Krispy Kreme (NASDAQ:DNUT) Stock Rating Upgraded by Wall Street Zen

Krispy Kreme (NASDAQ:DNUT) was upgraded by investment analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report issued on Sunday.

DNUT has been the subject of a number of other research reports. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Krispy Kreme in a research note on Monday, December 29th. Zacks Research raised shares of Krispy Kreme from a “strong sell” rating to a “hold” rating in a research report on Monday, December 22nd. Finally, Morgan Stanley reiterated an “underweight” rating and issued a $3.00 price target on shares of Krispy Kreme in a report on Tuesday, January 20th. Three equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $5.59.

Krispy Kreme Stock Performance

Krispy Kreme stock opened at $2.97 on Friday. The stock has a fifty day moving average price of $3.67 and a 200 day moving average price of $3.68. Krispy Kreme has a 52 week low of $2.50 and a 52 week high of $9.27. The firm has a market capitalization of $508.76 million, a P/E ratio of -0.99 and a beta of 1.31. The company has a current ratio of 0.36, a quick ratio of 0.30 and a debt-to-equity ratio of 1.31.

Institutional Investors Weigh In On Krispy Kreme

Several institutional investors have recently bought and sold shares of the business. Arizona State Retirement System raised its stake in shares of Krispy Kreme by 11.9% in the 3rd quarter. Arizona State Retirement System now owns 27,771 shares of the company’s stock valued at $107,000 after acquiring an additional 2,961 shares during the period. R Squared Ltd increased its holdings in Krispy Kreme by 33.4% in the 3rd quarter. R Squared Ltd now owns 14,216 shares of the company’s stock valued at $55,000 after purchasing an additional 3,556 shares in the last quarter. Deutsche Bank AG raised its position in Krispy Kreme by 4.5% in the fourth quarter. Deutsche Bank AG now owns 83,611 shares of the company’s stock valued at $336,000 after purchasing an additional 3,638 shares during the period. Russell Investments Group Ltd. lifted its stake in shares of Krispy Kreme by 1,229.5% during the third quarter. Russell Investments Group Ltd. now owns 8,469 shares of the company’s stock worth $33,000 after purchasing an additional 7,832 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its position in shares of Krispy Kreme by 21.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 47,672 shares of the company’s stock worth $192,000 after buying an additional 8,351 shares during the period. 81.72% of the stock is currently owned by hedge funds and other institutional investors.

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.