Kroger (NYSE:KR) Rating Reiterated by Telsey Advisory Group

Kroger (NYSE:KR)‘s stock had its “outperform” rating reiterated by equities researchers at Telsey Advisory Group in a research report issued on Tuesday, Benzinga reports. They currently have a $62.00 price objective on the stock. Telsey Advisory Group’s price target indicates a potential upside of 10.42% from the stock’s previous close.

KR has been the topic of a number of other research reports. Wells Fargo & Company raised Kroger from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $58.00 to $65.00 in a research note on Tuesday, April 16th. Evercore ISI reduced their price target on Kroger from $63.00 to $62.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 16th. BNP Paribas reissued an “underperform” rating and set a $48.00 price target on shares of Kroger in a research note on Monday, April 8th. Finally, Guggenheim increased their price target on Kroger from $60.00 to $61.00 and gave the stock a “buy” rating in a research note on Tuesday, March 19th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, Kroger presently has a consensus rating of “Moderate Buy” and a consensus price target of $55.17.

Kroger Price Performance

Shares of KR opened at $56.15 on Tuesday. Kroger has a twelve month low of $42.10 and a twelve month high of $58.34. The stock’s 50 day moving average is $53.90 and its two-hundred day moving average is $48.11. The firm has a market capitalization of $40.52 billion, a PE ratio of 18.97, a P/E/G ratio of 2.66 and a beta of 0.48. The company has a current ratio of 0.81, a quick ratio of 0.36 and a debt-to-equity ratio of 1.04.

Kroger (NYSE:KR) last announced its quarterly earnings results on Thursday, March 7th. The company reported $1.34 EPS for the quarter, topping the consensus estimate of $1.13 by $0.21. The business had revenue of $37.06 billion for the quarter, compared to analyst estimates of $37.07 billion. Kroger had a return on equity of 31.44% and a net margin of 1.44%. The company’s quarterly revenue was up 6.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.99 EPS. Research analysts anticipate that Kroger will post 4.43 earnings per share for the current year.

Insider Activity at Kroger

In related news, VP Carin L. Fike sold 3,929 shares of the stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $57.03, for a total value of $224,070.87. Following the completion of the sale, the vice president now directly owns 3,768 shares in the company, valued at approximately $214,889.04. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, VP Carin L. Fike sold 3,929 shares of the stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $57.03, for a total value of $224,070.87. Following the completion of the sale, the vice president now directly owns 3,768 shares in the company, valued at approximately $214,889.04. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Valerie L. Jabbar sold 15,000 shares of the stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $55.52, for a total value of $832,800.00. Following the completion of the sale, the senior vice president now owns 77,696 shares of the company’s stock, valued at $4,313,681.92. The disclosure for this sale can be found here. 1.38% of the stock is owned by insiders.

Institutional Trading of Kroger

Large investors have recently modified their holdings of the business. Hexagon Capital Partners LLC grew its stake in shares of Kroger by 101.6% during the first quarter. Hexagon Capital Partners LLC now owns 496 shares of the company’s stock valued at $28,000 after acquiring an additional 250 shares in the last quarter. Creekmur Asset Management LLC bought a new stake in shares of Kroger during the fourth quarter valued at approximately $26,000. OFI Invest Asset Management bought a new stake in shares of Kroger during the third quarter valued at approximately $25,000. Redmont Wealth Advisors LLC bought a new stake in shares of Kroger during the first quarter valued at approximately $34,000. Finally, SouthState Corp raised its holdings in Kroger by 334.3% during the fourth quarter. SouthState Corp now owns 595 shares of the company’s stock worth $27,000 after purchasing an additional 458 shares in the last quarter. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Kroger Company Profile

The Kroger Co operates as a food and drug 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.