Krispy Kreme Doughnuts Inc. (NYSE:KKD) saw an uptick in trading volume on Friday . 1,262,814 shares traded hands 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.

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

The stock has a market cap of $1.28 billion and a PE ratio of 45.72. The company’s 50-day moving average is $21.02 and its 200 day moving average is $17.20.

Krispy Kreme Doughnuts (NYSE:KKD) last released its quarterly earnings data on Tuesday, May 31st. The company reported $0.25 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.01. The company had revenue of $136.50 million for the quarter. During the same quarter in the prior year, the business earned $0.24 earnings per share. The business’s revenue was up 3.0% compared to the same quarter last year. Equities research analysts forecast that Krispy Kreme Doughnuts Inc. will post $0.90 EPS for the current year.

Several large investors have recently bought and sold shares of KKD. Arcus Capital Partners LLC purchased a new stake in Krispy Kreme Doughnuts during the fourth quarter valued at about $9,447,000. Wells Fargo & Company MN increased 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 period. Whitebox Advisors LLC bought a new stake in shares of Krispy Kreme Doughnuts during the fourth quarter valued at $3,976,000. Eaton Vance Management increased its stake 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 valued at $12,890,000 after buying an additional 187,075 shares during the period. Finally, Royce & Associates LLC increased its stake in shares of 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 period.

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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