Krispy Kreme’s (DNUT) “Buy” Rating Reiterated at Truist Financial

Krispy Kreme (NASDAQ:DNUT)‘s stock had its “buy” rating reaffirmed by research analysts at Truist Financial in a report issued on Wednesday,Benzinga reports. They presently have a $12.00 price objective on the stock, down from their prior price objective of $15.00. Truist Financial’s target price would indicate a potential upside of 68.30% from the stock’s previous close.

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

Krispy Kreme Trading Down 21.9 %

NASDAQ:DNUT opened at $7.13 on Wednesday. The company has a market capitalization of $1.21 billion, a P/E ratio of 41.94, a PEG ratio of 3.24 and a beta of 1.34. The company has a current ratio of 0.35, a quick ratio of 0.28 and a debt-to-equity ratio of 0.67. Krispy Kreme has a 12 month low of $6.35 and a 12 month high of $17.84. The firm has a fifty day simple moving average of $9.11 and a 200-day simple moving average of $10.40.

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

Institutional Investors Weigh In On Krispy Kreme

A number of institutional investors have recently modified their holdings of the business. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in Krispy Kreme during the fourth quarter worth approximately $10,591,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Krispy Kreme by 13.1% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 166,373 shares of the company’s stock valued at $1,652,000 after buying an additional 19,295 shares in the last quarter. Point72 Asset Management L.P. grew its stake in Krispy Kreme by 339.1% in the 4th quarter. Point72 Asset Management L.P. now owns 168,820 shares of the company’s stock valued at $1,676,000 after acquiring an additional 130,374 shares during the period. ProShare Advisors LLC increased its holdings in Krispy Kreme by 49.0% in the 4th quarter. ProShare Advisors LLC now owns 24,094 shares of the company’s stock worth $239,000 after acquiring an additional 7,927 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Krispy Kreme by 3.6% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 48,683 shares of the company’s stock worth $483,000 after acquiring an additional 1,707 shares during the period. 81.72% of the stock is currently owned by institutional investors and hedge funds.

About Krispy Kreme

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.