Krispy Kreme Doughnuts (KKD) Higher on Cramer Pump
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Krispy Kreme Doughnuts, Inc. (NYSE: KKD) is trading 4 percent higher early Tuesday following a positive Jim Cramer Mad Money mention on Friday.
Cramer notes Krispy Kreme's same store sales have been positive for 16 consecutive quarters and the stock is relativity cheap versus peer like Dunkin Donuts (Nasdaq: DNKN).
Krispy Kreme sells for 21.5X this year's earnings with a 25% growth rate, while Dunkin Donuts sells for 23x with a lower 17% growth rate. Also, Starbucks (Nasdaq: SBUX) trades at 21x with an 18% growth rate.
Cramer also highlights recent takeover chatter in the name, although he wouldn't buy the stock just on takeover rumors.
He sees the stock going to $14 with ease.
Cramer notes Krispy Kreme's same store sales have been positive for 16 consecutive quarters and the stock is relativity cheap versus peer like Dunkin Donuts (Nasdaq: DNKN).
Krispy Kreme sells for 21.5X this year's earnings with a 25% growth rate, while Dunkin Donuts sells for 23x with a lower 17% growth rate. Also, Starbucks (Nasdaq: SBUX) trades at 21x with an 18% growth rate.
Cramer also highlights recent takeover chatter in the name, although he wouldn't buy the stock just on takeover rumors.
He sees the stock going to $14 with ease.
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