Krispy Kreme, Inc. (NASDAQ:DNUT) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Krispy Kreme, Inc. (NASDAQ:DNUT) have been assigned an average rating of “Hold” from the eleven research firms that are covering the company, MarketBeat.com reports. Three analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $5.5857.

Several equities analysts recently commented on the company. Morgan Stanley reissued an “underweight” rating and set a $3.00 price target on shares of Krispy Kreme in a research report on Tuesday, January 20th. Wall Street Zen upgraded shares of Krispy Kreme from a “sell” rating to a “hold” rating in a research note on Saturday, January 17th. Weiss Ratings reissued a “sell (d)” rating on shares of Krispy Kreme in a research report on Monday, December 29th. Singular Research upgraded shares of Krispy Kreme to a “moderate buy” rating in a research note on Wednesday, October 22nd. Finally, Zacks Research raised shares of Krispy Kreme from a “strong sell” rating to a “hold” rating in a research note on Monday, December 22nd.

Krispy Kreme Stock Down 0.3%

Shares of Krispy Kreme stock opened at $3.11 on Wednesday. The company has a fifty day moving average price of $4.02 and a 200 day moving average price of $3.75. The company has a current ratio of 0.36, a quick ratio of 0.30 and a debt-to-equity ratio of 1.31. Krispy Kreme has a twelve month low of $2.50 and a twelve month high of $9.43. The stock has a market cap of $532.74 million, a price-to-earnings ratio of -1.04 and a beta of 1.31.

Krispy Kreme (NASDAQ:DNUT) last released its quarterly earnings data on Thursday, November 6th. The company reported $0.01 EPS 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 analyst estimates of $378.29 million. Krispy Kreme had a negative return on equity of 5.13% and a negative net margin of 33.27%.The firm’s revenue was down 1.2% compared to the same quarter last year. During the same period last year, the company posted ($0.01) earnings per share. Equities research analysts forecast that Krispy Kreme will post 0.07 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of DNUT. R Squared Ltd boosted its holdings in Krispy Kreme by 61.7% in the fourth quarter. R Squared Ltd now owns 22,983 shares of the company’s stock valued at $92,000 after purchasing an additional 8,767 shares during the last quarter. FNY Investment Advisers LLC purchased a new stake in Krispy Kreme during the 4th quarter worth approximately $40,000. Keel Point LLC acquired a new position in shares of Krispy Kreme in the 3rd quarter valued at approximately $102,000. PharVision Advisers LLC purchased a new position in shares of Krispy Kreme during the 3rd quarter valued at approximately $62,000. Finally, Quantessence Capital LLC purchased a new position in shares of Krispy Kreme during the 3rd quarter valued at approximately $66,000. Institutional investors and hedge funds 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.