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Krispy Kreme Q3 same-store sales estimate raised to Street high at Janney

Following industry checks, Janney raised Krispy Kreme's Q3 U.S company-owned stores estimate to +8.5% vs. consensus +5.9% and U.S. franchised outlets to +9.5% vs. consensus +5.7%. Shares are Buy rated and a top small-cap restaurant-stock pick with a $30 price target.