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

Krispy Kreme, Inc. (NASDAQ:DNUT) has earned an average rating of “Reduce” from the five ratings firms that are presently covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a sell rating and two have assigned a buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $4.3333.

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

Krispy Kreme Trading Down 1.6%

Shares of DNUT stock opened at $3.02 on Thursday. The firm has a market capitalization of $520.65 million, a P/E ratio of -5.39 and a beta of 1.27. Krispy Kreme has a twelve month low of $2.88 and a twelve month high of $5.11. 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 stock’s fifty day simple moving average is $3.26 and its 200 day simple moving average is $3.43.

Krispy Kreme (NASDAQ:DNUT) last posted its earnings results on Thursday, August 6th. The company reported ($0.03) EPS 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 firm had revenue of $331.00 million during the quarter, compared to the consensus estimate of $303.35 million. During the same period last year, the company earned ($0.15) earnings per share. The business’s quarterly revenue was down 12.8% on a year-over-year basis. As a group, sell-side analysts predict that Krispy Kreme will post -0.06 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of DNUT. Sequoia Financial Advisors LLC bought a new stake in shares of Krispy Kreme in the 2nd quarter valued at about $56,000. Squarepoint Ops LLC increased its stake in shares of Krispy Kreme by 138.5% in the second quarter. Squarepoint Ops LLC now owns 566,309 shares of the company’s stock valued at $1,999,000 after buying an additional 328,885 shares during the period. Allworth Financial LP raised its position in shares of Krispy Kreme by 83.7% during the second quarter. Allworth Financial LP now owns 7,031 shares of the company’s stock worth $25,000 after acquiring an additional 3,204 shares during the last quarter. AXQ Capital LP lifted its stake in shares of Krispy Kreme by 44.5% in the second quarter. AXQ Capital LP now owns 22,600 shares of the company’s stock worth $80,000 after acquiring an additional 6,955 shares during the period. Finally, Two Sigma Securities LLC bought a new stake in Krispy Kreme in the second quarter valued at approximately $120,000. 81.72% of the stock is owned by institutional investors and hedge funds.

About Krispy Kreme

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.