In sweet news for doughnut fans, Krispy Kreme (NASDAQ:DNUT) has tied up with McDonald’s (NYSE:MCD) for a national expansion. As a part of this partnership, three of the most popular doughnuts of the doughnut chain will be available at McDonald’s restaurants later this year in a phased rollout.
Following this news, DNUT stock rallied by more than 15%. The two companies expect Krispy Kreme doughnuts to be available at all locations of McDonald’s restaurants nationally by the end of 2026.
Furthermore, McDonald’s views this partnership as unlocking new business opportunities in the breakfast category and beyond.
Is DNUT a Good Stock to Buy?
Overall, analysts remain sidelined about DNUT stock with a Hold consensus rating based on one Buy and three Holds. Year-to-date, DNUT stock has declined by more than 15%, and the average DNUT price target of $15.50 implies an upside potential of 24.5% at current levels.
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