Krispy Kreme Doughnuts Inc. (NYSE:KKD) shares saw strong trading volume on Thursday . 701,986 shares traded hands during trading, a decline of 18% from the previous session’s volume of 858,068 shares.The stock last traded at $20.97 and had previously closed at $20.99.

A number of analysts have weighed in on the company. Zacks Investment Research raised Krispy Kreme Doughnuts from a “sell” rating to a “hold” rating in a research report on Tuesday, May 24th. CL King cut Krispy Kreme Doughnuts from a “buy” rating to a “neutral” rating in a research report on Wednesday, June 1st. Longbow Research cut Krispy Kreme Doughnuts from a “buy” rating to a “neutral” rating in a research report on Tuesday, May 10th. Wedbush cut Krispy Kreme Doughnuts from an “outperform” rating to a “neutral” rating in a research report on Monday, May 9th. Finally, Roth Capital cut Krispy Kreme Doughnuts from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $24.00 to $21.00 in a research report on Monday, May 9th. Seven research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $20.40.

The firm has a market capitalization of $1.28 billion and a price-to-earnings ratio of 45.79. The company’s 50 day moving average is $21.09 and its 200-day moving average is $16.95.

Krispy Kreme Doughnuts (NYSE:KKD) last announced its quarterly earnings data on Tuesday, May 31st. The company reported $0.25 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.01. The firm earned $136.50 million during the quarter. The firm’s revenue was up 3.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.24 earnings per share. Equities analysts anticipate that Krispy Kreme Doughnuts Inc. will post $0.90 earnings per share for the current fiscal year.

A number of hedge funds have recently made changes to their positions in KKD. Rhumbline Advisers raised its stake in shares of Krispy Kreme Doughnuts by 7.3% in the fourth quarter. Rhumbline Advisers now owns 70,288 shares of the company’s stock valued at $1,059,000 after buying an additional 4,755 shares in the last quarter. California State Teachers Retirement System raised its stake in shares of Krispy Kreme Doughnuts by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 120,181 shares of the company’s stock valued at $1,811,000 after buying an additional 1,926 shares in the last quarter. Marshall Wace LLP raised its stake in shares of Krispy Kreme Doughnuts by 25.4% in the fourth quarter. Marshall Wace LLP now owns 126,236 shares of the company’s stock valued at $1,902,000 after buying an additional 25,544 shares in the last quarter. Whitebox Advisors LLC purchased a new stake in shares of Krispy Kreme Doughnuts during the fourth quarter valued at $3,976,000. Finally, Arcus Capital Partners LLC purchased a new stake in shares of Krispy Kreme Doughnuts during the fourth quarter valued at $9,447,000.

Krispy Kreme Doughnuts, Inc is a retailer and wholesaler of doughnuts, complementary beverages and treats and packaged sweets. The Company’s principal business is owning and franchising Krispy Kreme stores, at which a variety of doughnuts, including the Company’s Original Glazed doughnut, are sold and distributed together with complementary products, and where an array of coffees and other beverages are offered.

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