Earnings per share (EPS) clocked in at $0.22, as opposed to the Street’s $0.21 forecast, while revenue for the period was $130.4 million, which missed the analysts’ expectation of $133.02 million.
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Investors should note that the Company has disclosed insider buying and selling activities to the Securities Exchange, The director of Krispy Kreme Doughnuts Inc, Morgan James H sold 10,000 shares at $19.98 on June 17, 2015.
Sladen Estates has begun construction of the unit, which will provide approximately 40 covers, a drive-thru lane and a production hub supplying fresh doughnuts to all Krispy Kreme in-store cabinets within a one-hour radius. The firm has a market capitalization of $900.74 million and a price-to-earnings ratio of 31.07. (NYSE:KKD) has been issued a 1 rating by the sell-side brokerage firms covering the stock.
Krispy Kreme Doughnuts (NYSE:KKD) opened at 14.29 on Monday.
Operating income rose 12.1% to $10.7 million from $9.6 million including impairment charges and lease termination costs of $4.4 million in the fourth quarter of fiscal 2016 and $0.9 million in the prior year quarter. Finally, TheStreet raised shares of Krispy Kreme Doughnuts from a “hold” rating to a “buy” rating in a research report on Tuesday.
According to TipRanks.com, Setyan is a 4-star analyst with an average return of 8.5% and a 54.1% success rate. “The Krispy Kreme unit will complete the final plot on the site”. Analysts predict that Krispy Kreme Doughnuts will post $0.93 EPS for the current year.
A number of brokerages have recently weighed in on KKD. Over the last 30 and 90 trading days the company share price has increased 0.69 points and increased 0.819999999999999 points respectively. 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 a broad array of coffees and other beverages are offered.
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According to Zacks Investment Research, “Krispy Kreme Doughnuts Inc.is a leading branded specialty retailer of premium quality doughnuts which are made throughout the day in our stores”. Krispy Kreme had been up 2.1 percent this year before the tumble. Find out which brokerage is best for your personal trading style at the InvestorPlace Broker Center.
