Kroger (NYSE:KR) Given Outperform Rating at Telsey Advisory Group

Telsey Advisory Group reaffirmed their outperform rating on shares of Kroger (NYSE:KR) in a research note issued to investors on Wednesday, Benzinga reports. The firm currently has a $55.00 target price on the stock.

A number of other analysts have also recently weighed in on KR. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Kroger from $54.00 to $50.00 in a report on Friday, June 16th. UBS Group reduced their price target on shares of Kroger from $51.00 to $48.00 in a research report on Monday, June 19th. Bank of America reduced their price target on shares of Kroger from $75.00 to $65.00 in a research report on Friday, June 16th. StockNews.com began coverage on shares of Kroger in a research report on Thursday, August 17th. They issued a buy rating for the company. Finally, 3M restated a maintains rating on shares of Kroger in a research report on Friday, June 16th. One analyst has rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, Kroger currently has an average rating of Hold and a consensus price target of $52.50.

Kroger Trading Up 0.3 %

Kroger stock opened at $45.16 on Wednesday. The firm has a 50 day simple moving average of $47.49 and a 200-day simple moving average of $47.42. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.77 and a quick ratio of 0.36. The stock has a market capitalization of $32.41 billion, a PE ratio of 12.94, a price-to-earnings-growth ratio of 2.26 and a beta of 0.48. Kroger has a 12-month low of $41.81 and a 12-month high of $52.00.

Kroger (NYSE:KR) last posted its quarterly earnings data on Thursday, June 15th. The company reported $1.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.46 by $0.05. The business had revenue of $45.17 billion during the quarter, compared to analysts’ expectations of $45.26 billion. Kroger had a net margin of 1.71% and a return on equity of 30.96%. The business’s revenue was up 1.3% on a year-over-year basis. During the same period last year, the firm posted $1.45 earnings per share. As a group, equities research analysts expect that Kroger will post 4.52 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. KB Financial Partners LLC acquired a new stake in Kroger in the 1st quarter worth $28,000. Carmel Capital Partners LLC acquired a new stake in Kroger in the 1st quarter worth $30,000. GPS Wealth Strategies Group LLC acquired a new stake in Kroger in the 1st quarter worth $31,000. Horizon Bancorp Inc. IN acquired a new stake in Kroger in the 4th quarter worth $32,000. Finally, Compagnie Lombard Odier SCmA acquired a new stake in Kroger in the 4th quarter worth $35,000. 78.98% of the stock is currently owned by institutional investors and hedge funds.

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.