Krispy Kreme Doughnuts (NYSE:KKD) Rating Reaffirmed
New York: In an analyst research report revealed to investors and clients on 9 December, Roth Capital reaffirmed their Buy rating on Krispy Kreme Doughnuts (NYSE:KKD) shares. They now have a $24.00 price target on the company. Roth Capital’s target could mean a potential upside of 69.37% from the company’s stock close price.
The stock decreased 0.70% or $0.1 during the last trading session, striking $14.17. Approximately 4,000 shares of stock traded hands. Krispy Kreme Doughnuts (NYSE:KKD) has declined 18.01% since May 6, 2015 and is downtrending. It has underperformed by 17.21% the S&P500.
The overall sentiment of institutions has decreased to 0.73 in Q2 2015. Its down 0.52, from 1.25 in 2015Q2. The ratio fall, as 29 institutions have sold all the shares of Krispy Kreme Doughnuts that they owned while 55 funds have taken shares off the table. 15 funds have purchased shares for the first time while 46 added to their positions. These institutions now hold 49.86 million shares or 5.82% less than the 52.94 million shares they owned in 2015Q2.
The Fund Cooper Creek Partners Management Llc currently is holding shares equating to 5.54% of its total portfolio in Krispy Kreme Doughnuts representing a total of 375,216 shares. Another fund,Penn Capital Management Co Inc, is holding a total of 1.60 million shares equating to 1.24% of their holdings. Additionally, Stephens Investment Management Group Llc has a 1.98 million share stake in Krispy Kreme Doughnuts which represents 1.02% of their total portfolio. The Fund, Cardinal Capital Management Llc Ct, based out of Connecticut, has also built up a stake in the stock, which represents a total of 0.91% of their total portfolio. Finally Ranger Investment Management L.P., a fund which is based in the state of Texas reported a total holdings of 1.02 million shares.
Insider activity is a very important aspect to track on any stock. Going back to March 16, 2015, shareholders of Krispy Kreme Doughnuts have witnessed 0 insider purchases, and a total of 1 insider sale equating to a net activity of approximately $199,773 . Morgan James H sold 10,000 shares worth approximately $199,773. Blixt Charles A sold 22,250 shares worth approximately $445,000. Lee Carl E Jr bought 5,000 shares worth approximately $96,900.
Krispy Kreme Doughnuts, Inc. is a retailer and wholesaler of doughnuts, complementary beverages and treats and packaged sweets. The company has a market cap of $898.40 million. 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. It has 31.01 P/E ratio. The Firm has four business divisions: Company Stores, Domestic Franchise, International Franchise and KK Supply Chain.
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. The principal business is the high volume production and sale of varieties of premium quality doughnuts, including our signature Hot Original Glazed. The company has established Krispy Kreme as a leading consumer brand with a loyal customer base through our longstanding commitment to quality and consistency.” Get a free copy of the Zacks research report on Krispy Kreme Doughnuts (KKD).