MKM Partners Boosts Kroger (NYSE:KR) Price Target to $55.00

Kroger (NYSE:KRGet Rating) had its target price increased by analysts at MKM Partners from $48.00 to $55.00 in a research note issued to investors on Tuesday, The Fly reports. MKM Partners’ target price points to a potential upside of 13.52% from the stock’s current price.

A number of other research analysts also recently weighed in on KR. Bank of America upgraded shares of Kroger from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $61.00 to $75.00 in a research report on Friday, April 8th. BMO Capital Markets upped their price objective on shares of Kroger from $41.00 to $57.00 and gave the stock a “market perform” rating in a research report on Friday, March 4th. BNP Paribas upgraded shares of Kroger from an “underperform” rating to a “neutral” rating and set a $60.00 price objective for the company in a research report on Friday, April 22nd. Credit Suisse Group upped their price target on shares of Kroger from $47.00 to $57.00 and gave the stock a “neutral” rating in a research report on Friday, March 4th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of Kroger from $50.00 to $53.00 in a research report on Friday, June 17th. Five equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $52.22.

Shares of KR opened at $48.45 on Tuesday. The firm has a market capitalization of $34.93 billion, a PE ratio of 16.71, a price-to-earnings-growth ratio of 1.10 and a beta of 0.49. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.76 and a quick ratio of 0.30. Kroger has a 1-year low of $37.26 and a 1-year high of $62.78. The company’s fifty day moving average price is $52.44 and its 200-day moving average price is $50.80.

Kroger (NYSE:KRGet Rating) last posted its quarterly earnings results on Thursday, June 16th. The company reported $1.45 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. As a group, research analysts anticipate that Kroger will post 3.92 EPS for the current fiscal year.

In other Kroger news, SVP Timothy A. Massa sold 50,283 shares of the firm’s stock in a transaction that occurred on Thursday, April 21st. The shares were 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 owns 163,956 shares of the company’s stock, valued at approximately $9,514,366.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Yael Cosset sold 34,812 shares of the firm’s stock in a transaction that occurred on Thursday, April 7th. The shares were sold at an average price of $59.50, for a total transaction of $2,071,314.00. Following the completion of the transaction, the senior vice president now directly owns 162,207 shares of the company’s stock, valued at approximately $9,651,316.50. The disclosure for this sale can be found here. Company insiders own 1.35% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the company. Dark Forest Capital Management LP acquired a new stake in Kroger during the 3rd quarter worth $585,000. LPL Financial LLC raised its stake in Kroger by 19.8% during the 3rd quarter. LPL Financial LLC now owns 212,356 shares of the company’s stock worth $8,586,000 after acquiring an additional 35,158 shares in the last quarter. Wellington Management Group LLP raised its stake in Kroger by 15.5% during the 3rd quarter. Wellington Management Group LLP now owns 291,590 shares of the company’s stock worth $11,789,000 after acquiring an additional 39,032 shares in the last quarter. United Capital Financial Advisers LLC acquired a new stake in Kroger during the 3rd quarter worth $447,000. Finally, Toroso Investments LLC raised its stake in Kroger by 72.7% during the 3rd quarter. Toroso Investments LLC now owns 15,356 shares of the company’s stock worth $621,000 after acquiring an additional 6,463 shares in the last quarter. Institutional investors and hedge funds own 81.52% of the company’s stock.

Kroger Company Profile (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.

Recommended Stories

The Fly logo

Analyst Recommendations for Kroger (NYSE:KR)

Want More Great Investing Ideas?

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.