Krispy Kreme Doughnuts SVP Michael Bradley Wall Unloads 6,000 Shares (KKD)
Krispy Kreme Doughnuts (NYSE:KKD) SVP Michael Bradley Wall unloaded 6,000 shares of the company’s stock on the open market in a transaction dated Friday, January 10th. The stock was sold at an average price of $19.22, for a total value of $115,320.00. Following the sale, the senior vice president now directly owns 66,824 shares in the company, valued at approximately $1,284,357. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
A number of research firms have recently commented on KKD. Analysts at Roth Capital raised their price target on shares of Krispy Kreme Doughnuts from $26.00 to $27.00 in a research note to investors on Tuesday, December 3rd. Separately, 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. Finally, 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. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $21.77.
Krispy Kreme Doughnuts (NYSE:KKD) last issued its quarterly earnings data on Monday, December 2nd. The company reported $0.16 EPS for the quarter, meeting the Thomson Reuters 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.
Krispy Kreme Doughnuts, Inc (NYSE:KKD) is a retailer and wholesaler of doughnuts complementary beverages and treats and packaged sweets.
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