In yesterday’s Wall Street session, Krispy Kreme Inc (NASDAQ:DNUT) shares traded at $5.97, down -16.34% from the previous session.
DNUT stock price is now -34.44% away from the 50-day moving average and -43.58% away from the 200-day moving average. The market capitalization of the company currently stands at $1.01B.
With the price target reduced from $12 to $6, Morgan Stanley Downgraded its rating from Equal-Weight to Underweight for Krispy Kreme Inc (NASDAQ: DNUT)., while ‘Evercore ISI’ rates the stock as ‘In-line’
In other news, McBride Kelly P, Chief Accounting Officer sold 16,488 shares of the company’s stock on Sep 16 ’24. The stock was sold for $199,999 at an average price of $12.13. Upon completion of the transaction, the Chief Accounting Officer now directly owns 62,080 shares in the company, valued at $0.37 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 16 ’24, Officer McBride Kelly P bought 16,488 shares of the business’s stock. A total of $199,999 was incurred on buying the stock at an average price of $12.13. A total of 51.07% of the company’s stock is owned by insiders.
During the past 12 months, Krispy Kreme Inc has had a low of $6.35 and a high of $17.84. As of last week, the company has a debt-to-equity ratio of 1.19, a current ratio of 0.36, and a quick ratio of 0.30.
The net profit margin was 0.19% and return on equity was 0.27% for DNUT. The company reported revenue of $379.87 million for the quarter, compared to $407.37 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -6.75 percent.
