Krispy Kreme Inc (NASDAQ: DNUT) Not A Good Play Anymore?

Krispy Kreme Inc (DNUT) concluded trading on Wednesday at a closing price of $14.63, with 3.54 million shares of worth about $51.74 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 17.70% during that period and on April 3, 2024 the price saw a loss of about -1.88%. Currently the company’s common shares owned by public are about 168.63M shares, out of which, 80.49M shares are available for trading.

Stock saw a price change of -15.68% in past 5 days and over the past one month there was a price change of 16.48%. Year-to-date (YTD), DNUT shares are showing a performance of -3.05% which decreased to -5.92% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $11.52 but also hit the highest price of $17.84 during that period. The average intraday trading volume for Krispy Kreme Inc shares is 2.11 million. The stock is currently trading 11.12% above its 20-day simple moving average (SMA20), while that difference is up 10.62% for SMA50 and it goes to 7.70% higher than SMA200.

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Krispy Kreme Inc (NASDAQ: DNUT) currently have 168.63M outstanding shares and institutions hold larger chunk of about 45.85% of that.

The stock has a current market capitalization of $2.47B and its 3Y-monthly beta is at 1.46. It has posted earnings per share of -$0.23 in the same period. It has Quick Ratio of 0.26 while making debt-to-equity ratio of 1.19. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for DNUT, volatility over the week remained 6.06% while standing at 4.57% over the month.

Stock’s fiscal year EPS is expected to rise by 5.86% while it is estimated to increase by 50.19% in next year. EPS is likely to grow at an annualized rate of 16.10% for next 5-years, compared to annual growth of -24.46% made by the stock over the past 5-years.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by CapitalOne on January 22, 2024 offering an Equal weight rating for the stock and assigned a target price of $16 to it. Coverage by JP Morgan stated Krispy Kreme Inc (DNUT) stock as a Neutral in their note to investors on November 20, 2023, suggesting a price target of $13 for the stock. On October 30, 2023, Truist Downgrade their recommendations, while on June 14, 2023, Piper Sandler Initiated their ratings for the stock with a price target of $16. Stock get a Buy rating from Truist on March 22, 2023.

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