2 weeks Ago By ABMN Staff
Shares of Krispy Kreme, Inc. ( NASDAQ:DNUT – Get Free Report ) have been given an average rating of “Moderate Buy” by the nine brokerages that are currently covering the stock, MarketBeat.com reports.
Three equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $15.88.
DNUT has been the topic of several analyst reports. 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 upgraded shares of Krispy Kreme from a “hold” rating to a “buy” rating and boosted their price target for the stock from $13.
00 to $15.00 in a report on Monday, June 10th. Evercore ISI restated an “in-line” rating and set a $13.
00 price target on shares of Krispy Kreme in a report on Tuesday. Bank of America cut their price target on shares of Krispy Kreme from $19.00 to $16.
00 and set a “buy” rating on the stock in a report on Wednesday, July 17th. Finally, JPMorgan Chase & Co. initiated coverage on shares of Krispy Kreme in a report on Monday, June 3rd.
They set an “overweight” rating and a $14.00 price target on the stock. Get Our Latest Research Report on Krispy Kreme Krispy Kreme Stock Up 1.
9 % Krispy Kreme ( NASDAQ:DNUT – Get Free Report ) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.05 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.
05. The firm had revenue of $438.80 million during the quarter, compared to analysts’ expectations of $435.
43 million. Krispy Kreme had a negative net margin of 2.70% and a positive return on equity of 1.
40%. The business’s revenue was up 7.3% on a year-over-year basis.
During the same period last year, the company earned $0.04 earnings per share. On average, equities research analysts forecast that Krispy Kreme will post 0.
14 EPS for the current fiscal year. Institutional Trading of Krispy Kreme Several hedge funds and other institutional investors have recently modified their holdings of the business. Blue Trust Inc.
purchased a new stake in shares of Krispy Kreme during the 2nd quarter valued at approximately $68,000. Tidal Investments LLC purchased a new stake in shares of Krispy Kreme during the 1st quarter valued at approximately $154,000. Victory Capital Management Inc.
purchased a new stake in shares of Krispy Kreme during the 4th quarter valued at approximately $157,000. Armistice Capital LLC purchased a new stake in shares of Krispy Kreme during the 4th quarter valued at approximately $170,000. Finally, Sciencast Management LP purchased a new stake in shares of Krispy Kreme during the 1st quarter valued at approximately $223,000.
Institutional investors own 81.72% of the company’s stock. Krispy Kreme Company Profile ( Get Free Report 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. Featured Articles Receive News & Ratings for Krispy Kreme Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Krispy Kreme and related companies with MarketBeat.com's FREE daily email newsletter .
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