Krispy Kreme (NASDAQ:DNUT) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Krispy Kreme (NASDAQ:DNUT) from a sell rating to a hold rating in a report issued on Sunday morning.

DNUT has been the topic of a number of other research reports. Zacks Research upgraded Krispy Kreme from a “strong sell” rating to a “hold” rating in a report on Monday, December 22nd. Morgan Stanley reiterated an “underweight” rating and set a $3.00 target price on shares of Krispy Kreme in a research report on Tuesday, January 20th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Krispy Kreme in a research report on Monday, December 29th. Three research analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $5.59.

Krispy Kreme Trading Down 0.3%

Shares of DNUT opened at $2.96 on Friday. Krispy Kreme has a twelve month low of $2.50 and a twelve month high of $7.29. The company has a current ratio of 0.36, a quick ratio of 0.30 and a debt-to-equity ratio of 1.31. The firm has a market capitalization of $507.05 million, a P/E ratio of -0.99 and a beta of 1.31. The firm’s 50-day moving average is $3.64 and its two-hundred day moving average is $3.68.

Hedge Funds Weigh In On Krispy Kreme

Several institutional investors and hedge funds have recently modified their holdings of DNUT. SG Americas Securities LLC raised its holdings in Krispy Kreme by 53.0% in the 3rd quarter. SG Americas Securities LLC now owns 1,199,552 shares of the company’s stock valued at $4,642,000 after acquiring an additional 415,416 shares during the last quarter. XTX Topco Ltd grew its position in shares of Krispy Kreme by 452.4% in the second quarter. XTX Topco Ltd now owns 340,289 shares of the company’s stock valued at $990,000 after purchasing an additional 278,682 shares during the period. Federated Hermes Inc. increased its stake in Krispy Kreme by 78.9% in the second quarter. Federated Hermes Inc. now owns 3,007,345 shares of the company’s stock valued at $8,751,000 after purchasing an additional 1,326,212 shares during the last quarter. Divisadero Street Capital Management LP purchased a new position in Krispy Kreme during the second quarter worth about $1,455,000. Finally, Vanguard Personalized Indexing Management LLC purchased a new position in Krispy Kreme during the second quarter worth about $30,000. Hedge funds and other institutional investors own 81.72% of the company’s stock.

More Krispy Kreme News

Here are the key news stories impacting Krispy Kreme this week:

• Positive Sentiment: Krispy Kreme announced an official partnership with OREO® for a limited‑time doughnut collection launching Feb. 24 at participating U.S. shops — a clear marketing push expected to drive short‑term store visits and incremental same‑store sales. Business Wire: An Iconic Duo
• Positive Sentiment: National and local outlets are amplifying the launch (coverage highlights craveability and three distinct flavors), which should increase brand visibility and promotional lift during the limited run. MLive: Bold, craveable…
• Neutral Sentiment: Multiple lifestyle sites and local news pieces are reproducing product details and availability info — useful for short‑term traffic but unlikely to change long‑term fundamentals on their own. KYMA: Krispy Kreme teams up with Oreo
• Negative Sentiment: At least one consumer comparison article favors a competitor’s in‑store donut taste over Krispy Kreme, which could dampen some of the promotional momentum if repeated or amplified. MSN: The Best Donut Brand…

About Krispy Kreme

Krispy Kreme Doughnuts, Inc (NASDAQ: DNUT) is a global retailer and wholesaler renowned for its signature Original Glazed doughnut and a variety of other sweet treats. The company operates through a combination of company-owned stores, franchise outlets and strategic partnerships with supermarkets, convenience stores and other foodservice channels. In addition to its doughnut portfolio, Krispy Kreme offers freshly brewed coffee, assorted beverages and proprietary seasonal items designed to drive traffic and foster brand loyalty.

Founded in 1937 in Winston-Salem, North Carolina, by Vernon Rudolph, Krispy Kreme has grown from a single local shop to a multinational brand.