Krispy Kreme Doughnuts (KKD) is Downgraded by CL King to Neutral

Krispy Kreme Doughnuts (KKD) was Downgraded by CL King to ” Neutral”. Earlier the firm had a rating of “Buy ” on the company shares. CL King advised their investors in a research report released on Jun 1, 2016.

Many Wall Street Analysts have commented on Krispy Kreme Doughnuts. Krispy Kreme Doughnuts was Downgraded by Longbow to ” Neutral” on May 10, 2016. Shares were Reiterated by Wedbush on Mar 23, 2016 to “Outperform” and Lowered the Price Target to $ 21 from a previous price target of $22 .

On the company’s financial health, Krispy Kreme Doughnuts reported $0.22 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Mar 22, 2016. Analyst had a consensus of $0.21. The company had revenue of $130.40 million for the quarter, compared to analysts expectations of $131.83 million. The company’s revenue was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.17 EPS.

Krispy Kreme Doughnuts closed down -0.09 points or -0.42% at $21.39 with 7,52,274 shares getting traded on Friday. Post opening the session at $21.49, the shares hit an intraday low of $21.34 and an intraday high of $21.55 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on Jun 19, 2015, James H Morgan (director) sold 10,000 shares at $19.98 per share price. According to the SEC, on Mar 30, 2015, Charles A Blixt (director) sold 22,250 shares at $20.00 per share price. On Mar 16, 2015, Carl E Jr Lee (director) purchased 5,000 shares at $19.38 per share price, according to the Form-4 filing with the securities and exchange commission.

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. The Company has four business segments: Company Stores Domestic Franchise International Franchise and KK Supply Chain. The Company’s 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.

Krispy Kreme Doughnuts

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