Krispy Kreme, Inc. (NASDAQ:DNUT) Receives Consensus Recommendation of “Reduce” from Brokerages

Shares of Krispy Kreme, Inc. (NASDAQ:DNUT) have been assigned a consensus rating of “Reduce” from the six research firms that are covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $4.50.

A number of equities research analysts have recently weighed in on DNUT shares. Wall Street Zen raised shares of Krispy Kreme from a “sell” rating to a “hold” rating in a report on Sunday, May 17th. Zacks Research lowered Krispy Kreme from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 15th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Krispy Kreme in a research report on Wednesday, June 24th.

Insider Activity at Krispy Kreme

In related news, Director Bernardo Hees bought 25,002 shares of the company’s stock in a transaction that occurred on Friday, June 5th. The shares were purchased at an average cost of $3.49 per share, with a total value of $87,256.98. Following the completion of the acquisition, the director directly owned 1,574,635 shares in the company, valued at approximately $5,495,476.15. The trade was a 1.61% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders bought a total of 880,190 shares of company stock valued at $2,973,833 in the last quarter. 1.60% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Krispy Kreme

Several hedge funds have recently bought and sold shares of the stock. Deutsche Bank AG lifted its position in shares of Krispy Kreme by 4.5% during the 4th quarter. Deutsche Bank AG now owns 83,611 shares of the company’s stock valued at $336,000 after buying an additional 3,638 shares in the last quarter. Russell Investments Group Ltd. increased its holdings 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 acquiring an additional 7,832 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Krispy Kreme by 21.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 47,672 shares of the company’s stock worth $192,000 after acquiring an additional 8,351 shares in the last quarter. Raymond James Financial Inc. raised its position in Krispy Kreme by 69.1% during the third quarter. Raymond James Financial Inc. now owns 21,287 shares of the company’s stock worth $82,000 after acquiring an additional 8,701 shares during the period. Finally, Nuveen LLC lifted its holdings in Krispy Kreme by 5.6% during the fourth quarter. Nuveen LLC now owns 165,576 shares of the company’s stock valued at $666,000 after purchasing an additional 8,735 shares in the last quarter. Hedge funds and other institutional investors own 81.72% of the company’s stock.

Krispy Kreme Stock Up 0.7%

Krispy Kreme stock opened at $3.08 on Wednesday. The company has a quick ratio of 0.36, a current ratio of 0.42 and a debt-to-equity ratio of 1.31. The firm has a market cap of $530.99 million, a P/E ratio of -1.03 and a beta of 1.27. The business has a fifty day moving average of $3.47 and a two-hundred day moving average of $3.42. Krispy Kreme has a twelve month low of $2.88 and a twelve month high of $5.11.

Krispy Kreme (NASDAQ:DNUT) last issued its quarterly earnings data on Thursday, May 7th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.02). Krispy Kreme had a negative return on equity of 4.34% and a negative net margin of 33.36%.The firm had revenue of $367.03 million during the quarter, compared to analysts’ expectations of $359.42 million. During the same period in the previous year, the firm earned ($0.05) EPS. The firm’s quarterly revenue was down 2.2% on a year-over-year basis. On average, analysts forecast that Krispy Kreme will post -0.07 earnings per share for the current fiscal year.

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.