assorted beverages and proprietary seasonal items designed to drive traffic and foster brand loyalty.

Founded in 1937 in Winston-Salem, North Carolina, by Vernon Rudolph, Krispy Kreme has grown from a single local shop to a multinational brand.