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

Krispy Kreme, Inc. (NASDAQ:DNUT) has earned an average rating of “Hold” from the eleven brokerages that are currently covering the company, Marketbeat.com reports. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $6.45.

DNUT has been the subject of several recent analyst reports. Zacks Research cut Krispy Kreme from a “hold” rating to a “strong sell” rating in a research report on Monday, August 25th. BNP Paribas raised Krispy Kreme to a “hold” rating in a research report on Monday, July 21st. Bank of America decreased their target price on Krispy Kreme from $7.00 to $6.00 and set a “buy” rating for the company in a research report on Friday, July 18th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Krispy Kreme in a research report on Saturday, September 27th. Finally, Capital One Financial decreased their target price on Krispy Kreme from $6.00 to $4.00 and set an “equal weight” rating for the company in a research report on Thursday, October 2nd.

Krispy Kreme Stock Performance

Shares of NASDAQ DNUT opened at $3.66 on Thursday. The company has a quick ratio of 0.26, a current ratio of 0.34 and a debt-to-equity ratio of 1.24. The stock has a market capitalization of $626.59 million, a price-to-earnings ratio of -1.38 and a beta of 1.34. The stock’s fifty day simple moving average is $3.45 and its 200 day simple moving average is $3.56. Krispy Kreme has a 52-week low of $2.50 and a 52-week high of $12.68.

Krispy Kreme (NASDAQ:DNUT) last issued 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 business had revenue of $379.77 million during the quarter, compared to analyst estimates of $382.25 million. Krispy Kreme had a negative return on equity of 5.55% and a negative net margin of 29.33%.The business’s quarterly revenue was down 13.5% on a year-over-year basis. During the same period last year, the business earned $0.05 EPS. As a group, sell-side analysts forecast that Krispy Kreme will post 0.07 earnings per share for the current fiscal year.

Institutional Trading of Krispy Kreme

A number of institutional investors have recently bought and sold shares of DNUT. Capstone Financial Advisors Inc. acquired a new stake in Krispy Kreme during the second quarter valued at $29,000. Vanguard Personalized Indexing Management LLC acquired a new stake in Krispy Kreme during the second quarter valued at $30,000. R Squared Ltd acquired a new stake in Krispy Kreme during the second quarter valued at $31,000. Prudential Financial Inc. acquired a new stake in Krispy Kreme during the second quarter valued at $32,000. Finally, Captrust Financial Advisors acquired a new stake in Krispy Kreme during the second quarter valued at $34,000. Institutional investors and hedge funds 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.