Krispy Kreme (NASDAQ:DNUT) Price Target Lowered to $4.00 at Capital One Financial

Krispy Kreme (NASDAQ:DNUT) had its target price cut by Capital One Financial from $6.00 to $4.00 in a research note published on Thursday morning, Marketbeat.com reports. They currently have an equal weight rating on the stock.

Other analysts also recently issued reports about the company. Bank of America cut their target price on Krispy Kreme from $7.00 to $6.00 and set a “buy” rating for the company in a research report on Friday, July 18th. Zacks Research downgraded Krispy Kreme from a “hold” rating to a “strong sell” rating in a research note on Monday, August 25th. BNP Paribas upgraded shares of Krispy Kreme to a “hold” rating in a research note on Monday, July 21st. Morgan Stanley decreased their target price on shares of Krispy Kreme from $3.00 to $2.50 and set an “overweight” rating on the stock in a report on Monday, July 14th. Finally, JPMorgan Chase & Co. restated an “underweight” rating on shares of Krispy Kreme in a research report on Wednesday, August 27th. Three research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $6.45.

Krispy Kreme Stock Up 0.5%

Shares of DNUT opened at $3.78 on Thursday. The company has a current ratio of 0.34, a quick ratio of 0.26 and a debt-to-equity ratio of 1.24. Krispy Kreme has a 12 month low of $2.50 and a 12 month high of $12.68. The firm’s 50 day moving average is $3.46 and its 200-day moving average is $3.59. The stock has a market capitalization of $647.14 million, a PE ratio of -1.43 and a beta of 1.34.

Krispy Kreme (NASDAQ:DNUT) last issued its quarterly earnings results on Thursday, August 7th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.10). The company had revenue of $379.77 million during the quarter, compared to the consensus estimate of $382.25 million. Krispy Kreme had a negative net margin of 29.33% and a negative return on equity of 5.55%. The company’s quarterly revenue was down 13.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.05 earnings per share. Equities research analysts forecast that Krispy Kreme will post 0.07 EPS for the current year.

Institutional Trading of Krispy Kreme

Institutional investors and hedge funds have recently bought and sold shares of the stock. Ameriprise Financial Inc. acquired a new position in Krispy Kreme during the 4th quarter worth about $128,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Krispy Kreme by 13.1% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 166,373 shares of the company’s stock worth $1,652,000 after acquiring an additional 19,295 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of Krispy Kreme by 1,440.9% in the first quarter. GAMMA Investing LLC now owns 9,338 shares of the company’s stock worth $46,000 after acquiring an additional 8,732 shares during the period. Rhumbline Advisers boosted its holdings in Krispy Kreme by 3.2% in the first quarter. Rhumbline Advisers now owns 122,856 shares of the company’s stock valued at $604,000 after acquiring an additional 3,773 shares during the last quarter. Finally, SG Americas Securities LLC boosted its holdings in Krispy Kreme by 275.1% in the first quarter. SG Americas Securities LLC now owns 314,630 shares of the company’s stock valued at $1,548,000 after acquiring an additional 230,761 shares during the last quarter. 81.72% of the stock is currently owned by institutional investors and hedge funds.

About Krispy Kreme

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.