Kroger (NYSE:KR – Get Rating) had its price objective lifted by research analysts at Deutsche Bank Aktiengesellschaft from $50.00 to $53.00 in a research report issued to clients and investors on Friday, June 17th, The Fly reports. Deutsche Bank Aktiengesellschaft’s price objective suggests a potential upside of 9.39% from the company’s current price.
Several other analysts have also commented on the company. Bank of America raised Kroger from a “neutral” rating to a “buy” rating and raised their price objective for the company from $61.00 to $75.00 in a report on Friday, April 8th. Scotiabank lifted their price objective on Kroger from $60.00 to $64.00 in a research report on Thursday, March 10th. BMO Capital Markets lifted their target price on Kroger from $41.00 to $57.00 and gave the company a “market perform” rating in a research report on Friday, March 4th. JPMorgan Chase & Co. lifted their target price on Kroger from $44.00 to $45.00 in a research report on Friday, February 25th. Finally, Guggenheim boosted their price objective on Kroger from $49.00 to $57.00 and gave the company a “buy” rating in a report on Monday, June 6th. Five research analysts have rated the stock with a sell rating, seven have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Kroger currently has an average rating of “Hold” and a consensus price target of $52.22.
KR opened at $48.45 on Friday. Kroger has a 12-month low of $37.26 and a 12-month high of $62.78. The business’s fifty day simple moving average is $52.44 and its 200-day simple moving average is $50.80. The company has a market capitalization of $34.93 billion, a price-to-earnings ratio of 16.71, a PEG ratio of 1.10 and a beta of 0.49. The company has a current ratio of 0.76, a quick ratio of 0.30 and a debt-to-equity ratio of 1.39.
In related news, SVP Timothy A. Massa sold 50,283 shares of Kroger stock in a transaction dated Thursday, April 21st. The stock was sold at an average price of $58.03, for a total value of $2,917,922.49. Following the completion of the transaction, the senior vice president now directly owns 163,956 shares in the company, valued at $9,514,366.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Yael Cosset sold 34,812 shares of Kroger stock in a transaction that occurred on Thursday, April 7th. The shares were sold at an average price of $59.50, for a total value of $2,071,314.00. Following the sale, the senior vice president now directly owns 162,207 shares in the company, valued at approximately $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 and hedge funds have recently added to or reduced their stakes in the company. Kozak & Associates Inc. acquired a new position in Kroger in the 3rd quarter valued at approximately $25,000. Andrew Hill Investment Advisors Inc. bought a new position in Kroger during the fourth quarter worth $26,000. Key Financial Inc boosted its stake in Kroger by 81.6% during the first quarter. Key Financial Inc now owns 445 shares of the company’s stock worth $26,000 after acquiring an additional 200 shares in the last quarter. Hoey Investments Inc. bought a new position in shares of Kroger in the first quarter valued at $29,000. Finally, Newbridge Financial Services Group Inc. bought a new position in shares of Kroger in the first quarter valued at $29,000. 81.52% of the stock is currently owned by institutional investors and hedge funds.
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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