Wall Street Zen upgraded shares of Krispy Kreme (NASDAQ:DNUT – Free Report) from a sell rating to a hold rating in a research note published on Saturday morning,Wall Street Zen reports.
Several other brokerages also recently weighed in on DNUT. Zacks Research upgraded Krispy Kreme from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 27th. Weiss Ratings cut shares of Krispy Kreme from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, October 16th. Finally, Evercore set a $4.00 target price on shares of Krispy Kreme in a research note on Friday, August 7th. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Reduce” and a consensus price target of $4.33.
Check Out Our Latest Research Report on DNUT
Krispy Kreme Stock Down 9.3%
DNUT opened at $4.17 on Friday. The company has a market cap of $718.91 million, a P/E ratio of -7.87 and a beta of 1.29. The business’s 50-day moving average price is $3.14 and its 200-day moving average price is $3.34. The company has a current ratio of 0.36, a quick ratio of 0.29 and a debt-to-equity ratio of 1.28. Krispy Kreme has a 12 month low of $2.81 and a 12 month high of $5.03.
Krispy Kreme (NASDAQ:DNUT – Get Free Report) last released its earnings results on Thursday, November 5th. The company reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.05. The company had revenue of $328.76 million during the quarter, compared to analyst estimates of $311.41 million. Krispy Kreme had a negative return on equity of 0.28% and a negative net margin of 5.94%. Krispy Kreme’s revenue for the quarter was down 12.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.01 EPS. On average, equities analysts expect that Krispy Kreme will post -0.06 EPS for the current year.
Institutional Trading of Krispy Kreme
A number of institutional investors have recently modified their holdings of DNUT. Hsbc Holdings PLC purchased a new position in Krispy Kreme during the 2nd quarter valued at about $24,992,000. BlackRock Inc. bought a new position in Krispy Kreme during the 2nd quarter valued at approximately $23,353,000. AlpInvest Partners B.V. purchased a new stake in Krispy Kreme in the 2nd quarter worth approximately $2,231,000. Squarepoint Ops LLC lifted its holdings in Krispy Kreme by 138.5% in the 2nd quarter. Squarepoint Ops LLC now owns 566,309 shares of the company’s stock worth $1,999,000 after buying an additional 328,885 shares during the period. Finally, Lazard Asset Management LLC purchased a new stake in Krispy Kreme in the 1st quarter worth approximately $1,883,000. 81.72% of the stock is currently owned by hedge funds and other institutional investors.
Key Krispy Kreme News
Here are the key news stories impacting Krispy Kreme this week:
- Positive Sentiment: Third-quarter adjusted earnings were $0.06 per share, above estimates of about $0.01–$0.02, while revenue of $328.76 million also topped forecasts. The company raised its 2026 revenue outlook, citing continued turnaround progress. Bloomberg article
- Positive Sentiment: The shift toward an asset-light model is reducing investment needs: franchisees accounted for 42% of systemwide sales in Q3, and year-to-date capital spending fell 65% to $28.6 million. These changes could support cash flow and profitability if the strategy continues to gain traction. The Motley Fool article
- Neutral Sentiment: Traders bought 4,003 DNUT put options, about 23% above the average daily volume. This may reflect increased hedging or bearish positioning, but options volume alone does not establish traders’ outlook.
- Negative Sentiment: Despite the earnings beat, revenue declined 12.4% year over year and the company continues to report a net loss. The stock’s pullback may also reflect profit-taking after its strong initial reaction to the results.
Krispy Kreme Company Profile
Krispy Kreme, Inc is a global doughnut and coffee company best known for its Original Glazed doughnuts. The company sells doughnuts, packaged sweets, coffee and other beverages through Krispy Kreme shops, in-store retail displays and digital ordering channels.
Krispy Kreme operates a hub-and-spoke distribution model that combines doughnut-making hubs and shops with delivery to grocery stores, convenience stores and other retail locations. Its products are also distributed through partnerships and branded locations, allowing the company to expand its reach beyond traditional Krispy Kreme shops.
Founded in 1937 in Winston-Salem, North Carolina, by Vernon Rudolph, Krispy Kreme has grown into an international brand serving customers in the United States and various markets across North America, Europe, Asia and Oceania.
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