Krispy Kreme (NASDAQ:DNUT) PT Lowered to $14.00

Krispy Kreme (NASDAQ:DNUTGet Rating) had its target price decreased by stock analysts at Deutsche Bank Aktiengesellschaft from $16.00 to $14.00 in a research report issued on Thursday, The Fly reports. Deutsche Bank Aktiengesellschaft’s price target would indicate a potential downside of 3.11% from the company’s previous close.

Other equities analysts have also issued reports about the stock. Citigroup cut their price objective on shares of Krispy Kreme from $16.00 to $15.00 and set a “neutral” rating on the stock in a report on Thursday. Zacks Investment Research lowered shares of Krispy Kreme from a “hold” rating to a “sell” rating in a report on Thursday, April 28th. Finally, Morgan Stanley cut their price objective on shares of Krispy Kreme from $20.00 to $18.00 and set an “overweight” rating on the stock in a report on Thursday, April 14th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $17.57.

Krispy Kreme stock opened at $14.45 on Thursday. The company has a 50 day moving average price of $13.94 and a 200-day moving average price of $14.74. The company has a quick ratio of 0.23, a current ratio of 0.30 and a debt-to-equity ratio of 0.51. Krispy Kreme has a fifty-two week low of $11.98 and a fifty-two week high of $21.69.

Krispy Kreme (NASDAQ:DNUTGet Rating) last posted its quarterly earnings results on Tuesday, February 22nd. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.01). Krispy Kreme had a negative net margin of 1.22% and a positive return on equity of 3.45%. The company had revenue of $370.60 million for the quarter, compared to the consensus estimate of $363.04 million. The firm’s revenue was up 13.8% compared to the same quarter last year. As a group, analysts predict that Krispy Kreme will post 0.28 earnings per share for the current year.

In other news, CEO Michael J. Tattersfield purchased 9,500 shares of the business’s stock in a transaction on Thursday, March 10th. The shares were acquired at an average cost of $13.95 per share, with a total value of $132,525.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Ameritas Investment Partners Inc. grew its holdings in shares of Krispy Kreme by 292.0% during the first quarter. Ameritas Investment Partners Inc. now owns 6,602 shares of the company’s stock valued at $98,000 after buying an additional 4,918 shares during the last quarter. Renaissance Technologies LLC purchased a new stake in shares of Krispy Kreme during the first quarter valued at $178,000. Northern Trust Corp lifted its position in Krispy Kreme by 178.8% during the first quarter. Northern Trust Corp now owns 661,703 shares of the company’s stock valued at $9,826,000 after purchasing an additional 424,351 shares during the period. Charles Schwab Investment Management Inc. lifted its position in Krispy Kreme by 74.5% during the first quarter. Charles Schwab Investment Management Inc. now owns 339,116 shares of the company’s stock valued at $5,036,000 after purchasing an additional 144,740 shares during the period. Finally, American International Group Inc. lifted its position in Krispy Kreme by 254.2% during the first quarter. American International Group Inc. now owns 42,267 shares of the company’s stock valued at $628,000 after purchasing an additional 30,333 shares during the period. 68.82% of the stock is currently owned by hedge funds and other institutional investors.

Krispy Kreme Company Profile (Get Rating)

Krispy Kreme, Inc, together with its subsidiaries, operates through an omni-channel business model to provide doughnut experiences and produce doughnuts. The company operates through three segments: U.S. and Canada, International, and Market Development. It also produces cookies, brownies, cookie cakes, ice cream, cookie-wiches, and cold milk, as well as doughnut mixes, other ingredients, and doughnut-making equipment.

Featured Articles

The Fly logo

Analyst Recommendations for Krispy Kreme (NASDAQ:DNUT)

Receive News & Ratings for Krispy Kreme Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Krispy Kreme and related companies with MarketBeat.com's FREE daily email newsletter.