Krispy Kreme (NASDAQ:DNUT) Reaches New 52-Week Low – Time to Sell?

Krispy Kreme, Inc. (NASDAQ:DNUT) shares hit a new 52-week low during mid-day trading on Monday. The company traded as low as $2.88 and last traded at $2.9150, with a volume of 159946 shares. The stock had previously closed at $2.89.

Wall Street Analyst Weigh In

DNUT has been the topic of several analyst reports. Evercore set a $4.00 price target on Krispy Kreme in a research report on Friday, August 7th. Weiss Ratings cut shares of Krispy Kreme from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, September 11th. Zacks Research lowered shares of Krispy Kreme from a “hold” rating to a “strong sell” rating in a report on Thursday, August 6th. Finally, Wall Street Zen cut shares of Krispy Kreme from a “hold” rating to a “sell” rating in a research note on Saturday, August 8th. Two investment analysts have rated the stock with a Buy rating and three have given a Sell rating to the company’s stock. According to MarketBeat, Krispy Kreme currently has an average rating of “Reduce” and a consensus price target of $4.33.

Krispy Kreme Trading Up 0.9%

The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.29 and a current ratio of 0.36. The stock has a market cap of $502.55 million, a P/E ratio of -5.21 and a beta of 1.27. The stock has a 50-day moving average price of $3.25 and a 200-day moving average price of $3.42.

Krispy Kreme (NASDAQ:DNUT) last posted its quarterly earnings data on Thursday, August 6th. The company reported ($0.03) earnings per share 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 company had revenue of $331.00 million for the quarter, compared to analysts’ expectations of $303.35 million. During the same period in the prior year, the business earned ($0.15) earnings per share. Krispy Kreme’s revenue for the quarter was down 12.8% compared to the same quarter last year. On average, equities research analysts expect that Krispy Kreme, Inc. will post -0.06 EPS for the current year.

Institutional Trading of Krispy Kreme

Hedge funds have recently made changes to their positions in the stock. Carlyle Group Inc. purchased a new stake in Krispy Kreme during the second quarter valued at about $1,203,000. AlpInvest Partners B.V. purchased a new position in shares of Krispy Kreme in the 2nd quarter worth about $2,231,000. BlackRock Inc. bought a new position in shares of Krispy Kreme during the 2nd quarter valued at about $23,353,000. Lazard Asset Management LLC bought a new position in shares of Krispy Kreme during the 1st quarter valued at about $1,883,000. Finally, Hsbc Holdings PLC purchased a new position in shares of Krispy Kreme during the 2nd quarter valued at about $24,992,000. 81.72% of the stock is owned by institutional investors.

Krispy Kreme Company Profile

Krispy Kreme, Inc is a global doughnut and coffee company best known for its Original Glazed doughnuts. The company operates and franchises doughnut shops, cafés and other retail locations, while also distributing its products through grocery stores, convenience stores and other points of access. Its offerings generally include doughnuts, coffee and other beverages, as well as assorted baked goods and seasonal products.

Founded in Winston-Salem, North Carolina, in 1937 by Vernon Rudolph, Krispy Kreme has expanded from a regional doughnut maker into an international brand.