Krispy Kreme Inc. (DNUT) attracts a new wave of investors despite economic turmoil

The closing price of Krispy Kreme Inc. (NASDAQ: DNUT) was $14.12 for the day, up 5.53% from the previous closing price of $13.38. In other words, the price has increased by $+0.74 from its previous closing price. On the day, 960169 shares were traded. DNUT stock price reached its highest trading level at $14.15 during the session, while it also had its lowest trading level at $13.56.

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Our analysis of DNUT’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 0.30 and its Current Ratio is at 0.30. In the meantime, Its Debt-to-Equity ratio is 0.65 whereas as Long-Term Debt/Eq ratio is at 0.62.

Upgrades & Downgrades

On August 19, 2022, HSBC Securities Downgraded its rating to Hold which previously was Buy and also lowered its target price recommendation from $17 to $15.

Evercore ISI Downgraded its Outperform to In-line on August 18, 2022, whereas the target price for the stock was revised from $20 to $15.

Insider Transactions:

Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Aug 18 when Tattersfield Michael J. bought 30,000 shares for $12.61 per share. The transaction valued at 378,225 led to the insider holds 2,834,623 shares of the business.

Valuation Measures:

For the stock, the TTM Price-to-Sale (P/S) ratio is 1.57 while its Price-to-Book (P/B) ratio in mrq is 1.98.

Stock Price History:

Over the past 52 weeks, DNUT has reached a high of $16.06, while it has fallen to a 52-week low of $10.21. The 50-Day Moving Average of the stock is 12.38, while the 200-Day Moving Average is calculated to be 13.20.

Shares Statistics:

DNUT traded an average of 930.38K shares per day over the past three months and 863.41k shares per day over the past ten days. A total of 167.82M shares are outstanding, with a floating share count of 82.86M. Insiders hold about 2.80% of the company’s shares, while institutions hold 30.50% stake in the company. Shares short for DNUT as of Jan 12, 2023 were 9.34M with a Short Ratio of 9.70M, compared to 9.6M on Dec 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 5.58% and a Short% of Float of 10.92%.

Dividends & Splits

With its trailing 12-month dividend rate of 0.04, DNUT has a forward annual dividend rate of 0.14. Against a Trailing Annual Dividend Yield of 0.26%, it implies a Forward Annual Dividend Yield of 1.11%.

Earnings Estimates

The firm’s stock currently is rated by 8 analysts. On average, analysts expect EPS of $0.1 for the current quarter, with a high estimate of $0.11 and a low estimate of $0.08, while EPS last year was $0.08. The consensus estimate for the next quarter is $0.07, with high estimates of $0.08 and low estimates of $0.06.

Analysts are recommending an EPS of between $0.31 and $0.26 for the fiscal current year, implying an average EPS of $0.29. EPS for the following year is $0.36, with 9 analysts recommending between $0.49 and $0.24.

Revenue Estimates

It is expected that $90B in revenue will be generated in the current quarter, according to 5 analysts. It ranges from a high estimate of $399.3M to a low estimate of $389.1M. As of the current estimate, Krispy Kreme Inc.’s year-ago sales were $370.6M, an estimated increase of 6.50% from the year-ago figure. For the next quarter, 4 analysts are estimating revenue of $400.32M, an increase of 7.50% over than the figure of $6.50% in the same quarter last year. There is a high estimate of $403.79M for the next quarter, whereas the lowest estimate is $393M.

A total of 9 analysts have provided revenue estimates for DNUT’s current fiscal year. The highest revenue estimate was $1.56B, while the lowest revenue estimate was $1.51B, resulting in an average revenue estimate of $1.52B. In the same quarter a year ago, actual revenue was $1.38B, up 10.10% from the average estimate. Based on 9 analysts’ estimates, the company’s revenue will be $1.66B in the next fiscal year. The high estimate is $1.75B and the low estimate is $1.61B. The average revenue growth estimate for next year is up 9.20% from the average revenue estimate for this year.