Krispy Kreme Doughnuts (KKD) Tops Q4 EPS by 1c; Guides FY17 EPS Below Views

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Wedbush Cuts Price Target on Krispy Kreme Doughnuts (KKD) Following Mixed 4Q

March 23, 2016 7:47 AM EDT

Wedbush maintained an Outperform rating on Krispy Kreme Doughnuts (NYSE: KKD), and cut the price target to $21.00 (from $22.00), following the company's 4Q earnings report. EPS of $0.22 was in-line with Wedbush's estimate and $0.01 above consensus. Initial FY17 EPS is targeted at $0.87-0.91, on continued positive SSS... More