Krispy Kreme Doughnuts (NYSE:KKD) announced its earnings results on Monday. The company reported $0.16 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.16, American Banking & Market News reports. The company had revenue of $114.20 million for the quarter, compared to the consensus estimate of $117.67 million. During the same quarter last year, the company posted $0.12 earnings per share. Krispy Kreme Doughnuts’s revenue was up 6.6% compared to the same quarter last year. Krispy Kreme Doughnuts updated its FY14 guidance to $0.60-0.63 EPS and its FY15 guidance to $0.71-0.76 EPS.
Krispy Kreme Doughnuts (NYSE:KKD) opened at 24.55 on Tuesday. Krispy Kreme Doughnuts has a 52 week low of $8.85 and a 52 week high of $26.63. The stock has a 50-day moving average of $24.63 and a 200-day moving average of $20.6. The company has a market cap of $1.615 billion and a price-to-earnings ratio of 76.72. Krispy Kreme Doughnuts also was the recipient of some unusual options trading on Monday. Investors purchased 4,122 put options on the company. This is an increase of 655% compared to the average volume of 546 put options.
Several analysts have recently commented on the stock. Analysts at Wedbush raised their price target on shares of Krispy Kreme Doughnuts from $21.00 to $24.00 in a research note to investors on Tuesday, November 26th. On the ratings front, analysts at Sidoti downgraded shares of Krispy Kreme Doughnuts from a “buy” rating to a “neutral” rating in a research note to investors on Friday, November 22nd. Finally, analysts at McLean Capital Management upgraded shares of Krispy Kreme Doughnuts from a “neutral” rating to a “buy” rating in a research note to investors on Friday, October 25th. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Krispy Kreme Doughnuts presently has a consensus rating of “Buy” and an average price target of $21.63.
Krispy Kreme Doughnuts, Inc (NYSE:KKD) is a retailer and wholesaler of doughnuts complementary beverages and treats and packaged sweets.
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