DNUT has been the subject of a number of other research reports. Zacks Investment Research lowered shares of Krispy Kreme from a hold rating to a sell rating in a research report on Thursday, April 28th. Morgan Stanley cut their price objective 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. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Krispy Kreme from $16.00 to $14.00 in a research report on Thursday. Finally, Citigroup cut their price objective on shares of Krispy Kreme from $16.00 to $15.00 and set a neutral rating for the company in a research report on Thursday. Two analysts have rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Krispy Kreme currently has a consensus rating of Hold and a consensus price target of $17.34.
Shares of DNUT opened at $13.09 on Friday. The company has a current ratio of 0.30, a quick ratio of 0.23 and a debt-to-equity ratio of 0.51. The stock has a market cap of $2.19 billion and a P/E ratio of -93.49. The company has a 50-day moving average of $13.96 and a two-hundred day moving average of $14.73. Krispy Kreme has a 12-month low of $11.98 and a 12-month high of $21.69.
In other Krispy Kreme news, CEO Michael J. Tattersfield bought 9,500 shares of the company’s stock in a transaction on Thursday, March 10th. The shares were bought at an average cost of $13.95 per share, with a total value of $132,525.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Hedge funds have recently added to or reduced their stakes in the stock. Squarepoint Ops LLC acquired a new stake in shares of Krispy Kreme in the 3rd quarter worth about $1,428,000. SG Americas Securities LLC increased its holdings in shares of Krispy Kreme by 2,127.1% in the 4th quarter. SG Americas Securities LLC now owns 204,491 shares of the company’s stock worth $3,869,000 after acquiring an additional 195,309 shares during the period. New York State Common Retirement Fund acquired a new stake in shares of Krispy Kreme in the 3rd quarter worth about $108,000. Advisor Group Holdings Inc. acquired a new stake in shares of Krispy Kreme in the 3rd quarter worth about $47,000. Finally, Tudor Investment Corp Et Al acquired a new stake in shares of Krispy Kreme in the 3rd quarter worth about $1,165,000. 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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