Krispy Kreme Stock Downgraded Before Earnings

The stock has been battling pressure at the $14 level

Deputy Editor
Nov 8, 2021 at 10:33 AM
facebook X logo linkedin

Krispy Kreme Inc (NASDAQ:DNUT) stock is down 1.4% to trade at $13.89 at last check, after a downgrade from Truist Securities to "hold" from "buy," with a price-target cut to $15 from $21. The firm noted that the labor shortage and wage inflation could postpone the company's expansion plans, but it still expects Krispy Kreme to post solid results for its upcoming earnings report.  

Analysts were bullish on DNUT heading into today. Six of the eight analysts covering the stock called it a "buy" or better. Plus, the 12-month consensus price target of $18.11 is a 29.4% premium to current levels. 

The stock has been consolidating below the $14 level since the start of November, with pressure from its 40-day moving average preventing a rally attempt off DNUT's late-October lows. DNUT has been publicly traded since early July, after it was previously public from 2000 to 2016, and is down 12.3% in the last three months. 

Today's bear note comes ahead of the stock's third-quarter earnings report, due out after the close on Tuesday, Nov. 9. DNUT dropped 6.9% after its August report, and this time around the options pits are pricing in a post-earnings swing of 15.3%. 

It's also worth noting that though short interest has been on a downtrend, losing 18.1% during the most recent reporting period, it still makes up 6.5% of Krispy Kreme stock's available float. In other words, it would take over four days to buy back these bearish bets, at DNUT's average pace of trading. 



Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on calls
238.5% GAIN on Oracle calls



Rainmaker Ads CGI