Krispy Kreme (NASDAQ:DNUT) Rating Increased to Hold at Wall Street Zen

Krispy Kreme (NASDAQ:DNUT) was upgraded by analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report released on Sunday.

Other analysts have also recently issued reports about the stock. Morgan Stanley reissued an “underweight” rating and set a $3.00 price target on shares of Krispy Kreme in a research note on Tuesday, January 20th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Krispy Kreme in a report on Monday, December 29th. Finally, Zacks Research upgraded Krispy Kreme from a “strong sell” rating to a “hold” rating in a research report on Monday, December 22nd. Three analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, Krispy Kreme presently has a consensus rating of “Hold” and a consensus price target of $5.59.

Krispy Kreme Stock Up 1.7%

Shares of NASDAQ:DNUT opened at $3.03 on Friday. Krispy Kreme has a 12 month low of $2.50 and a 12 month high of $9.43. The company’s 50-day moving average price is $3.70 and its two-hundred day moving average price is $3.68. The company has a quick ratio of 0.30, a current ratio of 0.36 and a debt-to-equity ratio of 1.31. The firm has a market cap of $519.04 million, a P/E ratio of -1.01 and a beta of 1.31.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. Capstone Financial Advisors Inc. bought a new stake in shares of Krispy Kreme in the second quarter valued at about $29,000. Vanguard Personalized Indexing Management LLC acquired a new stake in shares of Krispy Kreme during the 2nd quarter worth about $30,000. R Squared Ltd bought a new stake in shares of Krispy Kreme during the second quarter worth approximately $31,000. Prudential Financial Inc. bought a new position in Krispy Kreme during the 2nd quarter worth $32,000. Finally, Russell Investments Group Ltd. raised its stake in Krispy Kreme by 1,229.5% in the 3rd quarter. Russell Investments Group Ltd. now owns 8,469 shares of the company’s stock worth $33,000 after purchasing an additional 7,832 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.