Telsey Advisory Group Reaffirms “Outperform” Rating for Kroger (NYSE:KR)

Kroger (NYSE:KRGet Free Report)‘s stock had its “outperform” rating reiterated by investment analysts at Telsey Advisory Group in a research note issued on Thursday,Benzinga reports. They presently have a $65.00 price objective on the stock. Telsey Advisory Group’s target price would suggest a potential upside of 9.72% from the stock’s current price.

A number of other equities research analysts have also weighed in on the stock. BNP Paribas initiated coverage on shares of Kroger in a research note on Friday, October 18th. They set a “neutral” rating and a $56.00 target price on the stock. BMO Capital Markets cut Kroger from an “outperform” rating to a “market perform” rating and set a $60.00 price objective on the stock. in a research report on Tuesday. Guggenheim increased their target price on Kroger from $61.00 to $63.00 and gave the stock a “buy” rating in a research report on Monday, November 25th. JPMorgan Chase & Co. raised their target price on Kroger from $58.00 to $59.00 and gave the company an “overweight” rating in a research note on Friday, September 13th. Finally, Evercore ISI upped their price target on Kroger from $62.00 to $63.00 and gave the stock an “outperform” rating in a research note on Friday, September 13th. Five analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Kroger presently has a consensus rating of “Moderate Buy” and a consensus price target of $63.33.

Get Our Latest Analysis on Kroger

Kroger Stock Performance

Kroger stock opened at $59.24 on Thursday. The company has a current ratio of 0.87, a quick ratio of 0.46 and a debt-to-equity ratio of 0.96. The firm has a market cap of $42.86 billion, a P/E ratio of 15.51, a P/E/G ratio of 0.93 and a beta of 0.48. Kroger has a 1-year low of $43.51 and a 1-year high of $61.37. The firm has a 50-day moving average of $57.75 and a 200-day moving average of $54.57.

Kroger (NYSE:KRGet Free Report) last released its quarterly earnings data on Thursday, December 5th. The company reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.01. The business had revenue of $33.63 billion during the quarter, compared to analysts’ expectations of $34.19 billion. Kroger had a return on equity of 28.54% and a net margin of 1.86%. The business’s revenue was down 1.0% on a year-over-year basis. During the same quarter last year, the business posted $0.95 EPS. Sell-side analysts expect that Kroger will post 4.46 EPS for the current year.

Insider Activity at Kroger

In related news, SVP Valerie L. Jabbar sold 3,000 shares of the stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $55.91, for a total transaction of $167,730.00. Following the transaction, the senior vice president now owns 74,084 shares in the company, valued at $4,142,036.44. This represents a 3.89 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Brian W. Nichols sold 6,922 shares of Kroger stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $55.80, for a total transaction of $386,247.60. Following the completion of the sale, the vice president now directly owns 14,063 shares of the company’s stock, valued at approximately $784,715.40. This trade represents a 32.99 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 12,932 shares of company stock valued at $721,243 over the last 90 days. Corporate insiders own 1.40% of the company’s stock.

Institutional Investors Weigh In On Kroger

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Altshuler Shaham Ltd bought a new stake in Kroger during the second quarter valued at approximately $28,000. Northwest Investment Counselors LLC bought a new stake in shares of Kroger during the 3rd quarter valued at $34,000. Harbor Capital Advisors Inc. bought a new stake in shares of Kroger during the 3rd quarter valued at $40,000. Newbridge Financial Services Group Inc. increased its stake in shares of Kroger by 218.8% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 714 shares of the company’s stock worth $36,000 after purchasing an additional 490 shares in the last quarter. Finally, Capital Performance Advisors LLP bought a new position in Kroger in the 3rd quarter worth $43,000. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Kroger Company Profile

(Get Free Report)

The Kroger Co operates as a food and drug retailer in the United States. The company operates combination food and drug stores, multi-department stores, marketplace stores, and price impact warehouses. Its combination food and drug stores offer natural food and organic sections, pharmacies, general merchandise, pet centers, fresh seafood, and organic produce; and multi-department stores provide apparel, home fashion and furnishings, outdoor living, electronics, automotive products, and toys.

Further Reading

Analyst Recommendations for Kroger (NYSE:KR)

Receive News & Ratings for Kroger Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kroger and related companies with MarketBeat.com's FREE daily email newsletter.