Krispy Kreme’s (DNUT) In-Line Rating Reiterated at Evercore ISI

Evercore ISI reaffirmed their in-line rating on shares of Krispy Kreme (NASDAQ:DNUT) in a report released on Tuesday, MarketBeat Ratings reports. The firm currently has a $13.00 price target on the stock.

A number of other equities analysts have also recently weighed in on DNUT. HSBC raised Krispy Kreme from a hold rating to a buy rating and set a $14.00 price objective on the stock in a report on Tuesday, July 23rd. Hsbc Global Res upgraded shares of Krispy Kreme from a hold rating to a strong-buy rating in a report on Tuesday, July 23rd. Truist Financial raised shares of Krispy Kreme from a hold rating to a buy rating and upped their price objective for the company from $13.00 to $15.00 in a research note on Monday, June 10th. JPMorgan Chase & Co. initiated coverage on shares of Krispy Kreme in a research report on Monday, June 3rd. They issued an overweight rating and a $14.00 target price on the stock. Finally, Bank of America cut their price target on shares of Krispy Kreme from $19.00 to $16.00 and set a buy rating for the company in a research report on Wednesday, July 17th. Three research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of Moderate Buy and an average price target of $15.88.

Krispy Kreme Trading Up 1.8 %

Shares of Krispy Kreme stock opened at $11.06 on Tuesday. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.36 and a quick ratio of 0.27. Krispy Kreme has a 1 year low of $9.18 and a 1 year high of $17.84. The firm has a market cap of $1.87 billion, a PE ratio of -40.96, a PEG ratio of 1.96 and a beta of 1.41. The company has a 50 day simple moving average of $10.59 and a two-hundred day simple moving average of $11.98.

Krispy Kreme (NASDAQ:DNUT) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.05 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.05. The company had revenue of $438.80 million during the quarter, compared to the consensus estimate of $435.43 million. Krispy Kreme had a negative net margin of 2.70% and a positive return on equity of 1.40%. The firm’s revenue was up 7.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.04 EPS. Analysts expect that Krispy Kreme will post 0.14 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Krispy Kreme

Hedge funds have recently modified their holdings of the company. Bamco Inc. NY boosted its holdings in shares of Krispy Kreme by 2.6% during the first quarter. Bamco Inc. NY now owns 9,734,467 shares of the company’s stock worth $148,305,000 after purchasing an additional 246,600 shares during the period. Vanguard Group Inc. grew its position in shares of Krispy Kreme by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 8,548,548 shares of the company’s stock worth $130,237,000 after buying an additional 67,130 shares during the last quarter. Hsbc Holdings PLC increased its stake in shares of Krispy Kreme by 157.1% during the fourth quarter. Hsbc Holdings PLC now owns 6,978,000 shares of the company’s stock valued at $106,130,000 after buying an additional 4,263,574 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Krispy Kreme by 38.1% during the second quarter. Dimensional Fund Advisors LP now owns 3,779,882 shares of the company’s stock valued at $40,670,000 after buying an additional 1,042,345 shares during the period. Finally, Millennium Management LLC raised its holdings in shares of Krispy Kreme by 136.7% during the second quarter. Millennium Management LLC now owns 3,500,855 shares of the company’s stock valued at $37,669,000 after acquiring an additional 2,021,974 shares in the last quarter. Hedge funds and other 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.