Krispy Kreme Inc (NASDAQ:DNUT) saw a downside of -0.70% to close Friday at $12.79 after subtracting -$0.09 on the day. The 5-day average trading volume is 686,220 shares of the company’s common stock. It has gained $13.31 in the past week and touched a new high 3 times within the past 5 days. An average of 802,965 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 908,636.
DNUT’s 1-month performance is -4.34% or -$0.55 on its low of $12.77 reached on 09/22/23. The company’s shares have touched a 52-week low of $10.21 and high of $16.22, with the stock’s rally to the 52-week high happening on 07/19/23. YTD, DNUT has achieved 23.93% or $2.47 and has reached a new high 27 times. However, the current price is down -21.15% from the 52-week high price.
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Valuation Metrics
DNUT stock has a beta of 1.61. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.34 while the price-to-book (PB) in the most recent quarter is 1.77, with the price to cash flow ratio at 116.98.
Krispy Kreme Inc’s quick ratio for the period ended June 29 was 0.28, with the current ratio over the same period at 0.36. As well, the company’s long term debt to equity for the quarter ending June 29 was 1.03, while the total debt to equity was 1.10. In terms of profitability, the gross margin trailing 12 months is 19.72%. The trailing 12-month EBITDA margin is 10.00% while for the period ending June 29, Krispy Kreme Inc’s operating margin was 2.10%. The firm’s gross profit as reported stood at $1.12 billion against revenue of $1.53 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income grew 1850.0% to $0.22 million, while revenue of -$0.3 million was 236.36% off the previous quarter. Analysts expected DNUT to announce $0.07 per share in earnings in its latest quarter, but it posted $0.07, representing a 0.00% surprise. EBITDA for the quarter stood at more than $30.46 million. DNUT stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 1.87 billion, with total debt at $1.34 billion. Shareholders hold equity totaling $168.2 million.
Let’s look briefly at Krispy Kreme Inc (DNUT) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 22 September was 33.53% to suggest the stock is trending Neutral, with historical volatility in this time period at 19.96%.
The stock’s 5-day moving average is $13.00, reflecting a -2.59% or -$0.34 change from its current price. DNUT is currently trading -3.03% above its 20-day SMA, -15.35% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -17.27% and SMA200 by-15.74%.
Stochastic %K and %D was 10.16% and 19.27% and the average true range (ATR) pointed at 0.26. The RSI (14) points at 36.24%, while the 14-day stochastic is at 2.56% with the period’s ATR at 0.28. The stock’s 9-day MACD Oscillator is pointing at -0.13 and -0.17 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Krispy Kreme Inc (NASDAQ: DNUT), Piper Sandler launched coverage with a Neutral rating. Analysts offering their rating for DNUT stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate DNUT as a “sell,”, while 4 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 3 have offered a “buy” rating.
What is DNUT’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $14.00 and a high of $20.00, with their median price target at $16.00. Looking at these predictions, the average price target given by analysts is for Krispy Kreme Inc (DNUT) stock is $16.50.
