Shares of Krispy Kreme Doughnuts Inc. (NYSE:KKD) saw strong trading volume on Wednesday . 3,593,636 shares traded hands during mid-day trading, an increase of 291% from the previous session’s volume of 918,031 shares.The stock last traded at $21.00 and had previously closed at $20.98.

Several equities analysts recently weighed in on the stock. CL King cut shares of Krispy Kreme Doughnuts from a “buy” rating to a “neutral” rating in a research report on Wednesday, June 1st. Zacks Investment Research raised shares of Krispy Kreme Doughnuts from a “sell” rating to a “hold” rating in a research report on Tuesday, May 24th. Stephens cut shares of Krispy Kreme Doughnuts from an “overweight” rating to an “equal weight” rating and raised their price target for the company from $20.00 to $21.00 in a research report on Monday, May 9th. Wedbush cut shares of Krispy Kreme Doughnuts from an “outperform” rating to a “neutral” rating in a research report on Monday, May 9th. Finally, Roth Capital cut shares of Krispy Kreme Doughnuts from a “buy” rating to a “neutral” rating and dropped their price target for the company 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 company’s stock. The stock has a consensus rating of “Hold” and an average price target of $20.40.

The company has a market capitalization of $1.28 billion and a P/E ratio of 45.85. The stock has a 50 day moving average of $20.97 and a 200 day moving average of $17.56.

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

Several institutional investors recently made changes to their positions in KKD. Rhumbline Advisers boosted its position 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 boosted its position 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 boosted its position 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 bought a new position in shares of Krispy Kreme Doughnuts during the fourth quarter valued at about $3,976,000. Finally, Arcus Capital Partners LLC bought a new position in shares of Krispy Kreme Doughnuts during the fourth quarter valued at about $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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