Kroger (NYSE:KR) Price Target Raised to $50.00 at Deutsche Bank Aktiengesellschaft

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.

Kroger (NYSE:KR – Get Rating) last released its earnings results on Thursday, June 16th. The company reported $1.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.27 by $0.18. Kroger had a net margin of 1.54% and a return on equity of 31.50%. During the same period last year, the business earned $1.19 EPS. On average, equities research analysts expect that Kroger will post 3.92 earnings per share for the current fiscal year.

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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