Bought the dip for $Krispy Kreme, Inc.(DNUT)$at average $15 range before their ER. Only took 3 green day to get this result.
for the ER report, sale growth was up 42.6% Y/Y of 349.19mil vs 333.36mil. US revenue +25.3%, international revenue +159%. Only their EPS was $0.13 short of $0.14 estimate.
Reason I bought it was more because they constantly fall below their IPO price at $17. And it was being oversold, so this was like a short-swing trade. Planning to sell at $18 range since target price:
Wells Fargo gave equalweight of $18
Morgan stanley gave overweight of $23
Truist cut from $25 to $21
Seems like $18 is realistic enough.?
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