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 report report published on Friday,Benzinga reports. They currently have a $73.00 price objective on the stock.

Other analysts have also issued research reports about the company. Melius Research raised Kroger from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 20th. Roth Capital set a $58.00 price objective on Kroger in a research report on Thursday, March 6th. Melius upgraded Kroger from a “sell” rating to a “hold” rating and set a $70.00 price objective for the company in a research note on Tuesday, May 20th. Morgan Stanley increased their target price on shares of Kroger from $65.00 to $71.00 and gave the stock an “equal weight” rating in a report on Monday, May 19th. Finally, Guggenheim lifted their price target on shares of Kroger from $71.00 to $73.00 and gave the company a “buy” rating in a report on Thursday, April 3rd. Eight equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $68.11.

Kroger Trading Up 9.7%

NYSE:KR opened at $71.85 on Friday. The company has a current ratio of 0.96, a quick ratio of 0.52 and a debt-to-equity ratio of 2.13. Kroger has a 12 month low of $49.04 and a 12 month high of $73.63. The company has a market cap of $47.48 billion, a PE ratio of 19.58, a price-to-earnings-growth ratio of 1.96 and a beta of 0.58. The company has a 50 day simple moving average of $68.89 and a two-hundred day simple moving average of $65.20.

Kroger (NYSE:KR) last posted its earnings results on Friday, June 20th. The company reported $1.49 EPS for the quarter, topping analysts’ consensus estimates of $1.45 by $0.04. Kroger had a net margin of 1.81% and a return on equity of 28.17%. The business had revenue of $45.12 billion during the quarter, compared to the consensus estimate of $45.35 billion. During the same quarter in the previous year, the firm posted $1.43 EPS. The firm’s revenue was down .3% on a year-over-year basis. Research analysts forecast that Kroger will post 4.44 earnings per share for the current year.

Insider Transactions at Kroger

In related news, EVP Christine S. Wheatley sold 30,000 shares of the business’s stock in a transaction on Wednesday, April 23rd. The shares were sold at an average price of $72.07, for a total value of $2,162,100.00. Following the sale, the executive vice president now owns 97,737 shares in the company, valued at approximately $7,043,905.59. The trade was a 23.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Carin L. Fike sold 5,541 shares of the business’s stock in a transaction on Thursday, April 3rd. The stock was sold at an average price of $70.79, for a total transaction of $392,247.39. Following the completion of the sale, the vice president now owns 3,480 shares in the company, valued at $246,349.20. This represents a 61.42% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 111,679 shares of company stock valued at $7,865,706. 0.44% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Kroger

Large investors have recently bought and sold shares of the business. Brighton Jones LLC increased its position in Kroger by 27.3% during the fourth quarter. Brighton Jones LLC now owns 15,733 shares of the company’s stock valued at $962,000 after acquiring an additional 3,373 shares during the last quarter. Principal Securities Inc. increased its position in Kroger by 20.9% during the fourth quarter. Principal Securities Inc. now owns 7,415 shares of the company’s stock valued at $453,000 after acquiring an additional 1,280 shares during the last quarter. Truist Financial Corp increased its position in Kroger by 1.7% during the fourth quarter. Truist Financial Corp now owns 179,401 shares of the company’s stock valued at $10,970,000 after acquiring an additional 3,049 shares during the last quarter. Venturi Wealth Management LLC increased its position in Kroger by 12.8% during the fourth quarter. Venturi Wealth Management LLC now owns 5,142 shares of the company’s stock valued at $314,000 after acquiring an additional 584 shares during the last quarter. Finally, Atria Wealth Solutions Inc. increased its position in Kroger by 1.4% during the fourth quarter. Atria Wealth Solutions Inc. now owns 18,691 shares of the company’s stock valued at $1,143,000 after acquiring an additional 257 shares during the last quarter. 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.