Krispy Kreme, Inc. (NASDAQ:DNUT) Short Interest Down 14.2% in April

Krispy Kreme, Inc. (NASDAQ:DNUT – Get Rating) was the target of a significant decline in short interest in April. As of April 30th, there was short interest totalling 10,420,000 shares, a decline of 14.2% from the April 15th total of 12,150,000 shares. Based on an average daily trading volume, of 1,310,000 shares, the days-to-cover ratio is presently 8.0 days. Currently, 16.2% of the company’s stock are sold short.

DNUT has been the topic of a number of recent research reports. Morgan Stanley lowered their target price on Krispy Kreme from $20.00 to $18.00 and set an “overweight” rating on the stock in a research note on Thursday, April 14th. Citigroup lowered their target price on Krispy Kreme from $16.00 to $15.00 and set a “neutral” rating on the stock in a research note on Thursday, May 12th. Zacks Investment Research upgraded Krispy Kreme from a “sell” rating to a “hold” rating in a research note on Monday. HSBC upgraded Krispy Kreme from a “hold” rating to a “buy” rating and set a $17.00 price target for the company in a research note on Friday, May 13th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on Krispy Kreme from $16.00 to $14.00 in a research note on Thursday, May 12th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $17.57.

In other Krispy Kreme news, CEO Michael J. Tattersfield purchased 9,500 shares of the stock in a transaction dated Thursday, March 10th. The shares were acquired at an average price of $13.95 per share, for a total transaction of $132,525.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Institutional investors have recently bought and sold shares of the business. Moors & Cabot Inc. acquired a new position in Krispy Kreme in the 3rd quarter valued at approximately $26,000. US Bancorp DE acquired a new position in Krispy Kreme in the 1st quarter valued at approximately $30,000. First Quadrant LLC CA acquired a new position in Krispy Kreme in the 1st quarter valued at approximately $37,000. Advisor Group Holdings Inc. acquired a new position in Krispy Kreme in the 3rd quarter valued at approximately $47,000. Finally, Citigroup Inc. bought a new stake in shares of Krispy Kreme in the 3rd quarter valued at approximately $55,000. 68.82% of the stock is owned by hedge funds and other institutional investors.

NASDAQ DNUT opened at $14.49 on Wednesday. Krispy Kreme has a twelve month low of $11.98 and a twelve month high of $21.69. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.22 and a current ratio of 0.30. The stock has a market capitalization of $2.42 billion and a PE ratio of -103.49. The stock has a 50-day simple moving average of $13.96 and a 200 day simple moving average of $14.77.

Krispy Kreme (NASDAQ:DNUT – Get Rating) last posted its quarterly earnings data on Tuesday, February 22nd. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.01). Krispy Kreme had a positive return on equity of 3.31% and a negative net margin of 1.22%. The business had revenue of $370.60 million for the quarter, compared to analyst estimates of $363.04 million. Krispy Kreme’s revenue was up 13.8% on a year-over-year basis. As a group, equities research analysts forecast that Krispy Kreme will post 0.28 EPS for the current fiscal year.

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.

Featured Articles