Krispy Kreme, Inc. (NASDAQ:DNUT) Receives Average Rating of “Hold” from Brokerages

Shares of Krispy Kreme, Inc. (NASDAQ:DNUT) have been assigned an average rating of “Hold” from the eleven analysts that are covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $6.45.

DNUT has been the topic of several research analyst reports. BNP Paribas Exane cut Krispy Kreme from an “outperform” rating to a “neutral” rating and set a $3.50 price target on the stock. in a research report on Monday, July 21st. Morgan Stanley lowered their price target on Krispy Kreme from $3.00 to $2.50 and set an “overweight” rating on the stock in a research report on Monday, July 14th. BNP Paribas upgraded Krispy Kreme to a “hold” rating in a research report on Monday, July 21st. Weiss Ratings reiterated a “sell (e+)” rating on shares of Krispy Kreme in a research report on Saturday, September 27th. Finally, Bank of America lowered their price target on Krispy Kreme from $7.00 to $6.00 and set a “buy” rating on the stock in a research report on Friday, July 18th.

Krispy Kreme Stock Down 3.2%

DNUT opened at $3.66 on Thursday. Krispy Kreme has a 12 month low of $2.50 and a 12 month high of $12.68. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.34 and a quick ratio of 0.26. The stock has a market cap of $626.59 million, a P/E ratio of -1.38 and a beta of 1.34. The stock’s 50 day moving average price is $3.45 and its 200 day moving average price is $3.56.

Krispy Kreme (NASDAQ:DNUT) last posted its earnings results on Thursday, August 7th. The company reported ($0.15) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.10). Krispy Kreme had a negative net margin of 29.33% and a negative return on equity of 5.55%. The business had revenue of $379.77 million during the quarter, compared to analyst estimates of $382.25 million. During the same quarter in the prior year, the business earned $0.05 earnings per share. The firm’s revenue was down 13.5% compared to the same quarter last year. As a group, research analysts predict that Krispy Kreme will post 0.07 earnings per share for the current year.

Hedge Funds Weigh In On Krispy Kreme

Several hedge funds have recently modified their holdings of the company. Captrust Financial Advisors acquired a new position in shares of Krispy Kreme in the 2nd quarter worth $34,000. Two Sigma Securities LLC acquired a new position in shares of Krispy Kreme in the 2nd quarter worth $344,000. Oxford Asset Management LLP acquired a new position in shares of Krispy Kreme in the 2nd quarter worth $42,000. Engineers Gate Manager LP acquired a new position in shares of Krispy Kreme in the 2nd quarter worth $183,000. Finally, Balyasny Asset Management L.P. acquired a new position in shares of Krispy Kreme in the 2nd quarter worth $1,567,000. 81.72% of the stock is currently owned by institutional investors and hedge funds.

About Krispy Kreme

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.