Krispy Kreme (NASDAQ:DNUT) Trading Down 5.1% – What’s Next?

Krispy Kreme, Inc. (NASDAQ:DNUT)’s stock price fell 5.1% during trading on Wednesday . The company traded as low as $3.31 and last traded at $3.2850. 336,878 shares traded hands during trading, a decline of 87% from the average session volume of 2,499,899 shares. The stock had previously closed at $3.46.

Wall Street Analysts Forecast Growth

DNUT has been the topic of a number of analyst reports. Morgan Stanley reissued an “underweight” rating and issued a $3.00 target price on shares of Krispy Kreme in a research note on Tuesday, January 20th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Krispy Kreme in a report on Monday, December 29th. Zacks Research raised Krispy Kreme from a “strong sell” rating to a “hold” rating in a report on Monday, December 22nd. Finally, Wall Street Zen upgraded Krispy Kreme from a “sell” rating to a “hold” rating in a research report on Sunday, February 22nd. Two research analysts have rated the stock with a Buy rating, five have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, Krispy Kreme has a consensus rating of “Reduce” and a consensus price target of $4.52.

Krispy Kreme Stock Up 0.5%

The business’s 50 day moving average price is $3.45 and its 200-day moving average price is $3.68. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.38 and a quick ratio of 0.30. The company has a market cap of $555.35 million, a P/E ratio of -1.06 and a beta of 1.27.

Krispy Kreme (NASDAQ:DNUT) last released its quarterly earnings results on Thursday, February 26th. The company reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.06. Krispy Kreme had a negative return on equity of 3.66% and a negative net margin of 33.87%.The business had revenue of $392.37 million for the quarter, compared to analyst estimates of $386.72 million. During the same period in the prior year, the company earned $0.01 EPS. Krispy Kreme’s revenue for the quarter was down 2.9% on a year-over-year basis. On average, analysts anticipate that Krispy Kreme, Inc. will post 0.07 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Capstone Financial Advisors Inc. bought a new stake in Krispy Kreme during the 2nd quarter worth about $29,000. Prudential Financial Inc. acquired a new position in shares of Krispy Kreme during the second quarter worth approximately $32,000. Russell Investments Group Ltd. lifted its position 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. Captrust Financial Advisors bought a new stake in shares of Krispy Kreme during the second quarter valued at approximately $34,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of Krispy Kreme in the second quarter valued at approximately $37,000. 81.72% of the stock is owned by 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.