Krispy Kreme (NASDAQ:DNUT) Price Target Cut to $4.00 by Analysts at Capital One Financial

Krispy Kreme (NASDAQ:DNUT) had its price target lowered by Capital One Financial from $6.00 to $4.00 in a research report report published on Thursday, Marketbeat reports. The firm currently has an equal weight rating on the stock.

Several other brokerages also recently commented on DNUT. Zacks Research downgraded shares of Krispy Kreme from a “hold” rating to a “strong sell” rating in a report on Monday, August 25th. BNP Paribas Exane downgraded shares of Krispy Kreme from an “outperform” rating to a “neutral” rating and set a $3.50 price objective for the company. in a report on Monday, July 21st. Morgan Stanley decreased their price objective on shares of Krispy Kreme from $3.00 to $2.50 and set an “overweight” rating for the company in a report on Monday, July 14th. Bank of America decreased their price objective on shares of Krispy Kreme from $7.00 to $6.00 and set a “buy” rating for the company in a report on Friday, July 18th. Finally, BNP Paribas upgraded shares of Krispy Kreme to a “hold” rating in a report on Monday, July 21st. Three equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $6.45.

Krispy Kreme Stock Performance

Shares of DNUT stock opened at $3.76 on Thursday. The firm has a 50-day moving average of $3.47 and a 200-day moving average of $3.61. The company has a market cap of $643.71 million, a P/E ratio of -1.42 and a beta of 1.34. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.34 and a quick ratio of 0.26. Krispy Kreme has a one year low of $2.50 and a one year high of $12.68.

Krispy Kreme (NASDAQ:DNUT) last announced its earnings results on Thursday, August 7th. The company reported ($0.15) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.10). The firm had revenue of $379.77 million during the quarter, compared to analysts’ expectations of $382.25 million. Krispy Kreme had a negative net margin of 29.33% and a negative return on equity of 5.55%. The business’s revenue for the quarter was down 13.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.05 EPS. Equities research analysts forecast that Krispy Kreme will post 0.07 EPS for the current fiscal year.

Hedge Funds Weigh In On Krispy Kreme

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DNUT. Ameriprise Financial Inc. bought a new position in Krispy Kreme during the fourth quarter worth about $128,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Krispy Kreme by 13.1% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 166,373 shares of the company’s stock worth $1,652,000 after purchasing an additional 19,295 shares during the period. GAMMA Investing LLC boosted its position in Krispy Kreme by 1,440.9% during the first quarter. GAMMA Investing LLC now owns 9,338 shares of the company’s stock worth $46,000 after purchasing an additional 8,732 shares during the period. Rhumbline Advisers boosted its position in Krispy Kreme by 3.2% during the first quarter. Rhumbline Advisers now owns 122,856 shares of the company’s stock worth $604,000 after purchasing an additional 3,773 shares during the period. Finally, SG Americas Securities LLC boosted its position in Krispy Kreme by 275.1% during the first quarter. SG Americas Securities LLC now owns 314,630 shares of the company’s stock worth $1,548,000 after purchasing an additional 230,761 shares during the period. Institutional investors own 81.72% of the company’s stock.

About Krispy Kreme

Krispy Kreme, Inc, together with its subsidiaries, produces doughnuts in the United States, the United Kingdom, Ireland, Australia, New Zealand, Mexico, Canada, Japan, and internationally. The company operates through three segments: U.S., International, and Market Development. The company offers doughnut experiences through hot light theater and fresh shops, delivered fresh daily branded cabinets and merchandising units within grocery and convenience stores, quick service restaurants, club memberships, drug stores, and ecommerce, as well as through its branded sweet treat line comprising Krispy Kreme branded sweet treats.