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Krispy Kreme Doughnuts (NYSE:KKD) has received an average recommendation of “Buy” from the nine ratings firms that are covering the stock, American Banking reports. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $22.07.

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.

Krispy Kreme Doughnuts (NYSE:KKD) traded down 0.31% during mid-day trading on Thursday, hitting $16.13. 99,986 shares of the company’s stock traded hands. Krispy Kreme Doughnuts has a 52-week low of $15.70 and a 52-week high of $26.63. The stock has a 50-day moving average of $17.77 and a 200-day moving average of $18.54. The company has a market cap of $1.073 billion and a P/E 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 for the quarter, meeting the analysts’ 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 last year, the company posted $0.20 earnings per share. Krispy Kreme Doughnuts’s revenue was up .8% compared to the same quarter last year. Analysts expect that Krispy Kreme Doughnuts will post $0.73 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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