Stock analysts at Wedbush hoisted their price objective on shares of Krispy Kreme Doughnuts (NYSE:KKD) from $21.00 to $24.00 in a report issued on Tuesday, American Banking News.com reports. Wedbush’s target price points to a potential downside of 4.12% from the stock’s previous close.
A number of other firms have also recently commented on KKD. 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. Separately, 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. Finally, analysts at Thomson Reuters/Verus downgraded shares of Krispy Kreme Doughnuts from a “buy” rating to a “hold” rating in a research note to investors on Monday, October 7th. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $21.63.
Krispy Kreme Doughnuts (NYSE:KKD) remained flat at $25.03 during trading on Tuesday. The stock had a trading volume of 284,952 shares. Krispy Kreme Doughnuts has a 1-year low of $8.85 and a 1-year high of $26.63. The stock has a 50-day moving average of $24.34 and a 200-day moving average of $20.2. The company has a market cap of $1.647 billion and a price-to-earnings ratio of 78.22.
Krispy Kreme Doughnuts (NYSE:KKD) last released its earnings data on Thursday, August 29th. The company reported $0.14 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.15 by $0.01. The company had revenue of $112.70 million for the quarter, compared to the consensus estimate of $111.36 million. During the same quarter in the previous year, the company posted $0.07 earnings per share. The company’s revenue for the quarter was up 10.4% on a year-over-year basis. Analysts expect that Krispy Kreme Doughnuts will post $0.63 EPS for the current fiscal year.
Krispy Kreme Doughnuts, Inc (NYSE:KKD) is a retailer and wholesaler of doughnuts complementary beverages and treats and packaged sweets.
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