Krispy Kreme, Inc. (NASDAQ:DNUT) Stock Rated “Reduce” by Wall Street Analysts

Krispy Kreme, Inc. (NASDAQ:DNUT) has been given a consensus rating of “Reduce” by the five research firms that are presently covering the company, MarketBeat reports. Three analysts have rated the stock with a sell rating and two have assigned a buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $4.33.

DNUT has been the subject of a number of research analyst reports. Zacks Research lowered shares of Krispy Kreme from a “hold” rating to a “strong sell” rating in a research report on Thursday, August 6th. Evercore set a $4.00 price target on Krispy Kreme in a research report on Friday, August 7th. Wall Street Zen cut shares of Krispy Kreme from a “hold” rating to a “sell” rating in a research report on Saturday, August 8th. Finally, Weiss Ratings raised Krispy Kreme from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday, October 2nd.

Krispy Kreme Price Performance

NASDAQ DNUT opened at $3.02 on Monday. The company has a 50 day simple moving average of $3.18 and a 200-day simple moving average of $3.37. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.36 and a quick ratio of 0.29. Krispy Kreme has a 52-week low of $2.83 and a 52-week high of $5.11. The firm has a market capitalization of $520.65 million, a price-to-earnings ratio of -5.39 and a beta of 1.25.

Krispy Kreme (NASDAQ:DNUT) last posted its earnings results on Thursday, August 6th. The company reported ($0.03) earnings per share 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 company had revenue of $331.00 million for the quarter, compared to analyst estimates of $303.35 million. During the same period last year, the company earned ($0.15) earnings per share. The business’s revenue was down 12.8% compared to the same quarter last year. Equities research analysts predict that Krispy Kreme will post -0.06 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Krispy Kreme

Several institutional investors and hedge funds have recently bought and sold shares of the company. Allworth Financial LP acquired a new stake in shares of Krispy Kreme in the 2nd quarter valued at $25,000. State of Alaska Department of Revenue bought a new position in shares of Krispy Kreme during the third quarter valued at $27,000. Apollon Wealth Management LLC acquired a new stake in Krispy Kreme in the first quarter valued at $35,000. Coastal Bridge Advisors LLC bought a new position in Krispy Kreme during the 2nd quarter worth $37,000. Finally, Abel Hall LLC bought a new position in Krispy Kreme during the 1st quarter worth $45,000. 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.