DNUT Stock Summary and Trading Ideas (Krispy Kreme | NASDAQ:DNUT)

Krispy Kreme Inc is a sweet treat brands company. The company's Original Glazed doughnut is recognized for its hot-off-the-line, melt-in- your-mouth experience. It operates through its network of fresh Doughnut Shops, partnerships with retailers, and a growing ecommerce and delivery business. The company conducts its business through the following three reported segments namely U.S., includes all operations in the U.S. and Canada, Insomnia Cookies shops, and the Branded Sweet Treat Line; International includes operations in the U.K., Ireland, Australia, New Zealand, and Mexico; and Market Development includes franchise operations across the globe, as well as operations in Japan. It derives maximum revenue from U.S. Segment.

Krispy Kreme trades on the NASDAQ stock market under the symbol DNUT.

As of May 17, 2024, DNUT stock price climbed to $12.04 with 1,610,170 million shares trading.

DNUT has a beta of 0.69, meaning it tends to be less sensitive to market movements. DNUT has a correlation of 0.05 to the broad based SPY ETF.

DNUT has a market cap of $2.03 billion. This is considered a Mid Cap stock.

Last quarter Krispy Kreme reported $443 million in Revenue and $.07 earnings per share. This beat revenue expectation by $9 million and exceeded earnings estimates by $.01.

The top ETF exchange traded funds that DNUT belongs to (by Net Assets): VTI, VB, VBR, VXF, DFAS.

DNUT has underperformed the market in the last year with a price return of -19.7% while the SPY ETF gained +29.1%. DNUT has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -6.9% and -4.9%, respectively, while the SPY returned +6.3% and +3.6%, respectively.

DNUT support price is $11.67 and resistance is $12.17 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that DNUT stock will trade within this expected range on the day.