Krispy Kreme Doughnuts Upgraded to “Buy” at McLean Capital Management (KKD)
Krispy Kreme Doughnuts (NYSE:KKD) was upgraded by analysts at McLean Capital Management from a “neutral” rating to a “buy” rating in a research report issued to clients and investors on Friday, Analyst Ratings News reports.
Krispy Kreme Doughnuts (NYSE:KKD) traded down 2.57% during mid-day trading on Friday, hitting $23.91. 731,771 shares of the company’s stock traded hands. Krispy Kreme Doughnuts has a 52 week low of $6.77 and a 52 week high of $23.31. The stock has a 50-day moving average of $20.94 and a 200-day moving average of $16.92. The company has a market cap of $1.573 billion and a price-to-earnings ratio of 76.69.
Krispy Kreme Doughnuts (NYSE:KKD) last issued its quarterly earnings data on Thursday, August 29th. The company reported $0.14 earnings per share (EPS) for the quarter, missing the 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.
A number of other firms have also recently commented on KKD. 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. Separately, 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. Finally, analysts at B. Riley raised their price target on shares of Krispy Kreme Doughnuts from $1.00 to $17.00 in a research note to investors on Friday, August 30th. They now have a “neutral” rating on the stock. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Krispy Kreme Doughnuts currently has an average rating of “Buy” and an average target price of $20.80.
Krispy Kreme Doughnuts, Inc (NYSE:KKD) is a retailer and wholesaler of doughnuts complementary beverages and treats and packaged sweets.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.