Analysts Set Krispy Kreme, Inc. (NASDAQ:DNUT) Price Target at $4.63

Shares of Krispy Kreme, Inc. (NASDAQ:DNUT) have been assigned a consensus rating of “Hold” from the eight ratings firms that are presently covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, two have given a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $4.6250.

Several equities research analysts have issued reports on the company. Wall Street Zen upgraded Krispy Kreme from a “sell” rating to a “hold” rating in a report on Sunday, May 17th. Weiss Ratings reiterated a “sell (d)” rating on shares of Krispy Kreme in a research report on Friday, March 27th. Capital One Financial upgraded Krispy Kreme from an “equal weight” rating to an “overweight” rating and set a $6.00 target price for the company in a research report on Thursday, March 26th. Finally, Zacks Research lowered Krispy Kreme from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 15th.

Krispy Kreme Price Performance

DNUT stock opened at $3.33 on Friday. The company has a quick ratio of 0.36, a current ratio of 0.42 and a debt-to-equity ratio of 1.31. Krispy Kreme has a 52-week low of $2.50 and a 52-week high of $5.73. The stock’s 50 day moving average is $3.49 and its two-hundred day moving average is $3.68. The company has a market capitalization of $574.09 million, a PE ratio of -1.11 and a beta of 1.32.

Krispy Kreme (NASDAQ:DNUT) last posted its quarterly earnings data on Thursday, May 7th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.02). Krispy Kreme had a negative return on equity of 4.34% and a negative net margin of 33.36%.The business had revenue of $367.03 million for the quarter, compared to analysts’ expectations of $359.42 million. During the same quarter in the prior year, the firm earned ($0.05) earnings per share. Krispy Kreme’s revenue for the quarter was down 2.2% compared to the same quarter last year. Analysts predict that Krispy Kreme will post -0.01 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Federated Hermes Inc. grew its position in shares of Krispy Kreme by 42.4% in the 4th quarter. Federated Hermes Inc. now owns 3,565,152 shares of the company’s stock worth $14,332,000 after acquiring an additional 1,061,308 shares in the last quarter. Marshall Wace LLP acquired a new position in shares of Krispy Kreme in the 3rd quarter worth approximately $11,704,000. Balyasny Asset Management L.P. grew its position in shares of Krispy Kreme by 419.2% in the 3rd quarter. Balyasny Asset Management L.P. now owns 2,795,546 shares of the company’s stock worth $10,819,000 after acquiring an additional 2,257,061 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Krispy Kreme by 7.4% in the 4th quarter. Geode Capital Management LLC now owns 2,231,100 shares of the company’s stock worth $8,971,000 after acquiring an additional 153,645 shares in the last quarter. Finally, Millennium Management LLC grew its position in shares of Krispy Kreme by 522.1% in the 1st quarter. Millennium Management LLC now owns 2,093,416 shares of the company’s stock worth $10,300,000 after acquiring an additional 1,756,932 shares in the last quarter. 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.