Krispy Kreme (NASDAQ:DNUT) Receives Buy Rating from Truist Financial

Krispy Kreme (NASDAQ:DNUT)‘s stock had its “buy” rating reiterated by stock analysts at Truist Financial in a note issued to investors on Wednesday,Benzinga reports. They presently have a $12.00 target price on the stock, down from their previous target price of $15.00. Truist Financial’s target price suggests a potential upside of 68.30% from the company’s current price.

Other analysts have also issued research reports about the company. Piper Sandler lowered their price target on Krispy Kreme from $18.00 to $12.00 and set an “overweight” rating for the company in a report on Wednesday. JPMorgan Chase & Co. cut their target price on shares of Krispy Kreme from $14.00 to $13.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 12th. Finally, Morgan Stanley lowered shares of Krispy Kreme from an “equal weight” rating to an “underweight” rating and reduced their price target for the company from $12.00 to $6.00 in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $13.13.

Krispy Kreme Trading Down 21.9 %

Shares of NASDAQ DNUT opened at $7.13 on Wednesday. The business’s 50 day moving average price is $9.11 and its 200-day moving average price is $10.40. Krispy Kreme has a fifty-two week low of $6.35 and a fifty-two week high of $17.84. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.28 and a current ratio of 0.35. The company has a market cap of $1.21 billion, a price-to-earnings ratio of 41.94, a PEG ratio of 3.24 and a beta of 1.34.

Krispy Kreme (NASDAQ:DNUT) last released its earnings results on Tuesday, February 25th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.09). The business had revenue of $404.00 million for the quarter, compared to the consensus estimate of $413.18 million. Krispy Kreme had a return on equity of 0.53% and a net margin of 1.64%. The firm’s revenue for the quarter was down 10.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.09 earnings per share. On average, sell-side analysts expect that Krispy Kreme will post 0.07 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Spartan Fund Management Inc. grew its holdings in Krispy Kreme by 150.0% in the fourth quarter. Spartan Fund Management Inc. now owns 5,000 shares of the company’s stock worth $50,000 after purchasing an additional 3,000 shares during the last quarter. Point72 DIFC Ltd purchased a new stake in shares of Krispy Kreme during the 3rd quarter valued at $51,000. Central Pacific Bank Trust Division acquired a new stake in shares of Krispy Kreme in the 4th quarter worth $71,000. Blue Trust Inc. grew its stake in Krispy Kreme by 28.3% during the 3rd quarter. Blue Trust Inc. now owns 8,064 shares of the company’s stock worth $87,000 after buying an additional 1,779 shares during the last quarter. Finally, First Hawaiian Bank acquired a new position in Krispy Kreme during the 4th quarter valued at about $111,000. Institutional investors own 81.72% of the company’s stock.

Krispy Kreme Company Profile

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.