DNKN up over 4% On Strong Q results, guidance and re-upped buyback
DNKN soundly BEAT on EPS, Revenue and Comps... And the core pm shareholder profile is outstanding, incl Fidelity owning 15% and it now being our 6th largest position in the fund. LOL
As the tape makes obvious this morning -- and as told in our posts on that board of late and premarket today, the stock is going materially higher. See running commentary there and note similar story points here, except buying KKD at $17 is like owning DNKN at $25 two years ago. The next big leg higher is just ahead for KKD now.
KKD should be at $25 within a day after the coming conference call for the Dec Q... and the re-upped buyback plan will be warmly received. As long as mgmt does a good job on that and sharing stronger guidance for 12014 than the weak new store count and other mush comments they muddled through on the last call, this should comfortably smoke pasta $30 as an initial PT for 2014.