Brokerages Set Krispy Kreme, Inc. (NASDAQ:DNUT) Price Target at $6.45

Krispy Kreme, Inc. (NASDAQ:DNUT) has been given a consensus recommendation of “Hold” by the twelve ratings firms that are currently covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $6.45.

Several analysts recently issued reports on DNUT shares. Singular Research upgraded shares of Krispy Kreme to a “moderate buy” rating in a report on Wednesday, October 22nd. Capital One Financial reduced their price objective 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. Weiss Ratings restated a “sell (e+)” rating on shares of Krispy Kreme in a report on Wednesday, October 8th. Morgan Stanley dropped their target price on Krispy Kreme from $3.00 to $2.50 and set an “overweight” rating for the company in a research report on Monday, July 14th. Finally, BNP Paribas Exane downgraded Krispy Kreme from an “outperform” rating to a “neutral” rating and set a $3.50 target price for the company. in a research report on Monday, July 21st.

Hedge Funds Weigh In On Krispy Kreme

Several institutional investors have recently bought and sold shares of DNUT. Capstone Financial Advisors Inc. acquired a new position in Krispy Kreme in the 2nd quarter valued at about $29,000. Vanguard Personalized Indexing Management LLC acquired a new position in Krispy Kreme in the 2nd quarter valued at about $30,000. R Squared Ltd acquired a new position in Krispy Kreme in the 2nd quarter valued at about $31,000. Prudential Financial Inc. acquired a new position in shares of Krispy Kreme during the second quarter worth about $32,000. Finally, Captrust Financial Advisors acquired a new position in shares of Krispy Kreme during the second quarter worth about $34,000. 81.72% of the stock is owned by institutional investors and hedge funds.

Krispy Kreme Stock Down 1.1%

Shares of DNUT opened at $3.59 on Monday. The firm has a market cap of $614.61 million, a P/E ratio of -1.35 and a beta of 1.33. Krispy Kreme has a 12-month low of $2.50 and a 12-month high of $12.68. The company’s 50-day moving average price is $3.50 and its 200 day moving average price is $3.41. The company has a current ratio of 0.34, a quick ratio of 0.26 and a debt-to-equity ratio of 1.24.

Krispy Kreme (NASDAQ:DNUT) last issued its quarterly earnings data on Thursday, August 7th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.10). The company 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 firm’s quarterly revenue was down 13.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.05 earnings per share. On average, sell-side analysts forecast that Krispy Kreme will post 0.07 earnings per share for the current year.

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.