Brokerages Set Krispy Kreme, Inc. (NASDAQ:DNUT) Target Price at $4.85

Shares of Krispy Kreme, Inc. (NASDAQ:DNUT) have been assigned a consensus rating of “Hold” from the ten analysts that are presently covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation, three have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $4.85.

Several equities research analysts have recently commented on DNUT shares. Capital One Financial raised Krispy Kreme from an “equal weight” rating to an “overweight” rating and set a $6.00 price target on the stock in a research note on Thursday, March 26th. Weiss Ratings reissued a “sell (d)” rating on shares of Krispy Kreme in a research note on Friday, March 27th. Zacks Research raised shares of Krispy Kreme from a “hold” rating to a “strong-buy” rating in a research note on Friday, March 27th. Wall Street Zen raised shares of Krispy Kreme from a “sell” rating to a “hold” rating in a research note on Sunday, February 22nd. Finally, Morgan Stanley reissued an “underweight” rating and issued a $3.00 price objective on shares of Krispy Kreme in a research note on Tuesday, January 20th.

Krispy Kreme Price Performance

Shares of NASDAQ:DNUT opened at $4.04 on Monday. The business’s 50 day simple moving average is $3.39 and its 200-day simple moving average is $3.69. The firm has a market capitalization of $695.69 million, a price-to-earnings ratio of -1.33 and a beta of 1.27. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.38 and a quick ratio of 0.32. Krispy Kreme has a 12 month low of $2.50 and a 12 month high of $5.73.

Krispy Kreme (NASDAQ:DNUT) last announced its quarterly earnings results on Thursday, February 26th. The company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.03 by $0.06. The business had revenue of $392.37 million for the quarter, compared to analyst estimates of $386.72 million. Krispy Kreme had a negative return on equity of 3.66% and a negative net margin of 33.87%.The company’s quarterly revenue was down 2.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.01 EPS. As a group, equities analysts forecast that Krispy Kreme will post -0.1 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Krispy Kreme

A number of large investors have recently added to or reduced their stakes in DNUT. Marshall Wace LLP acquired a new stake in Krispy Kreme in the 3rd quarter valued at about $11,704,000. Balyasny Asset Management L.P. grew its stake in 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 valued at $10,819,000 after acquiring an additional 2,257,061 shares during the last quarter. Trustees of the University of Pennsylvania acquired a new stake in Krispy Kreme in the 4th quarter valued at about $8,077,000. Millennium Management LLC grew its stake in Krispy Kreme by 522.1% in the 1st quarter. Millennium Management LLC now owns 2,093,416 shares of the company’s stock valued at $10,300,000 after acquiring an additional 1,756,932 shares during the last quarter. Finally, Federated Hermes Inc. grew its stake in Krispy Kreme by 42.4% in the 4th quarter. Federated Hermes Inc. now owns 3,565,152 shares of the company’s stock valued at $14,332,000 after acquiring an additional 1,061,308 shares during the last quarter. 81.72% of the stock is owned by institutional investors and hedge funds.

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.