Krispy Kreme Inc. (NASDAQ: DNUT) Drops -32.76% YTD: What’s Next? – Marketing Sentinel
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Krispy Kreme Inc. (NASDAQ: DNUT) Drops -32.76% YTD: What’s Next?

Krispy Kreme Inc. (NASDAQ:DNUT)’s traded shares stood at 0.86 million during the last session. At the close of trading, the stock’s price was $14.12, to imply an increase of 2.69% or $0.37 in intraday trading. The DNUT share’s 52-week high remains $21.69, putting it -53.61% down since that peak but still an impressive 9.21% since price per share fell to its 52-week low of $12.82. The company has a valuation of $2.32B, with an average of 0.75 million shares in intraday trading volume over the past 10 days and average of 1.52 million shares over the past 3 months.

Analysts have given a consensus recommendation of an Overweight for Krispy Kreme Inc. (DNUT), translating to a mean rating of 2.20. Of 11 analyst(s) looking at the stock, 0 analyst(s) give DNUT a Sell rating. 1 of those analysts rate the stock as Overweight while 3 advise Hold as 7 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at $0.06.

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Krispy Kreme Inc. (NASDAQ:DNUT) trade information

After registering a 2.69% upside in the last session, Krispy Kreme Inc. (DNUT) has traded red over the past five days. The stock hit a weekly high of 14.30 this Friday, 10/08/21, jumping 2.69% in its intraday price action. The 5-day price performance for the stock is -0.70%, and -12.13% over 30 days. With these gigs, the year-to-date price performance is -32.76%. Short interest in Krispy Kreme Inc. (NASDAQ:DNUT) saw shorts transact 4.95 million shares and set a 3.11 days time to cover.

Analysts on Wall Street suggest a consensus price target of $20.73, implying an increase of 31.89% to the stock’s current value. The extremes give us $16.00 and $25.00 for target low and target high price respectively. As such, DNUT has been trading -77.05% off suggested target high and -13.31% from its likely low.

Krispy Kreme Inc. (DNUT) estimates and forecasts

Revenue forecast for the current quarter as set by 5 analysts is $337.11 million. Meanwhile, for the quarter ending Dec 2021, a total of 5 analyst(s) estimate revenue growth to $356.02 million.

DNUT Dividends

Krispy Kreme Inc. has its next earnings report out in November. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Krispy Kreme Inc. has a forward dividend ratio of 0.14, with the share yield ticking at 0.99% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.

Krispy Kreme Inc. (NASDAQ:DNUT)’s Major holders

Krispy Kreme Inc. insiders hold 47.78% of total outstanding shares, with institutional holders owning 10.83% of the shares at 20.74% float percentage. In total, 10.83% institutions holds shares in the company, led by Fidelity Blue Chip Growth Fund. As of Aug 30, 2021, the company held over 98948.0 shares (or 0.06% of shares), all amounting to roughly $1.65 million.

The next major institution holding the largest number of shares is Fidelity NASDAQ Composite Index Fund with 90430.0 shares, or about 0.05% of shares outstanding. As of the market price on Jul 30, 2021, these shares were worth $1.44 million.

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