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

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

KR has been the subject of a number of other research reports. Wells Fargo & Company upgraded shares of Kroger from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $58.00 to $65.00 in a research note on Tuesday, April 16th. Guggenheim raised their price objective on shares of Kroger from $60.00 to $61.00 and gave the stock a “buy” rating in a report on Tuesday, March 19th. Evercore ISI cut their target price on shares of Kroger from $63.00 to $62.00 and set an “outperform” rating for the company in a research report on Tuesday, April 16th. Finally, BNP Paribas reiterated an “underperform” rating and set a $48.00 target price on shares of Kroger in a research report on Monday, April 8th. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $55.17.

Kroger Stock Up 0.9 %

Kroger stock opened at $56.15 on Tuesday. The company has a market capitalization of $40.52 billion, a PE ratio of 18.97, a PEG ratio of 2.66 and a beta of 0.48. The firm’s fifty day moving average is $53.90 and its 200 day moving average is $48.11. The company has a quick ratio of 0.36, a current ratio of 0.81 and a debt-to-equity ratio of 1.04. Kroger has a 12-month low of $42.10 and a 12-month high of $58.34.

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

Insiders Place Their Bets

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

Hedge Funds Weigh In On Kroger

A number of hedge funds have recently bought and sold shares of KR. OFI Invest Asset Management bought a new position in Kroger in the 3rd quarter worth about $25,000. Creekmur Asset Management LLC bought a new position in shares of Kroger during the 4th quarter valued at approximately $26,000. SouthState Corp boosted its position in shares of Kroger by 334.3% during the 4th quarter. SouthState Corp now owns 595 shares of the company’s stock valued at $27,000 after acquiring an additional 458 shares during the last quarter. VisionPoint Advisory Group LLC lifted its position in Kroger by 370.1% in the third quarter. VisionPoint Advisory Group LLC now owns 630 shares of the company’s stock worth $28,000 after buying an additional 496 shares during the last quarter. Finally, Scarborough Advisors LLC bought a new stake in Kroger in the fourth quarter worth $28,000. Institutional investors own 80.93% of the company’s stock.

About Kroger

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.