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Krispy Kreme Doughnuts (NYSE:KKD) CEO James H. Morgan sold 150,000 shares of the stock on the open market in a transaction that occurred on Tuesday, June 17th. The stock was sold at an average price of $16.06, for a total value of $2,409,000.00. Following the transaction, the chief executive officer now directly owns 29,147 shares of the company’s stock, valued at approximately $468,101. 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) remained flat at $16.23 during during mid-day trading trading on Wednesday. 502,558 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’s 50-day moving average is $17.60 and its 200-day moving average is $18.28. The company has a market cap of $1.080 billion and a P/E ratio of 31.82.

Krispy Kreme Doughnuts (NYSE:KKD) last announced its earnings results on Monday, June 2nd. The company reported $0.23 EPS for the quarter, meeting the Thomson Reuters 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 prior year, the company posted $0.20 earnings per share. The company’s quarterly revenue 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.

Several analysts have recently commented on the stock. 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 analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price 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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