Krispy Kreme, Inc. (NASDAQ:DNUT) Stock Has Average Target Price of $4.33

Krispy Kreme, Inc. (NASDAQ:DNUT) has been assigned an average rating of “Reduce” from the five ratings firms that are covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a sell rating and two have issued a buy rating on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $4.33.

Several equities analysts have commented on DNUT shares. Zacks Research cut shares of Krispy Kreme from a “hold” rating to a “strong sell” rating in a research note on Thursday, August 6th. Weiss Ratings raised shares of Krispy Kreme from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, October 2nd. Evercore set a $4.00 price objective on shares of Krispy Kreme in a report on Friday, August 7th. Finally, Wall Street Zen cut shares of Krispy Kreme from a “hold” rating to a “sell” rating in a report on Saturday, August 8th.

Krispy Kreme Price Performance

Shares of DNUT opened at $3.05 on Monday. The firm has a market capitalization of $525.82 million, a price-to-earnings ratio of -5.45 and a beta of 1.25. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.29 and a current ratio of 0.36. Krispy Kreme has a one year low of $2.83 and a one year high of $5.11. The stock’s fifty day moving average is $3.19 and its 200-day moving average is $3.38.

Krispy Kreme (NASDAQ:DNUT) last issued its quarterly earnings data on Thursday, August 6th. The company reported ($0.03) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.03). The business had revenue of $331.00 million for the quarter, compared to analysts’ expectations of $303.35 million. Krispy Kreme had a negative net margin of 6.16% and a negative return on equity of 1.17%. The company’s revenue was down 12.8% on a year-over-year basis. During the same period in the previous year, the business earned ($0.15) earnings per share. Equities analysts anticipate that Krispy Kreme will post -0.06 EPS for the current year.

Institutional Investors Weigh In On Krispy Kreme

A number of institutional investors have recently added to or reduced their stakes in DNUT. Carlyle Group Inc. bought a new stake in shares of Krispy Kreme in the 2nd quarter worth $1,203,000. AlpInvest Partners B.V. acquired a new stake in shares of Krispy Kreme in the second quarter valued at $2,231,000. BlackRock Inc. acquired a new stake in shares of Krispy Kreme in the second quarter valued at $23,353,000. Lazard Asset Management LLC acquired a new stake in shares of Krispy Kreme in the first quarter valued at $1,883,000. Finally, Hsbc Holdings PLC bought a new position in Krispy Kreme during the second quarter valued at about $24,992,000. 81.72% of the stock is currently owned by institutional investors and hedge funds.

Krispy Kreme News Roundup

Here are the key news stories impacting Krispy Kreme this week:

• Positive Sentiment: Krispy Kreme announced a development agreement to open 33 shops across the New York metropolitan area. The expansion could increase distribution, brand visibility and long-term revenue, although execution costs and the pace of store openings remain risks. Krispy Kreme Announces Development Deal to Expand Across the New York Metro Area
• Positive Sentiment: The company launched a limited-time Looney Tunes Halloween “Lab Dozen”, a promotional product designed to drive seasonal traffic and purchases. Its financial impact is likely modest unless the campaign meaningfully improves same-store sales. Krispy Kreme Brings Fans a New Halloween Experiment
• Positive Sentiment: Krispy Kreme also promoted a new doughnut tied to the brand’s 100-year heritage, providing additional product and marketing momentum. Krispy Kreme Has an All-New Doughnut 100 Years in the Making
• Neutral Sentiment: Articles showing Krispy Kreme’s doughnut-making process and David Chang’s use of its doughnuts in a homemade dessert are primarily brand and consumer-interest stories, with no clear near-term effect on earnings. How David Chang Turns Krispy Kreme Donuts Into the Ultimate Homemade Dessert
• Negative Sentiment: A law firm is soliciting Krispy Kreme shareholders regarding possible insider breaches of fiduciary duties. The notice does not establish wrongdoing, but it could increase legal, governance and reputational concerns and weigh on investor sentiment. Did Krispy Kreme Insiders Breach Their Fiduciary Duties?

Krispy Kreme Company Profile

Krispy Kreme, Inc is a global doughnut and coffee company that produces and sells fresh doughnuts, packaged sweet treats, coffee and related beverages. Its signature Original Glazed doughnut is sold through Krispy Kreme shops, delivery channels, grocery retailers, convenience stores and other retail outlets.

Founded in Winston-Salem, North Carolina, in 1937 by Vernon Rudolph, Krispy Kreme has expanded from a regional doughnut maker into an international brand. The company serves customers through a combination of company-operated and franchised locations, as well as partnerships with retailers and other businesses.