Kroger (NYSE:KR) Earns “Buy (B)” Rating from Weiss Ratings

Kroger (NYSE:KR)‘s stock had its “buy (b)” rating reaffirmed by equities research analysts at Weiss Ratings in a note issued to investors on Saturday,Weiss Ratings reports.

Other equities analysts have also issued reports about the stock. Guggenheim restated a “buy” rating and issued a $78.00 price objective on shares of Kroger in a research report on Friday, September 12th. Barclays began coverage on shares of Kroger in a report on Monday, July 21st. They issued an “equal weight” rating and a $75.00 target price on the stock. Evercore ISI cut their target price on shares of Kroger from $82.00 to $80.00 and set an “outperform” rating on the stock in a report on Tuesday, October 14th. Roth Capital upgraded shares of Kroger from a “neutral” rating to a “buy” rating and set a $75.00 price target on the stock in a report on Wednesday, September 17th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $82.00 price target on shares of Kroger in a research report on Thursday, September 11th. Ten equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $74.50.

Kroger Price Performance

KR opened at $67.09 on Friday. The firm has a market cap of $44.46 billion, a P/E ratio of 17.03, a PEG ratio of 1.95 and a beta of 0.57. The firm has a 50-day moving average of $67.72 and a 200 day moving average of $69.17. The company has a debt-to-equity ratio of 1.85, a quick ratio of 0.54 and a current ratio of 0.95. Kroger has a fifty-two week low of $55.60 and a fifty-two week high of $74.90.

Kroger (NYSE:KR) last issued its earnings results on Thursday, September 11th. The company reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of $1.00 by $0.04. The firm had revenue of $33.94 billion during the quarter, compared to analyst estimates of $34.08 billion. Kroger had a net margin of 1.86% and a return on equity of 32.62%. The company’s quarterly revenue was up .1% on a year-over-year basis. During the same quarter last year, the business earned $0.93 earnings per share. Kroger has set its FY 2025 guidance at 4.700-4.800 EPS. On average, research analysts expect that Kroger will post 4.44 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Accent Capital Management LLC bought a new position in shares of Kroger during the 1st quarter valued at approximately $25,000. SOA Wealth Advisors LLC. increased its stake in shares of Kroger by 6,840.0% during the second quarter. SOA Wealth Advisors LLC. now owns 347 shares of the company’s stock valued at $25,000 after buying an additional 342 shares during the period. Atlantic Union Bankshares Corp bought a new stake in Kroger during the second quarter valued at about $28,000. Rossby Financial LCC bought a new stake in Kroger during the second quarter valued at about $29,000. Finally, Whipplewood Advisors LLC boosted its position in Kroger by 10,425.0% during the second quarter. Whipplewood Advisors LLC now owns 421 shares of the company’s stock valued at $30,000 after purchasing an additional 417 shares in the last quarter. 80.93% of the stock is currently owned by institutional investors.

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.