Stocks of Krispy Kreme Inc (NASDAQ:DNUT) traded higher last session on Wall Street, up 0.70% to $14.42.
DNUT stock price is now 8.43% away from the 50-day moving average and 6.11% away from the 200-day moving average. The market capitalization of the company currently stands at $2.43B.
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With the price target enhanced from $14 to $20, Piper Sandler Upgraded its rating from Neutral to Overweight for Krispy Kreme Inc (NASDAQ: DNUT). On January 22, 2024, CapitalOne recently initiated its ‘Equal Weight’ rating on the stock quoting a target price of $16, while ‘JP Morgan’ rates the stock as ‘Neutral’
In other news, Tattersfield Michael J., Director sold 100,000 shares of the company’s stock on Mar 11 ’24. The stock was sold for $1,282,090 at an average price of $12.82. Upon completion of the transaction, the Director now directly owns 2,936,940 shares in the company, valued at $42.35 million. A total of 52.29% of the company’s stock is owned by insiders.
During the past 12 months, Krispy Kreme Inc has had a low of $11.52 and a high of $17.84. As of last week, the company has a debt-to-equity ratio of 1.19, a current ratio of 0.33, and a quick ratio of 0.26. The fifty day moving average price for DNUT is $13.32 and a two-hundred day moving average price translates $13.59 for the stock.
The latest earnings results from Krispy Kreme Inc (NASDAQ: DNUT) was released for Dec, 2023. According to the Grocery Stores Company, earnings per share came in at $0.09, missing analysts’ expectations of $0.12 by -0.03. This compares to -$0.01 EPS in the same period last year. The net profit margin was -2.25% and return on equity was -3.19% for DNUT. The company reported revenue of $450.9 million for the quarter, compared to $404.6 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 11.44 percent. For the current quarter, analysts expect DNUT to generate $434.1M in revenue.
