Krispy Kreme, Inc. (NASDAQ:DNUT) Receives $4.33 Average Price Target from Brokerages

Shares of Krispy Kreme, Inc. (NASDAQ:DNUT) have been given an average rating of “Reduce” by the five research firms that are presently covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a sell recommendation and two have issued a buy recommendation on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $4.3333.

A number of research analysts have recently commented on DNUT shares. Wall Street Zen downgraded shares of Krispy Kreme from a “hold” rating to a “sell” rating in a research report on Saturday, August 8th. Weiss Ratings downgraded Krispy Kreme from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, September 11th. Zacks Research downgraded Krispy Kreme from a “hold” rating to a “strong sell” rating in a report on Thursday, August 6th. Finally, Evercore set a $4.00 price target on Krispy Kreme in a research note on Friday, August 7th.

Institutional Trading of Krispy Kreme

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Sequoia Financial Advisors LLC acquired a new position in Krispy Kreme during the 2nd quarter valued at about $56,000. Squarepoint Ops LLC boosted its holdings in Krispy Kreme by 138.5% during the 2nd quarter. Squarepoint Ops LLC now owns 566,309 shares of the company’s stock worth $1,999,000 after acquiring an additional 328,885 shares during the last quarter. Allworth Financial LP grew its stake in shares of Krispy Kreme by 83.7% in the 2nd quarter. Allworth Financial LP now owns 7,031 shares of the company’s stock worth $25,000 after acquiring an additional 3,204 shares in the last quarter. AXQ Capital LP grew its stake in shares of Krispy Kreme by 44.5% in the 2nd quarter. AXQ Capital LP now owns 22,600 shares of the company’s stock worth $80,000 after acquiring an additional 6,955 shares in the last quarter. Finally, Two Sigma Securities LLC purchased a new stake in shares of Krispy Kreme in the second quarter valued at about $120,000. 81.72% of the stock is owned by institutional investors.

Krispy Kreme Stock Performance

DNUT stock opened at $3.01 on Thursday. The business’s fifty day moving average is $3.27 and its 200-day moving average is $3.44. The company has a quick ratio of 0.29, a current ratio of 0.36 and a debt-to-equity ratio of 1.28. The company has a market cap of $518.92 million, a P/E ratio of -5.37 and a beta of 1.27. Krispy Kreme has a twelve month low of $2.88 and a twelve month high of $5.11.

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

Krispy Kreme News Summary

Here are the key news stories impacting Krispy Kreme this week:

• Positive Sentiment: Krispy Kreme is launching limited-time Churro Doughnut Dots on Sept. 22 at participating U.S. shops. The bite-sized doughnuts are coated in cinnamon sugar and served with dulce de leche dipping sauce, giving the company a seasonal product intended to drive customer visits, trial and incremental sales. Krispy Kreme Churro Doughnut Dots announcement
• Positive Sentiment: The product is being positioned as a shareable, poppable fall treat and has generated extensive consumer-media attention, potentially supporting brand engagement and limited-time traffic. Krispy Kreme fall menu coverage
• Neutral Sentiment: Coverage of the limited-time blueberry doughnuts ending Sept. 21 is primarily promotional and does not provide evidence of a material change to sales, earnings or guidance. Krispy Kreme blueberry doughnut promotion
• Neutral Sentiment: No new earnings guidance, major partnership, capital-allocation update or operational data accompanied the announcements. As a result, the fall launch may offer a modest sentiment boost but is unlikely to offset broader concerns, including recent year-over-year revenue contraction, negative earnings and elevated leverage.

Krispy Kreme Company Profile

Krispy Kreme, Inc is a global doughnut and coffee company best known for its Original Glazed doughnuts. The company operates and franchises doughnut shops, cafés and other retail locations, while also distributing its products through grocery stores, convenience stores and other points of access. Its offerings generally include doughnuts, coffee and other beverages, as well as assorted baked goods and seasonal products.

Founded in Winston-Salem, North Carolina, in 1937 by Vernon Rudolph, Krispy Kreme has expanded from a regional doughnut maker into an international brand.