Sidoti lowered shares of Krispy Kreme Doughnuts (NYSE:KKD) from a buy rating to a neutral rating in a research report released on Friday morning, TheFlyOnTheWall.com reports.
Krispy Kreme Doughnuts (NYSE:KKD) traded down 0.20% during mid-day trading on Friday, hitting $25.39. The stock had a trading volume of 261,046 shares. 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 $24.28 and its 200-day moving average is $20.03. The company has a market cap of $1.671 billion and a price-to-earnings ratio of 79.50.
Krispy Kreme Doughnuts (NYSE:KKD) last announced its earnings results 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. On average, analysts predict that Krispy Kreme Doughnuts will post $0.63 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. 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. Separately, 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. Finally, analysts at Wedbush raised their price target on shares of Krispy Kreme Doughnuts from $19.00 to $21.00 in a research note to investors on Friday, August 30th. They now have a neutral rating on the stock. Six equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock has a consensus rating of Hold and a consensus price target of $21.20.
Krispy Kreme Doughnuts, Inc (NYSE:KKD) is a retailer and wholesaler of doughnuts complementary beverages and treats and packaged sweets.
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