tiprankstipranks
Blurbs

Krispy Kreme (DNUT) Receives a Buy from Evercore ISI

In a report released yesterday, David Palmer from Evercore ISI maintained a Buy rating on Krispy Kreme (DNUTResearch Report), with a price target of $20.00. The company’s shares closed last Monday at $14.40.

According to TipRanks.com, Palmer is a 5-star analyst with an average return of 7.9% and a 63.6% success rate. Palmer covers the Consumer Goods sector, focusing on stocks such as Mondelez International, Conagra Brands, and Hain Celestial.

Currently, the analyst consensus on Krispy Kreme is a Strong Buy with an average price target of $19.40.

See Insiders’ Hot Stocks on TipRanks >>

Based on Krispy Kreme’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $371 million and net profit of $1.36 million. In comparison, last year the company earned revenue of $326 million and had a GAAP net loss of $25.3 million.

Based on the recent corporate insider activity of 42 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of DNUT in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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:

Tired of arriving late to the Big Returns Party?​
Most investors don’t have major gainers like TSLA or NVDA on their radar from the start.
The profusion of opinions on social media and financial blogs makes it impossible to distinguish between real growth potential and pure hype.
​​For the past decade, we have developed and perfected technology designed to help private investors, just like you, find the best opportunities, with the greatest upside potential, in any financial climate.​
Learn More