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Stock Market & Financial Investment News

News Breaks
August 12, 2013
07:13 EDTKKDKrispy Kreme upgraded at Janney Capital
As previously reported, Janney Capital upgraded Krispy Kreme to Buy from Neutral ahead of the August 29 Q2 report. The firm upgraded shares due to strong same-store sales momentum, accelerating unit growth, and improving unit economics. The firm raised its Q2 EPS estimate to 16c vs. consensus of 15c. Price target is $26.
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August 25, 2014
06:24 EDTKKDKrispy Kreme comps decelerating but due to new store ramps, says Longbow
Longbow's contacts indicate Krispy Kreme's Q2 same-store sales comps were up 1%-1.5% vs. Q1's 3.5%-4.5% range. The firm said the deceleration is due to new franchised store builds which should result in top and bottom line growth in the coming years. Shares are Buy rated with a $26 price target.

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