Krispy Kreme Doughnuts (KKD) Falls: Stock Goes Down 6.5% - Tale of the Tape
Krispy Kreme Doughnuts, Inc. (KKD) saw a big move last session, as the company’s shares fell by nearly 7% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for KKD, as the stock is now down 14% since Feb 26.
On Mar 11, the company reported its fourth quarter and fiscal year ended February 1, 2015 results where the fourth-quarter profit fell significantly year over year.
The leading branded specialty retailer of premium quality doughnuts has seen a flat track record when it comes to current year estimate revisions over the past few weeks (0 increases, 0 decreases), and the consensus for earnings hasn’t been in a trend either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, and especially on earnings estimates following the recent slump.
KKD currently has a Zacks Rank #3 (Hold).
A better-ranked stock in the retail - restaurants sector is BJ's Restaurants, Inc. (BJRI), which currently carries a Zacks Rank #1 (Strong Buy).
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KRISPY KREME (KKD): Free Stock Analysis Report
BJ'S RESTAURANT (BJRI): Free Stock Analysis Report
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