Krispy Kreme, Inc. (NASDAQ:DNUT) Given Average Recommendation of “Hold” by Analysts

Shares of Krispy Kreme, Inc. (NASDAQ:DNUT) have earned a consensus rating of “Hold” from the twelve ratings firms that are presently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating on the company. The average twelve-month target price among analysts that have covered the stock in the last year is $5.5143.

A number of research analysts recently issued reports on DNUT shares. Weiss Ratings reiterated a “sell (d)” rating on shares of Krispy Kreme in a research note on Monday, December 29th. Capital One Financial lowered their price target on shares of Krispy Kreme from $6.00 to $4.00 and set an “equal weight” rating on the stock in a report on Thursday, October 2nd. Wall Street Zen lowered shares of Krispy Kreme from a “hold” rating to a “sell” rating in a research report on Saturday, January 3rd. Zacks Research raised shares of Krispy Kreme from a “strong sell” rating to a “hold” rating in a research note on Monday, December 22nd. Finally, Singular Research upgraded shares of Krispy Kreme to a “moderate buy” rating in a research note on Wednesday, October 22nd.

Krispy Kreme Trading Up 0.2%

NASDAQ:DNUT opened at $4.28 on Friday. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.36 and a quick ratio of 0.30. The firm has a market capitalization of $733.16 million, a price-to-earnings ratio of -1.43 and a beta of 1.32. Krispy Kreme has a one year low of $2.50 and a one year high of $9.56. The business has a fifty day moving average price of $4.15 and a 200-day moving average price of $3.69.

Krispy Kreme (NASDAQ:DNUT) last released its earnings results on Thursday, November 6th. The company reported $0.01 earnings per share for the quarter, beating the consensus estimate of ($0.06) by $0.07. The company had revenue of $375.30 million for the quarter, compared to the consensus estimate of $378.29 million. Krispy Kreme had a negative return on equity of 5.13% and a negative net margin of 33.27%.Krispy Kreme’s quarterly revenue was down 1.2% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.01) earnings per share. Sell-side analysts forecast that Krispy Kreme will post 0.07 EPS for the current year.

Hedge Funds Weigh In On Krispy Kreme

Hedge funds have recently made changes to their positions in the business. Pacific Point Advisors LLC bought a new position in Krispy Kreme in the 2nd quarter worth approximately $341,000. Counterpoint Mutual Funds LLC bought a new stake in shares of Krispy Kreme during the second quarter valued at approximately $333,000. XTX Topco Ltd lifted its holdings in shares of Krispy Kreme by 452.4% in the second quarter. XTX Topco Ltd now owns 340,289 shares of the company’s stock worth $990,000 after buying an additional 278,682 shares in the last quarter. Federated Hermes Inc. boosted its position in shares of Krispy Kreme by 78.9% during the second quarter. Federated Hermes Inc. now owns 3,007,345 shares of the company’s stock worth $8,751,000 after acquiring an additional 1,326,212 shares during the last quarter. Finally, SG Americas Securities LLC grew its stake in Krispy Kreme by 149.2% during the second quarter. SG Americas Securities LLC now owns 784,136 shares of the company’s stock valued at $2,282,000 after acquiring an additional 469,506 shares in the last quarter. Institutional investors own 81.72% of the company’s stock.

Krispy Kreme Company Profile

Krispy Kreme Doughnuts, Inc (NASDAQ: DNUT) is a global retailer and wholesaler renowned for its signature Original Glazed doughnut and a variety of other sweet treats. The company operates through a combination of company-owned stores, franchise outlets and strategic partnerships with supermarkets, convenience stores and other foodservice channels. In addition to its doughnut portfolio, Krispy Kreme offers freshly brewed coffee, assorted beverages and proprietary seasonal items designed to drive traffic and foster brand loyalty.

Founded in 1937 in Winston-Salem, North Carolina, by Vernon Rudolph, Krispy Kreme has grown from a single local shop to a multinational brand.