Kroger (NYSE:KR – Get Rating) had its price objective increased by equities research analysts at Deutsche Bank Aktiengesellschaft from $49.00 to $50.00 in a note issued to investors on Thursday, June 2nd, The Fly reports. Deutsche Bank Aktiengesellschaft’s price objective would indicate a potential upside of 3.20% from the company’s current price.
A number of other research firms have also weighed in on KR. Scotiabank raised their price objective on shares of Kroger from $60.00 to $64.00 in a research note on Thursday, March 10th. Telsey Advisory Group boosted their price target on shares of Kroger from $62.00 to $64.00 and gave the stock an “outperform” rating in a research report on Thursday, April 7th. Evercore ISI upped their price objective on shares of Kroger from $49.00 to $50.00 and gave the stock an “inline” rating in a research note on Tuesday, March 1st. Credit Suisse Group increased their price objective on shares of Kroger from $47.00 to $57.00 and gave the company a “neutral” rating in a research report on Friday, March 4th. Finally, StockNews.com initiated coverage on shares of Kroger in a research note on Thursday, March 31st. They set a “strong-buy” rating on the stock. Five equities research analysts have rated the stock with a sell rating, seven have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $52.22.
KR opened at $48.45 on Thursday. The company has a fifty day simple moving average of $52.44 and a 200 day simple moving average of $50.80. Kroger has a 12 month low of $37.26 and a 12 month high of $62.78. The company has a quick ratio of 0.30, a current ratio of 0.76 and a debt-to-equity ratio of 1.39. The stock has a market cap of $34.93 billion, a P/E ratio of 16.71, a P/E/G ratio of 1.10 and a beta of 0.49.
In other news, SVP Timothy A. Massa sold 50,283 shares of the business’s stock in a transaction dated Thursday, April 21st. The stock was sold at an average price of $58.03, for a total transaction of $2,917,922.49. Following the completion of the transaction, the senior vice president now directly owns 163,956 shares of the company’s stock, valued at $9,514,366.68. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Yael Cosset sold 34,812 shares of the business’s stock in a transaction dated Thursday, April 7th. The stock was sold at an average price of $59.50, for a total value of $2,071,314.00. Following the transaction, the senior vice president now directly owns 162,207 shares of the company’s stock, valued at $9,651,316.50. The disclosure for this sale can be found here. 1.35% of the stock is owned by company insiders.
Several institutional investors have recently added to or reduced their stakes in the company. Kozak & Associates Inc. acquired a new stake in Kroger in the third quarter valued at $25,000. Andrew Hill Investment Advisors Inc. purchased a new position in Kroger during the fourth quarter worth about $26,000. Key Financial Inc raised its holdings in shares of Kroger by 81.6% in the 1st quarter. Key Financial Inc now owns 445 shares of the company’s stock worth $26,000 after purchasing an additional 200 shares during the period. Hoey Investments Inc. purchased a new position in shares of Kroger in the 1st quarter worth about $29,000. Finally, Newbridge Financial Services Group Inc. acquired a new stake in shares of Kroger in the first quarter valued at about $29,000. Institutional investors and hedge funds own 81.52% of the company’s stock.
About Kroger (Get Rating)
The Kroger Co operates as a 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.
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