Krispy Kreme Doughnuts Inc. (NYSE:KKD) saw unusually-strong trading volume on Thursday . Approximately 701,986 shares changed hands during mid-day 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.

Several research analysts have commented on KKD shares. Longbow Research lowered Krispy Kreme Doughnuts from a “buy” rating to a “neutral” rating in a research report on Tuesday, May 10th. Roth Capital downgraded Krispy Kreme Doughnuts from a “buy” rating to a “neutral” rating and lowered their target price for the company from $24.00 to $21.00 in a research note on Monday, May 9th. Wedbush downgraded Krispy Kreme Doughnuts from an “outperform” rating to a “neutral” rating in a research note on Monday, May 9th. Zacks Investment Research downgraded Krispy Kreme Doughnuts from a “hold” rating to a “sell” rating in a research note on Thursday, March 24th. Finally, Stephens downgraded Krispy Kreme Doughnuts from an “overweight” rating to an “equal weight” rating and raised their target price for the company from $20.00 to $21.00 in a research note on Monday, May 9th. Seven equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Krispy Kreme Doughnuts has a consensus rating of “Hold” and a consensus target price of $20.40.

The stock has a market capitalization of $1.28 billion and a price-to-earnings ratio of 45.85. The company has a 50-day moving average price of $21.08 and a 200-day moving average price of $17.00.

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

Several large investors have added to or reduced their stakes in KKD. Wells Fargo & Company MN raised its stake in Krispy Kreme Doughnuts by 18.8% in the fourth quarter. Wells Fargo & Company MN now owns 3,053,519 shares of the company’s stock valued at $46,017,000 after buying an additional 482,677 shares during the last quarter. Eaton Vance Management raised its stake in Krispy Kreme Doughnuts by 28.0% in the fourth quarter. Eaton Vance Management now owns 855,370 shares of the company’s stock valued at $12,890,000 after buying an additional 187,075 shares during the last quarter. Royce & Associates LLC raised its stake in Krispy Kreme Doughnuts by 10.3% in the fourth quarter. Royce & Associates LLC now owns 825,261 shares of the company’s stock valued at $12,437,000 after buying an additional 77,000 shares during the last quarter. Arcus Capital Partners LLC acquired a new stake in Krispy Kreme Doughnuts during the fourth quarter valued at about $9,447,000. Finally, Whitebox Advisors LLC acquired a new stake in Krispy Kreme Doughnuts during the fourth quarter valued at about $3,976,000.

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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