Albertsons Companies (NYSE:ACI) Stock Rating Reaffirmed by Telsey Advisory Group

Telsey Advisory Group reiterated their market perform rating on shares of Albertsons Companies (NYSE:ACI) in a report released on Tuesday morning, Benzinga reports. They currently have a $27.25 price objective on the stock.

Several other analysts have also recently commented on the stock. Tigress Financial restated a buy rating and set a $27.00 price objective on shares of Albertsons Companies in a research note on Friday, January 12th. Evercore ISI decreased their target price on shares of Albertsons Companies from $23.00 to $22.00 and set an in-line rating for the company in a research note on Tuesday, April 16th. Roth Mkm upgraded shares of Albertsons Companies from a neutral rating to a buy rating and set a $24.00 target price for the company in a research note on Tuesday. Finally, Royal Bank of Canada decreased their target price on shares of Albertsons Companies from $23.00 to $22.00 and set an outperform rating for the company in a research note on Tuesday. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of Moderate Buy and a consensus target price of $24.45.

Albertsons Companies Stock Performance

Shares of NYSE ACI opened at $20.32 on Tuesday. The company has a current ratio of 0.85, a quick ratio of 0.19 and a debt-to-equity ratio of 3.09. Albertsons Companies has a 12 month low of $19.88 and a 12 month high of $23.88. The company has a 50 day simple moving average of $20.88 and a two-hundred day simple moving average of $21.62. The stock has a market cap of $11.71 billion, a price-to-earnings ratio of 8.68, a PEG ratio of 0.96 and a beta of 0.50.

Albertsons Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 10th. Investors of record on Friday, April 26th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 2.36%. The ex-dividend date is Thursday, April 25th. Albertsons Companies’s payout ratio is presently 20.51%.

Institutional Investors Weigh In On Albertsons Companies

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Cornerstone Investment Partners LLC purchased a new stake in Albertsons Companies in the 4th quarter worth $1,023,000. SG Americas Securities LLC increased its holdings in Albertsons Companies by 1,569.5% in the 4th quarter. SG Americas Securities LLC now owns 267,443 shares of the company’s stock worth $6,151,000 after acquiring an additional 251,424 shares in the last quarter. Schechter Investment Advisors LLC increased its holdings in Albertsons Companies by 7.1% in the 4th quarter. Schechter Investment Advisors LLC now owns 776,966 shares of the company’s stock worth $17,870,000 after acquiring an additional 51,590 shares in the last quarter. Alpine Associates Management Inc. increased its holdings in Albertsons Companies by 11.9% in the 3rd quarter. Alpine Associates Management Inc. now owns 4,267,518 shares of the company’s stock worth $97,086,000 after acquiring an additional 454,400 shares in the last quarter. Finally, Dark Forest Capital Management LP increased its holdings in Albertsons Companies by 466.2% in the 3rd quarter. Dark Forest Capital Management LP now owns 96,926 shares of the company’s stock worth $2,205,000 after acquiring an additional 79,808 shares in the last quarter. Hedge funds and other institutional investors own 71.35% of the company’s stock.

About Albertsons Companies

Albertsons Companies, Inc, through its subsidiaries, engages in the operation of food and drug stores in the United States. The company's food and drug retail stores offer grocery products, general merchandise, health and beauty care products, pharmacy, fuel, and other items and services. It also manufactures and processes food products for sale in stores.