Piper Sandler analyst Brian Mullan maintained a Hold rating on Krispy Kreme (DNUT – Research Report) today and set a price target of $14.00. The company’s shares closed yesterday at $13.10.
Mullan covers the Consumer Cyclical sector, focusing on stocks such as BJ’s Restaurants, Domino’s Pizza, and Brinker International. According to TipRanks, Mullan has an average return of 10.7% and a 61.54% success rate on recommended stocks.
The word on The Street in general, suggests a Hold analyst consensus rating for Krispy Kreme with a $14.70 average price target, a 12.21% upside from current levels. In a report released on November 20, J.P. Morgan also downgraded the stock to a Hold with a $13.00 price target.
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DNUT market cap is currently $2.21B and has a P/E ratio of -50.91.
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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.
Read More on DNUT:
- Boeing upgraded, Arm initiated: Wall Street’s top analyst calls
- Krispy Kreme downgraded to Neutral from Overweight at JPMorgan
- Krispy Kreme price target lowered to $14 from $15 at Citi
- McDonald’s, Krispy Kreme in talks to expand partnership, CNBC reports
- Krispy Kreme (NASDAQ: DNUT) Dips as Q3 Results Miss Estimates
