Bank of America Securities analyst Sara Senatore maintained a Buy rating on Krispy Kreme (DNUT – Research Report) today and set a price target of $31.00. The company’s shares opened today at $12.98.
According to TipRanks, Senatore is a 4-star analyst with an average return of 9.2% and a 53.57% success rate. Senatore covers the Consumer Cyclical sector, focusing on stocks such as Shake Shack, Krispy Kreme, and Wingstop.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Krispy Kreme with a $22.33 average price target.
Based on Krispy Kreme’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $450.91 million and a net profit of $2.61 million. In comparison, last year the company earned a revenue of $404.6 million and had a GAAP net loss of $2.72 million
Based on the recent corporate insider activity of 58 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of DNUT in relation to earlier this year.
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Krispy Kreme (DNUT) Company Description:
Krispy Kreme Inc is a sweet treat brand. It is an omnichannel business operating through a network of doughnut shops, partnerships with leading retailers, and a growing e-Commerce and delivery business. It earns maximum revenues from the company shops, branded sweet treat line, and DFD; followed by mix and equipment revenue from franchisees; and franchise royalties, and others.
