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.
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.
- Get a free copy of the StockNews.com research report on Krispy Kreme (DNUT)
- Corning Stock is a Technology Value Play
- Anheuser-Busch InBev May Need One More Quarter to Confirm a Buy Signal
- Wolverine Worldwide Is Ready To Rebound
- Wendy’s Growth Story Has Come To An End
- Can Six Flags(SIX) or Cedar Fair (FUN) Give Investors a Thrill Later This Year?
Receive News & Ratings for Krispy Kreme Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Krispy Kreme and related companies with MarketBeat.com's FREE daily email newsletter.