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 research report report published on Saturday,Wall Street Zen reports.

A number of other research analysts have also commented on the company. Evercore set a $4.00 target price on Krispy Kreme in a research note on Friday, August 7th. Weiss Ratings downgraded shares of Krispy Kreme from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, October 16th. Finally, Zacks Research upgraded shares of Krispy Kreme from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 27th. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Krispy Kreme presently has a consensus rating of “Reduce” and a consensus price target of $4.45.

Krispy Kreme Trading Down 3.4%

Krispy Kreme stock opened at $4.03 on Friday. The business has a 50 day moving average price of $3.15 and a two-hundred day moving average price of $3.35. The company has a quick ratio of 0.29, a current ratio of 0.36 and a debt-to-equity ratio of 1.28. The stock has a market cap of $694.77 million, a price-to-earnings ratio of -7.60 and a beta of 1.29. Krispy Kreme has a 12 month low of $2.81 and a 12 month high of $5.03.

Krispy Kreme (NASDAQ:DNUT) last announced its quarterly earnings data on Thursday, November 5th. The company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.05. Krispy Kreme had a negative return on equity of 1.17% and a negative net margin of 6.16%. The company had revenue of $328.76 million during the quarter, compared to the consensus estimate of $311.41 million. During the same quarter last year, the company earned $0.01 EPS. The company’s quarterly revenue was down 12.4% on a year-over-year basis. As a group, equities analysts forecast that Krispy Kreme will post -0.06 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Carlyle Group Inc. acquired a new position in shares of Krispy Kreme in the 2nd quarter worth approximately $1,203,000. AlpInvest Partners B.V. bought a new position in shares of Krispy Kreme during the 2nd quarter worth approximately $2,231,000. BlackRock Inc. bought a new position in shares of Krispy Kreme during the 2nd quarter worth approximately $23,353,000. Lazard Asset Management LLC acquired a new stake in Krispy Kreme in the 1st quarter valued at $1,883,000. Finally, Hsbc Holdings PLC acquired a new stake in Krispy Kreme in the 2nd quarter valued at $24,992,000. Institutional investors and hedge funds 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.