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

Shares of Krispy Kreme, Inc. (NASDAQ:DNUT) have received a consensus rating of “Hold” from the twelve ratings firms that are covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $5.5143.

Several equities analysts have recently weighed in on the company. Weiss Ratings restated a “sell (d)” rating on shares of Krispy Kreme in a report on Monday, December 29th. Wall Street Zen raised Krispy Kreme from a “sell” rating to a “hold” rating in a research report on Saturday. Capital One Financial decreased their price target on Krispy Kreme from $6.00 to $4.00 and set an “equal weight” rating for the company in a research note on Thursday, October 2nd. Singular Research raised Krispy Kreme to a “moderate buy” rating in a research report on Wednesday, October 22nd. Finally, Zacks Research raised Krispy Kreme from a “strong sell” rating to a “hold” rating in a report on Monday, December 22nd.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Russell Investments Group Ltd. raised its holdings in shares of Krispy Kreme by 1,229.5% in the 3rd quarter. Russell Investments Group Ltd. now owns 8,469 shares of the company’s stock valued at $33,000 after purchasing an additional 7,832 shares during the period. Capstone Financial Advisors Inc. bought a new stake in Krispy Kreme in the second quarter valued at approximately $29,000. FNY Investment Advisers LLC acquired a new stake in shares of Krispy Kreme in the fourth quarter valued at approximately $40,000. Sage Mountain Advisors LLC bought a new position in shares of Krispy Kreme during the 3rd quarter worth approximately $39,000. Finally, Vanguard Personalized Indexing Management LLC acquired a new position in shares of Krispy Kreme during the 2nd quarter worth approximately $30,000. Institutional investors own 81.72% of the company’s stock.

Krispy Kreme Price Performance

NASDAQ DNUT opened at $3.63 on Friday. The firm’s 50 day moving average is $4.17 and its 200-day moving average is $3.74. 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 company has a market capitalization of $621.82 million, a PE ratio of -1.21 and a beta of 1.32. Krispy Kreme has a 12-month low of $2.50 and a 12-month high of $9.56.

Krispy Kreme (NASDAQ:DNUT) last announced its earnings results on Thursday, November 6th. The company reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.06) by $0.07. Krispy Kreme had a negative net margin of 33.27% and a negative return on equity of 5.13%. The business had revenue of $375.30 million during the quarter, compared to analysts’ expectations of $378.29 million. During the same quarter in the prior year, the company posted ($0.01) earnings per share. The firm’s revenue was down 1.2% on a year-over-year basis. Equities research analysts anticipate that Krispy Kreme will post 0.07 earnings per share for the current fiscal year.

About Krispy Kreme

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.