Deutsche Bank Aktiengesellschaft Increases Kroger (NYSE:KR) Price Target to $53.00

Kroger (NYSE:KRGet 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.

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

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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