Krispy Kreme Doughnuts Director Unloads $64,880 in Stock (KKD)
Krispy Kreme Doughnuts (NYSE:KKD) Director Togo D. West, Jr. sold 4,000 shares of the stock on the open market in a transaction dated Wednesday, June 11th. The stock was sold at an average price of $16.22, for a total transaction of $64,880.00. Following the transaction, the director now directly owns 64,453 shares in the company, valued at approximately $1,045,428. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Krispy Kreme Doughnuts (NYSE:KKD) traded up 0.43% on Thursday, hitting $16.25. The stock had a trading volume of 943,902 shares. Krispy Kreme Doughnuts has a 52 week low of $15.70 and a 52 week high of $26.63. The stock’s 50-day moving average is $17.7 and its 200-day moving average is $18.53. The company has a market cap of $1.081 billion and a price-to-earnings ratio of 31.73.
Krispy Kreme Doughnuts (NYSE:KKD) last released its earnings data on Monday, June 2nd. The company reported $0.23 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.23. The company had revenue of $121.60 million for the quarter, compared to the consensus estimate of $126.68 million. During the same quarter in the previous year, the company posted $0.20 earnings per share. The company’s revenue for the quarter was up .8% on a year-over-year basis. Analysts expect that Krispy Kreme Doughnuts will post $0.73 EPS for the current fiscal year.
A number of research firms have recently commented on KKD. Analysts at Wedbush cut their price target on shares of Krispy Kreme Doughnuts from $20.00 to $18.00 in a research note on Tuesday, June 3rd. Analysts at Sidoti upgraded shares of Krispy Kreme Doughnuts from a “neutral” rating to a “buy” rating in a research note on Thursday, May 1st. They now have a $22.00 price target on the stock. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Krispy Kreme Doughnuts presently has a consensus rating of “Buy” and an average price target of $22.07.
Krispy Kreme Doughnuts, Inc (NYSE:KKD) is a retailer and wholesaler of doughnuts complementary beverages and treats and packaged sweets.
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