Analyst Rating Update on Krispy Kreme Doughnuts (KKD)

Krispy Kreme Doughnuts (NYSE:KKD) : 5 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Krispy Kreme Doughnuts (NYSE:KKD). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 5 Wall Street Analysts endorse the stock as a Hold with a rating of 3.

Company shares have received an average consensus rating of Hold for the current week Also, CL King downgrades its view on Krispy Kreme Doughnuts (NYSE:KKD) according to the research report released by the firm to its investors. The shares have now been rated Neutral by the stock experts at the ratings house. Earlier, the shares had a rating of Buy. The rating by the firm was issued on June 1, 2016.

Krispy Kreme Doughnuts (NYSE:KKD): On Tuesdays trading session , Opening price of the stock was $20.94 with an intraday high of $20.97. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $20.91. However, the stock managed to close at $20.92, a loss of 0.10% for the day. On the previous day, the stock had closed at $20.94. The total traded volume of the day was 1,003,134 shares.

In an insider trading activity, Morgan James H, director of Krispy Kreme Doughnuts Inc, unloaded 10,000 shares at an average price of $19.98 on June 17, 2015. The total amount of the transaction was worth $199,800, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Krispy Kreme Doughnuts, Inc. is a retailer and wholesaler of doughnuts, complementary beverages and treats and packaged sweets. The Companys principal business is owning and franchising Krispy Kreme stores, at which a variety of doughnuts, including the Companys Original Glazed doughnut, are sold and distributed together with complementary products, and where an array of coffees and other beverages are offered. The Company has four business segments: Company Stores, Domestic Franchise, International Franchise and KK Supply Chain. The Companys shops offer 16 or more doughnut varieties. The Company offers doughnuts of several varieties, such as yeast-raised doughnuts, cake doughnuts and crullers. In addition, it offers a number of products through wholesale channels, including Danishes, honeybuns, fruit pies, mini-crullers and chocolate products, packaged as individually wrapped snacks or packaged in snack bags.

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