Research analysts at Roth Capital hoisted their target price on shares of Krispy Kreme Doughnuts (NYSE:KKD) from $26.00 to $27.00 in a report released on Tuesday, Stock Ratings Network.com reports. Roth Capital’s target price suggests a potential upside of 9.98% from the stock’s previous close.
Shares of Krispy Kreme Doughnuts (NYSE:KKD) traded down 18.81% during mid-day trading on Tuesday, hitting $19.9331. 8,029,283 shares of the company’s stock traded hands. Krispy Kreme Doughnuts has a 52 week low of $8.85 and a 52 week high of $26.63. The stock’s 50-day moving average is $24.63 and its 200-day moving average is $20.6. The company has a market cap of $1.312 billion and a price-to-earnings ratio of 76.72. Krispy Kreme Doughnuts also was the recipient of unusually large options trading activity on Monday. Investors acquired 4,122 put options on the stock. This is an increase of approximately 655% compared to the typical volume of 546 put options.
Krispy Kreme Doughnuts (NYSE:KKD) last posted its quarterly earnings results on Monday, December 2nd. The company reported $0.16 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.16. The company had revenue of $114.20 million for the quarter, compared to the consensus estimate of $117.67 million. During the same quarter in the previous year, the company posted $0.12 earnings per share. The company’s revenue for the quarter was up 6.6% on a year-over-year basis. Analysts expect that Krispy Kreme Doughnuts will post $0.63 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on KKD. 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. Separately, 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 four have given a buy rating to the stock. Krispy Kreme Doughnuts currently has an average rating of “Hold” and an average target price of $21.77.
Krispy Kreme Doughnuts, Inc (NYSE:KKD) is a retailer and wholesaler of doughnuts complementary beverages and treats and packaged sweets.
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