Why Krispy Kreme Inc’s (DNUT) Stock Is Down 5.95%

By Cynthia McLaughlin
May 29, 2024
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Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Krispy Kreme Inc before investing.

In this article, we go over a few key elements for understanding Krispy Kreme Inc’s stock price such as:

  • Krispy Kreme Inc’s current stock price and volume
  • Why Krispy Kreme Inc’s stock price changed recently
  • Upgrades and downgrades for DNUT from analysts
  • DNUT’s stock price momentum as measured by its relative strength

About Krispy Kreme Inc (DNUT)

Before we jump into Krispy Kreme Inc’s stock price, history, target price and what caused it to recently dip, let’s take a look at some background.

Krispy Kreme, Inc. and its subsidiaries operate through an omni-channel business model to provide doughnut experiences and produce doughnuts for Doughnut Shops, Delivered Fresh Daily (DFD) outlets, and Ecommerce and delivery channels, expanding consumer access to the Krispy Kreme brand. The Company operates through three segments: U.S., International, and Market Development. U.S. segment includes all its Company-owned operations in the U.S., including its Krispy Kreme-branded shops and Insomnia Cookies Bakeries, DFD, and the recently exited Branded Sweet Treats business. International segment includes all its Krispy Kreme Company-owned operations in the U.K., Ireland, Australia, New Zealand, and Mexico. Market Development segment includes its franchise operations across the globe, as well as its Company-owned operations in Japan and Canada. It operates in 35 countries through its network of fresh doughnut shops, partnerships with retailers, ecommerce, and delivery business.

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Krispy Kreme Inc’s Stock Price as of Market Close

As of May 29, 2024, 4:00 PM, CST, Krispy Kreme Inc’s stock price was $10.12.

Krispy Kreme Inc is down 5.95% from its previous closing price of $10.76.

During the last market session, Krispy Kreme Inc’s stock traded between $10.75 and $11.21. Currently, there are 168.69 million shares of Krispy Kreme Inc stock available for purchase.

Unfortunately, Krispy Kreme Inc’s P/E ratio is not significant enough to use for stock price evaluation. We recommend investors evaluate other financial metrics to understand its overall valuation.

Krispy Kreme Inc Stock Price History

Krispy Kreme Inc’s (DNUT) price is currently down 20% so far this month.

During the month of May, Krispy Kreme Inc’s stock price has reached a high of $13.25 and a low of $10.12.

Over the last year, Krispy Kreme Inc has hit prices as high as $17.84 and as low as $10.75. Year to date, Krispy Kreme Inc’s stock is down 1.94%.

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What Caused Krispy Kreme Inc Stock’s Price to Dip?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of May 28, 2024, there were 3 analysts who downgraded Krispy Kreme Inc’s stock and 1 analyst who upgraded over the last month.

Additionally, you'll want to evaluate Krispy Kreme Inc’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Krispy Kreme Inc’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Krispy Kreme Inc’s current valuation based on AAII’s Value Grade is a C, which means it is considered to be Average.

Learn how to evaluate stocks with AAII Grades and Scores with A+ Investor today.

Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Krispy Kreme Inc (DNUT) by visiting AAII Stock Evaluator.

Relative Price Strength of Krispy Kreme Inc

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of May 28, 2024, Krispy Kreme Inc has a weighted four-quarter relative price strength of -14.08%, which translates to a Momentum Score of 24 and is considered to be Weak.

Want to learn more about how Krispy Kreme Inc is graded based on AAII’s composite scores for value, growth, quality and earnings estimate revisions? Subscribe to A+ Investor today.

Krispy Kreme Inc Stock Price: Bottom Line

As of May 29, 2024, Krispy Kreme Inc’s stock price is $10.12, which is down 5.95% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Krispy Kreme Inc stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

Subscribing to AAII's A+ Investor provides access to comprehensive analytics and insights for confident investing.

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