Krispy Kreme, Inc. (NASDAQ:DNUT) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Krispy Kreme, Inc. (NASDAQ:DNUT) has been assigned an average recommendation of “Moderate Buy” from the nine analysts that are currently covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $15.88.

A number of equities analysts have recently issued reports on the company. Bank of America dropped their price target on Krispy Kreme from $19.00 to $16.00 and set a “buy” rating on the stock in a research note on Wednesday, July 17th. Hsbc Global Res upgraded Krispy Kreme from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 23rd. JPMorgan Chase & Co. began coverage on Krispy Kreme in a research report on Monday, June 3rd. They issued an “overweight” rating and a $14.00 price target for the company. Evercore ISI restated an “in-line” rating and issued a $13.00 price target on shares of Krispy Kreme in a research report on Tuesday. Finally, Truist Financial upgraded Krispy Kreme from a “hold” rating to a “buy” rating and upped their price target for the stock from $13.00 to $15.00 in a research report on Monday, June 10th.

Hedge Funds Weigh In On Krispy Kreme

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bamco Inc. NY raised its holdings in shares of Krispy Kreme by 2.6% in the first quarter. Bamco Inc. NY now owns 9,734,467 shares of the company’s stock worth $148,305,000 after buying an additional 246,600 shares during the period. Vanguard Group Inc. increased its holdings in Krispy Kreme by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 8,548,548 shares of the company’s stock worth $130,237,000 after purchasing an additional 67,130 shares during the period. Hsbc Holdings PLC increased its holdings in Krispy Kreme by 157.1% during the 4th quarter. Hsbc Holdings PLC now owns 6,978,000 shares of the company’s stock worth $106,130,000 after purchasing an additional 4,263,574 shares during the period. Dimensional Fund Advisors LP increased its holdings in Krispy Kreme by 38.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,779,882 shares of the company’s stock worth $40,670,000 after purchasing an additional 1,042,345 shares during the period. Finally, Millennium Management LLC increased its holdings in Krispy Kreme by 136.7% during the 2nd quarter. Millennium Management LLC now owns 3,500,855 shares of the company’s stock worth $37,669,000 after purchasing an additional 2,021,974 shares during the period. 81.72% of the stock is owned by institutional investors.

Krispy Kreme Stock Performance

Shares of DNUT opened at $10.97 on Wednesday. The company has a market cap of $1.85 billion, a price-to-earnings ratio of -40.63, a P/E/G ratio of 1.96 and a beta of 1.41. Krispy Kreme has a 12 month low of $9.18 and a 12 month high of $17.84. The company has a current ratio of 0.36, a quick ratio of 0.27 and a debt-to-equity ratio of 0.71. The business’s fifty day simple moving average is $10.61 and its two-hundred day simple moving average is $11.99.

Krispy Kreme (NASDAQ:DNUT) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.05 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.05. The firm had revenue of $438.80 million for the quarter, compared to the consensus estimate of $435.43 million. Krispy Kreme had a positive return on equity of 1.40% and a negative net margin of 2.70%. The company’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same period last year, the business posted $0.04 EPS. Research analysts anticipate that Krispy Kreme will post 0.14 earnings per share for the current fiscal year.

Krispy Kreme Company Profile

Krispy Kreme, Inc, together with its subsidiaries, produces doughnuts in the United States, the United Kingdom, Ireland, Australia, New Zealand, Mexico, Canada, Japan, and internationally. The company operates through three segments: U.S., International, and Market Development. The company offers doughnut experiences through hot light theater and fresh shops, delivered fresh daily branded cabinets and merchandising units within grocery and convenience stores, quick service restaurants, club memberships, drug stores, and ecommerce, as well as through its branded sweet treat line comprising Krispy Kreme branded sweet treats.