In a report released today, Brian Mullan from Piper Sandler reiterated a Hold rating on Krispy Kreme (DNUT – Research Report), with a price target of $14.00. The company’s shares closed yesterday at $13.16.
Mullan covers the Consumer Cyclical sector, focusing on stocks such as Chipotle, McDonald’s, and Starbucks. According to TipRanks, Mullan has an average return of 12.4% and a 66.04% success rate on recommended stocks.
The word on The Street in general, suggests a Hold analyst consensus rating for Krispy Kreme with a $15.75 average price target.
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The company has a one-year high of $16.10 and a one-year low of $11.49. Currently, Krispy Kreme has an average volume of 795K.
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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.
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