Krispy Kreme (NASDAQ:DNUT) Hits New 12-Month Low – What’s Next?

Shares of Krispy Kreme, Inc. (NASDAQ:DNUT) reached a new 52-week low during trading on Friday. The company traded as low as $2.81 and last traded at $2.82, with a volume of 3,979,786 shares. The stock had previously closed at $2.95.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Weiss Ratings cut shares of Krispy Kreme from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday, October 16th. Evercore set a $4.00 price objective on shares of Krispy Kreme in a report on Friday, August 7th. Zacks Research lowered shares of Krispy Kreme from a “hold” rating to a “strong sell” rating in a research report on Thursday, August 6th. Finally, Wall Street Zen cut Krispy Kreme from a “hold” rating to a “sell” rating in a research note on Saturday, August 8th. One analyst has rated the stock with a Buy rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Krispy Kreme has a consensus rating of “Reduce” and an average price target of $4.33.

Krispy Kreme Stock Performance

The company has a market cap of $486.17 million, a PE ratio of -5.04 and a beta of 1.25. The company has a current ratio of 0.36, a quick ratio of 0.29 and a debt-to-equity ratio of 1.28. The business has a fifty day moving average of $3.15 and a 200-day moving average of $3.36.

Krispy Kreme (NASDAQ:DNUT) last posted its earnings results on Thursday, August 6th. The company reported ($0.03) EPS for the quarter, hitting the consensus estimate of ($0.03). Krispy Kreme had a negative net margin of 6.16% and a negative return on equity of 1.17%. The firm had revenue of $331.00 million during the quarter, compared to analysts’ expectations of $303.35 million. During the same period last year, the company posted ($0.15) EPS. The company’s quarterly revenue was down 12.8% compared to the same quarter last year. Equities research analysts anticipate that Krispy Kreme, Inc. will post -0.06 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Krispy Kreme

A number of hedge funds have recently bought and sold shares of the business. Hsbc Holdings PLC purchased a new stake in Krispy Kreme during the 2nd quarter valued at $24,992,000. BlackRock Inc. bought a new position in shares of Krispy Kreme during the 2nd quarter valued at $23,353,000. AlpInvest Partners B.V. purchased a new position in shares of Krispy Kreme in the 2nd quarter worth $2,231,000. Squarepoint Ops LLC boosted its stake in shares of Krispy Kreme by 138.5% in the 2nd quarter. Squarepoint Ops LLC now owns 566,309 shares of the company’s stock worth $1,999,000 after buying an additional 328,885 shares during the last quarter. Finally, Lazard Asset Management LLC purchased a new position in shares of Krispy Kreme in the 1st quarter worth $1,883,000. Hedge funds and other institutional investors own 81.72% of the company’s stock.

Krispy Kreme Company Profile

Krispy Kreme, Inc is a global doughnut and coffee company best known for its Original Glazed doughnuts. The company sells doughnuts, packaged sweets, coffee and other beverages through Krispy Kreme shops, in-store retail displays and digital ordering channels.

Krispy Kreme operates a hub-and-spoke distribution model that combines doughnut-making hubs and shops with delivery to grocery stores, convenience stores and other retail locations. Its products are also distributed through partnerships and branded locations, allowing the company to expand its reach beyond traditional Krispy Kreme shops.

Founded in 1937 in Winston-Salem, North Carolina, by Vernon Rudolph, Krispy Kreme has grown into an international brand serving customers in the United States and various markets across North America, Europe, Asia and Oceania.