Wedbush Starts Krispy Kreme (KKD) at Outperform; Best Month Ever
Tweet Send to a FriendGet Alerts KKD Hot Sheet
Price: $13.01 -0.31%
Rating Summary:
4 Buy, 4 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 10 | Down: 23 | New: 20
Rating Summary:
4 Buy, 4 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 10 | Down: 23 | New: 20
Trade KKD Now!
Wedbush initiates coverage on Krispy Kreme (NYSE: KKD) with an Outperform. PT $9.00.
Analyst, Nick Setyan, said, "We believe acceleration in domestic company and franchise unit development, driven by improved cash-on-cash returns combined with already industry-leading international growth, could result in sustained high-teens to low-20% EPS growth and an expanded valuation."
"Believe attractive and increasing ROIs to drive sustained acceleration in company unit development...Near term, we believe marketing around 75th Anniversary could have resulted in "best month in years", as some stores put it."
For an analyst ratings summary and ratings history on Krispy Kreme click here. For more ratings news on Krispy Kreme click here.
Shares of Krispy Kreme closed at $6.55 yesterday, with a 52 week range of $5.78-$9.47.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
Analyst, Nick Setyan, said, "We believe acceleration in domestic company and franchise unit development, driven by improved cash-on-cash returns combined with already industry-leading international growth, could result in sustained high-teens to low-20% EPS growth and an expanded valuation."
"Believe attractive and increasing ROIs to drive sustained acceleration in company unit development...Near term, we believe marketing around 75th Anniversary could have resulted in "best month in years", as some stores put it."
For an analyst ratings summary and ratings history on Krispy Kreme click here. For more ratings news on Krispy Kreme click here.
Shares of Krispy Kreme closed at $6.55 yesterday, with a 52 week range of $5.78-$9.47.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- UPDATE: BTIG Starts ING U.S (VOYA) at Buy, Shares 'Significantly Undervalued'
- Wells Fargo Starts Taylor Morrison Home (TMHC) at Outperform
- Goldman Sachs Downgrades Thoratec (THOR) to Neutral
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS View, New Coverage
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
