Krispy Kreme, Inc. (NASDAQ:DNUT) Stock Has Average Price Target of $4.33

Shares of Krispy Kreme, Inc. (NASDAQ:DNUT) have been assigned an average rating of “Reduce” from the five ratings firms that are currently covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a sell recommendation and two have issued a buy recommendation on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $4.33.

DNUT has been the subject of several research analyst reports. Evercore set a $4.00 target price on shares of Krispy Kreme in a report on Friday, August 7th. Zacks Research cut Krispy Kreme from a “hold” rating to a “strong sell” rating in a report on Thursday, August 6th. Wall Street Zen downgraded Krispy Kreme from a “hold” rating to a “sell” rating in a research report on Saturday, August 8th. Finally, Weiss Ratings lowered Krispy Kreme from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday.

Krispy Kreme Price Performance

Krispy Kreme stock opened at $3.02 on Monday. Krispy Kreme has a fifty-two week low of $2.83 and a fifty-two week high of $5.11. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.36 and a quick ratio of 0.29. The firm has a market capitalization of $520.65 million, a PE ratio of -5.39 and a beta of 1.25. The company’s 50-day moving average is $3.18 and its 200-day moving average is $3.37.

Krispy Kreme (NASDAQ:DNUT) last released its quarterly earnings data on Thursday, August 6th. The company reported ($0.03) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.03). Krispy Kreme had a negative return on equity of 1.17% and a negative net margin of 6.16%. The firm had revenue of $331.00 million for the quarter, compared to analyst estimates of $303.35 million. During the same quarter in the prior year, the company earned ($0.15) earnings per share. The business’s revenue for the quarter was down 12.8% compared to the same quarter last year. Sell-side analysts anticipate that Krispy Kreme will post -0.06 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Hsbc Holdings PLC bought a new stake in shares of Krispy Kreme in the second quarter valued at about $24,992,000. BlackRock Inc. bought a new position in Krispy Kreme during the second quarter worth about $23,353,000. AlpInvest Partners B.V. bought a new position in Krispy Kreme during the second quarter worth about $2,231,000. Squarepoint Ops LLC raised its stake in Krispy Kreme by 138.5% in the 2nd quarter. Squarepoint Ops LLC now owns 566,309 shares of the company’s stock worth $1,999,000 after purchasing an additional 328,885 shares in the last quarter. Finally, Lazard Asset Management LLC acquired a new stake in Krispy Kreme in the 1st quarter worth about $1,883,000. Institutional investors own 81.72% of the company’s stock.

About Krispy Kreme

Krispy Kreme, Inc is a global doughnut and coffee company that produces and sells fresh doughnuts, packaged sweet treats, coffee and related beverages. Its signature Original Glazed doughnut is sold through Krispy Kreme shops, delivery channels, grocery retailers, convenience stores and other retail outlets.

Founded in Winston-Salem, North Carolina, in 1937 by Vernon Rudolph, Krispy Kreme has expanded from a regional doughnut maker into an international brand. The company serves customers through a combination of company-operated and franchised locations, as well as partnerships with retailers and other businesses.