Krispy Kreme (NASDAQ:DNUT) Price Target Raised to $4.80

Krispy Kreme (NASDAQ:DNUT) had its target price boosted by Citigroup from $4.00 to $4.80 in a report released on Monday morning,Benzinga reports. Citigroup currently has a neutral rating on the stock.

Several other research analysts also recently issued reports on DNUT. Wall Street Zen upgraded shares of Krispy Kreme from a “sell” rating to a “hold” rating in a report on Saturday, November 7th. Evercore set a $4.00 price objective on Krispy Kreme in a report on Friday, August 7th. Zacks Research upgraded Krispy Kreme from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 27th. Finally, Weiss Ratings lowered Krispy Kreme from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday, October 16th. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus target price of $4.45.

Krispy Kreme Stock Performance

Shares of NASDAQ:DNUT opened at $3.82 on Monday. Krispy Kreme has a 12-month low of $2.81 and a 12-month high of $5.03. The company’s 50 day moving average price is $3.17 and its two-hundred day moving average price is $3.35. The firm has a market cap of $662.77 million, a PE ratio of -7.21 and a beta of 1.29. The company has a quick ratio of 0.29, a current ratio of 0.39 and a debt-to-equity ratio of 1.31.

Krispy Kreme (NASDAQ:DNUT) last released its earnings results on Thursday, November 5th. The company reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.05. The firm had revenue of $328.76 million during the quarter, compared to the consensus estimate of $311.41 million. Krispy Kreme had a negative return on equity of 0.28% and a negative net margin of 5.94%. The company’s revenue was down 12.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.01 EPS. Equities research analysts predict that Krispy Kreme will post -0.06 earnings per share for the current year.

Institutional Trading of Krispy Kreme

Several institutional investors have recently modified their holdings of the business. Carlyle Group Inc. bought a new position in shares of Krispy Kreme during the second quarter worth about $1,203,000. AlpInvest Partners B.V. acquired a new position in shares of Krispy Kreme in the second quarter worth approximately $2,231,000. BlackRock Inc. acquired a new position in shares of Krispy Kreme in the second quarter worth approximately $23,353,000. Lazard Asset Management LLC bought a new stake in Krispy Kreme in the first quarter valued at approximately $1,883,000. Finally, Hsbc Holdings PLC bought a new stake in Krispy Kreme in the second quarter valued at approximately $24,992,000. Institutional investors own 81.72% of the company’s stock.

Krispy Kreme Company Profile

Krispy Kreme, Inc. is a U.S.-based doughnut and coffee company best known for its Original Glazed doughnuts. Its offerings also include other doughnut varieties, baked goods, coffee, and additional beverages. Founded in Winston-Salem, North Carolina, in 1937, the company has grown from a single doughnut shop into an international business. It serves customers through company-operated shops, franchised locations, and arrangements that make its products available at retail and other points of sale.