Shares of Krispy Kreme Doughnuts Inc. (NYSE:KKD) saw an uptick in trading volume on Friday . 1,262,814 shares were traded during trading, an increase of 49% from the previous session’s volume of 848,323 shares.The stock last traded at $20.94 and had previously closed at $20.96.

A number of brokerages have issued reports on KKD. Zacks Investment Research upgraded Krispy Kreme Doughnuts from a “sell” rating to a “hold” rating in a report on Tuesday, May 24th. CL King cut Krispy Kreme Doughnuts from a “buy” rating to a “neutral” rating in a report on Wednesday, June 1st. Longbow Research cut Krispy Kreme Doughnuts from a “buy” rating to a “neutral” rating in a report on Tuesday, May 10th. Wedbush cut Krispy Kreme Doughnuts from an “outperform” rating to a “neutral” rating in a report on Monday, May 9th. Finally, Roth Capital cut Krispy Kreme Doughnuts from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $24.00 to $21.00 in a report 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. The company has an average rating of “Hold” and an average target price of $20.40.

The firm’s 50-day moving average is $21.02 and its 200-day moving average is $17.20. The firm has a market cap of $1.28 billion and a price-to-earnings ratio of 45.72.

Krispy Kreme Doughnuts (NYSE:KKD) last issued its earnings results on Tuesday, May 31st. The company reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. The firm earned $136.50 million during the quarter. During the same period in the previous year, the firm posted $0.24 earnings per share. The firm’s quarterly revenue was up 3.0% on a year-over-year basis. On average, equities analysts forecast that Krispy Kreme Doughnuts Inc. will post $0.90 earnings per share for the current fiscal year.

A number of institutional investors have recently modified their holdings of the company. Eaton Vance Management boosted its position in shares of Krispy Kreme Doughnuts by 28.0% in the fourth quarter. Eaton Vance Management now owns 855,370 shares of the company’s stock worth $12,890,000 after buying an additional 187,075 shares during the last quarter. Wells Fargo & Company MN boosted its stake in shares of 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. California State Teachers Retirement System boosted 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 during the last quarter. Arcus Capital Partners LLC bought a new stake in shares of Krispy Kreme Doughnuts during the fourth quarter valued at $9,447,000. Finally, Whitebox Advisors LLC bought a new stake in shares of Krispy Kreme Doughnuts during the fourth quarter valued at $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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