Krispy Kreme (NASDAQ:DNUT) PT Lowered to $15.00

Krispy Kreme (NASDAQ:DNUT – Get Rating) had its target price dropped by investment analysts at Citigroup from $16.00 to $15.00 in a research report issued to clients and investors on Thursday, The Fly reports. Citigroup’s price objective would suggest a potential upside of 18.39% from the company’s previous close.

Several other research firms have also weighed in on DNUT. Zacks Investment Research lowered shares of Krispy Kreme from a “hold” rating to a “sell” rating in a report on Thursday, April 28th. Morgan Stanley decreased their target price on shares of Krispy Kreme from $20.00 to $18.00 and set an “overweight” rating for the company in a research report on Thursday, April 14th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $17.34.

Shares of Krispy Kreme stock opened at $12.67 on Thursday. The company has a quick ratio of 0.23, a current ratio of 0.30 and a debt-to-equity ratio of 0.51. Krispy Kreme has a 1-year low of $11.98 and a 1-year high of $21.69. The firm’s 50-day moving average price is $13.96 and its two-hundred day moving average price is $14.73.

Krispy Kreme (NASDAQ:DNUT – Get Rating) last released its quarterly earnings results on Tuesday, February 22nd. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.01). Krispy Kreme had a negative net margin of 1.77% and a positive return on equity of 2.80%. The company had revenue of $370.60 million for the quarter, compared to the consensus estimate of $363.04 million. Krispy Kreme’s quarterly revenue was up 13.8% compared to the same quarter last year. Research analysts anticipate that Krispy Kreme will post 0.28 earnings per share for the current fiscal year.

In related news, CEO Michael J. Tattersfield purchased 9,500 shares of Krispy Kreme stock in a transaction that occurred on Thursday, March 10th. The stock was bought at an average price of $13.95 per share, for a total transaction of $132,525.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Bamco Inc. NY purchased a new position in shares of Krispy Kreme during the third quarter worth approximately $42,673,000. FIL Ltd bought a new stake in Krispy Kreme in the third quarter valued at $37,798,000. Board of Trustees of The Leland Stanford Junior University bought a new stake in shares of Krispy Kreme during the 3rd quarter valued at $30,629,000. GW&K Investment Management LLC boosted its holdings in shares of Krispy Kreme by 317.4% during the 1st quarter. GW&K Investment Management LLC now owns 1,776,787 shares of the company’s stock valued at $26,386,000 after buying an additional 1,351,117 shares in the last quarter. Finally, BlackRock Inc. raised its position in shares of Krispy Kreme by 30.6% in the 4th quarter. BlackRock Inc. now owns 1,638,129 shares of the company’s stock worth $30,995,000 after purchasing an additional 383,813 shares during the last quarter. 68.82% of the stock is currently owned by institutional investors and hedge funds.

About Krispy Kreme (Get Rating)

Krispy Kreme, Inc, together with its subsidiaries, operates through an omni-channel business model to provide doughnut experiences and produce doughnuts. The company operates through three segments: U.S. and Canada, International, and Market Development. It also produces cookies, brownies, cookie cakes, ice cream, cookie-wiches, and cold milk, as well as doughnut mixes, other ingredients, and doughnut-making equipment.

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