This is the quote from Alpha this morning: "Janney Capital, Stephens defend Krispy Kreme after FQ3 • 9:20 AM
Shares of Krispy Kreme (KKD) are down 16.3% in pre-market trading after the company's FQ3 results and FY15 guidance failed to live up to sky-high expectations, but Janney Capital's Mark Kalinowski reiterates a Buy rating and $30 PT. He observes "As it turns out, seven domestic franchisees grew their same-store sales by 20% or more."
Stephens joins Janney on the defense with an Overweight rating and a raised PT to $25. The firm cited across-the-board acceleration despite the quarter's company-owned same store sales miss.