Krispy Kreme rises on New York expansion deal

** Shares of doughnut and coffee chain Krispy Kreme DNUT.O rise 1.5% to $3.08, their highest in three weeks

** Co announces deal with Original Entrepreneurs to open 33 shops across New York metro area over the next five years

** Says shops will be developed in New York City and the surrounding region, including Long Island and New Jersey

** DNUT trading at more than 64 times expected EPS over the next 12 months, well above industry median of 14.01 - data compiled by LSEG

** Including session's moves, DNUT down over 23.5% YTD