Traders sold shares of Krispy Kreme Doughnuts Inc. (NYSE:KKD) on strength during trading hours on Wednesday. $1.85 million flowed into the stock on the tick-up and $27.24 million flowed out of the stock on the tick-down, for a money net flow of $25.39 million out of the stock. Of all stocks tracked, Krispy Kreme Doughnuts had the 0th highest net out-flow for the day. Krispy Kreme Doughnuts traded up $0.02 for the day and closed at $21.00

KKD has been the topic of a number of recent research reports. Longbow Research cut shares of Krispy Kreme Doughnuts from a “buy” rating to a “neutral” rating in a report on Tuesday, May 10th. Roth Capital cut Krispy Kreme Doughnuts from a “buy” rating to a “neutral” rating and cut their price target for the company from $24.00 to $21.00 in a report on Monday, May 9th. Wedbush cut Krispy Kreme Doughnuts from an “outperform” rating to a “neutral” rating in a report on Monday, May 9th. Stephens cut Krispy Kreme Doughnuts from an “overweight” rating to an “equal weight” rating and lifted their price target for the company from $20.00 to $21.00 in a report on Monday, May 9th. Finally, Zacks Investment Research raised Krispy Kreme Doughnuts from a “sell” rating to a “hold” rating in a report on Tuesday, May 24th. Seven analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Krispy Kreme Doughnuts presently has a consensus rating of “Hold” and an average target price of $20.40.

The company has a market cap of $1.28 billion and a price-to-earnings ratio of 45.85. The company’s 50-day moving average price is $20.97 and its 200-day moving average price is $17.56.

Krispy Kreme Doughnuts (NYSE:KKD) last posted its quarterly earnings data on Tuesday, May 31st. The company reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.01. During the same quarter last year, the firm posted $0.24 EPS. The company had revenue of $136.50 million for the quarter. The business’s revenue for the quarter was up 3.0% on a year-over-year basis. Equities research analysts expect that Krispy Kreme Doughnuts Inc. will post $0.90 EPS for the current fiscal year.

Other hedge funds have bought and sold shares of the company. California State Teachers Retirement System boosted its stake in 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 worth $1,811,000 after buying an additional 1,926 shares during the last quarter. Rhumbline Advisers boosted its stake in Krispy Kreme Doughnuts by 7.3% in the fourth quarter. Rhumbline Advisers now owns 70,288 shares of the company’s stock worth $1,059,000 after buying an additional 4,755 shares during the last quarter. Marshall Wace LLP boosted its stake in Krispy Kreme Doughnuts by 25.4% in the fourth quarter. Marshall Wace LLP now owns 126,236 shares of the company’s stock worth $1,902,000 after buying an additional 25,544 shares during the last quarter. Royce & Associates LLC boosted 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 worth $12,437,000 after buying an additional 77,000 shares during the last quarter. Finally, Eaton Vance Management boosted 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 worth $12,890,000 after buying an additional 187,075 shares during the last quarter.

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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.