Krispy Kreme (NASDAQ:DNUT) PT Raised to $19.00 at Citigroup

Krispy Kreme (NASDAQ:DNUT) had its price objective boosted by stock analysts at Citigroup from $14.00 to $19.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Citigroup’s price objective indicates a potential upside of 24.71% from the company’s current price.

Several other equities analysts have also recently weighed in on DNUT. JPMorgan Chase & Co. reduced their price target on Krispy Kreme from $14.00 to $13.00 and set a “neutral” rating for the company in a research report on Tuesday, March 19th. Capital One Financial began coverage on Krispy Kreme in a research report on Monday, January 22nd. They issued an “equal weight” rating and a $16.00 price target on the stock. Seven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $16.06.

Krispy Kreme Stock Performance

Shares of Krispy Kreme stock opened at $15.24 on Wednesday. The stock has a market capitalization of $2.57 billion, a price-to-earnings ratio of -69.25, a PEG ratio of 4.23 and a beta of 1.43. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.26 and a current ratio of 0.33. Krispy Kreme has a 52 week low of $11.52 and a 52 week high of $17.84. The firm has a fifty day moving average of $13.16 and a two-hundred day moving average of $13.26.

Krispy Kreme (NASDAQ:DNUT) last issued its earnings results on Tuesday, February 13th. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.04). Krispy Kreme had a positive return on equity of 2.02% and a negative net margin of 2.25%. The firm had revenue of $450.90 million during the quarter, compared to analyst estimates of $438.95 million. During the same period in the previous year, the company earned $0.11 EPS. Krispy Kreme’s revenue for the quarter was up 11.4% on a year-over-year basis. As a group, equities research analysts predict that Krispy Kreme will post 0.17 EPS for the current year.

Insider Buying and Selling at Krispy Kreme

In other Krispy Kreme news, Director Michael J. Tattersfield sold 100,000 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $12.82, for a total value of $1,282,000.00. Following the completion of the transaction, the director now owns 2,936,940 shares of the company’s stock, valued at approximately $37,651,570.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 4.00% of the stock is owned by insiders.

Institutional Investors Weigh In On Krispy Kreme

Several hedge funds and other institutional investors have recently bought and sold shares of DNUT. US Bancorp DE acquired a new position in Krispy Kreme in the first quarter valued at $30,000. Tower Research Capital LLC TRC boosted its holdings in Krispy Kreme by 100.3% during the first quarter. Tower Research Capital LLC TRC now owns 2,113 shares of the company’s stock worth $33,000 after buying an additional 1,058 shares in the last quarter. Lazard Asset Management LLC purchased a new stake in shares of Krispy Kreme in the fourth quarter valued at about $35,000. UBS Group AG lifted its holdings in shares of Krispy Kreme by 28.3% in the second quarter. UBS Group AG now owns 3,672 shares of the company’s stock valued at $50,000 after purchasing an additional 810 shares in the last quarter. Finally, Advisor Group Holdings Inc. raised its position in shares of Krispy Kreme by 178.8% in the first quarter. Advisor Group Holdings Inc. now owns 4,330 shares of the company’s stock valued at $65,000 after buying an additional 2,777 shares during the last quarter. 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.