Krispy Kreme (NASDAQ:DNUT) Trading Down 4% – What’s Next?

Shares of Krispy Kreme, Inc. (NASDAQ:DNUT) traded down 4% on Thursday . The company traded as low as $4.15 and last traded at $4.1650. 699,677 shares traded hands during mid-day trading, a decline of 88% from the average session volume of 6,051,112 shares. The stock had previously closed at $4.34.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Weiss Ratings reiterated a “sell (d)” rating on shares of Krispy Kreme in a research report on Monday. Zacks Research downgraded shares of Krispy Kreme from a “hold” rating to a “strong sell” rating in a research report on Monday, August 25th. JPMorgan Chase & Co. reaffirmed an “underweight” rating on shares of Krispy Kreme in a research report on Wednesday, August 27th. Capital One Financial lowered their target price on Krispy Kreme from $6.00 to $4.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 2nd. Finally, Singular Research raised Krispy Kreme to a “moderate buy” rating in a report on Wednesday, October 22nd. Four analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Krispy Kreme presently has a consensus rating of “Hold” and a consensus target price of $5.51.

Krispy Kreme Trading Down 2.9%

The company has a market capitalization of $722.03 million, a PE ratio of -1.41 and a beta of 1.31. The company has a 50 day simple moving average of $3.78 and a 200 day simple moving average of $3.43. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.30 and a current ratio of 0.36.

Krispy Kreme (NASDAQ:DNUT) last posted its quarterly earnings results on Thursday, November 6th. The company reported $0.01 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.07. The firm had revenue of $375.30 million for the quarter, compared to analyst estimates of $378.29 million. Krispy Kreme had a negative net margin of 33.27% and a negative return on equity of 5.13%. Krispy Kreme’s quarterly revenue was down 1.2% on a year-over-year basis. During the same period in the previous year, the business posted ($0.01) earnings per share. Analysts anticipate that Krispy Kreme, Inc. will post 0.07 earnings per share for the current year.

Hedge Funds Weigh In On Krispy Kreme

Institutional investors and hedge funds have recently bought and sold shares of the company. PharVision Advisers LLC acquired a new position in Krispy Kreme during the third quarter worth $62,000. Quantessence Capital LLC acquired a new position in Krispy Kreme during the 3rd quarter worth about $66,000. Mariner LLC boosted its holdings in Krispy Kreme by 98.7% during the 3rd quarter. Mariner LLC now owns 79,111 shares of the company’s stock valued at $306,000 after acquiring an additional 39,304 shares during the period. Jain Global LLC acquired a new position in Krispy Kreme in the 3rd quarter valued at about $49,000. Finally, Divisadero Street Capital Management LP increased its stake in Krispy Kreme by 117.9% during the third quarter. Divisadero Street Capital Management LP now owns 1,089,341 shares of the company’s stock worth $4,216,000 after purchasing an additional 589,341 shares during the period. 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.