Krispy Kreme (NASDAQ:DNUT) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Krispy Kreme (NASDAQ:DNUT) from a sell rating to a hold rating in a report issued on Saturday.

Several other research analysts have also commented on DNUT. Zacks Research raised Krispy Kreme from a “strong sell” rating to a “hold” rating in a research report on Monday, December 22nd. Singular Research upgraded shares of Krispy Kreme to a “moderate buy” rating in a report on Wednesday, October 22nd. Weiss Ratings reissued a “sell (d)” rating on shares of Krispy Kreme in a research report on Monday, December 29th. Finally, Capital One Financial cut their price objective on shares of Krispy Kreme from $6.00 to $4.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 2nd. Four analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, Krispy Kreme presently has an average rating of “Hold” and a consensus price target of $5.51.

Krispy Kreme Price Performance

Shares of DNUT stock opened at $3.63 on Friday. The stock has a 50 day moving average price of $4.15 and a 200 day moving average price of $3.75. Krispy Kreme has a 52-week low of $2.50 and a 52-week high of $9.56. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.30 and a current ratio of 0.36. The firm has a market capitalization of $621.82 million, a P/E ratio of -1.21 and a beta of 1.32.

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

Institutional Investors Weigh In On Krispy Kreme

A number of large investors have recently bought and sold shares of the company. SG Americas Securities LLC lifted its holdings in shares of Krispy Kreme by 53.0% in the 3rd quarter. SG Americas Securities LLC now owns 1,199,552 shares of the company’s stock valued at $4,642,000 after buying an additional 415,416 shares during the period. Pacific Point Advisors LLC purchased a new position in Krispy Kreme during the second quarter valued at approximately $341,000. Counterpoint Mutual Funds LLC acquired a new position in Krispy Kreme in the second quarter valued at approximately $333,000. XTX Topco Ltd boosted its position in Krispy Kreme by 452.4% in the 2nd quarter. XTX Topco Ltd now owns 340,289 shares of the company’s stock worth $990,000 after purchasing an additional 278,682 shares in the last quarter. Finally, Federated Hermes Inc. grew its stake in shares of Krispy Kreme by 78.9% during the 2nd quarter. Federated Hermes Inc. now owns 3,007,345 shares of the company’s stock worth $8,751,000 after purchasing an additional 1,326,212 shares during the period. Hedge funds and other institutional investors own 81.72% of the company’s stock.

About Krispy Kreme

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.