Telsey Advisory Group Lowers Kroger (NYSE:KR) Price Target to $75.00

Key Points

• Telsey Advisory Group lowered Kroger’s price target from $78 to $75 while maintaining an “outperform” rating, implying approximately 23.7% upside from the prior close.
• Analyst sentiment remains positive overall: Kroger has a consensus “Moderate Buy” rating and an average price target of $70.31, based on 10 Buy and nine Hold ratings.
• Kroger recently exceeded quarterly EPS expectations, reporting $1.09 versus the $1.05 consensus, while revenue rose 2% year over year to $34.62 billion.

Kroger (NYSE:KR - Get Free Report) had its price objective cut by stock analysts at Telsey Advisory Group from $78.00 to $75.00 in a research note issued on Monday, Benzinga reports. The firm presently has an "outperform" rating on the stock. Telsey Advisory Group's target price suggests a potential upside of 23.69% from the company's previous close.

KR has been the subject of several other research reports. Roth Capital reiterated a "buy" rating and issued a $73.00 price objective on shares of Kroger in a research report on Monday. The Goldman Sachs Group restated a "buy" rating and issued a $82.00 price objective on shares of Kroger in a research report on Friday, June 19th. JPMorgan Chase & Co. reduced their target price on shares of Kroger from $72.00 to $70.00 and set a "neutral" rating on the stock in a research report on Thursday, June 11th. HC Wainwright reissued a "buy" rating on shares of Kroger in a research note on Thursday, July 2nd. Finally, Jefferies Financial Group restated a "buy" rating and issued a $80.00 price objective on shares of Kroger in a research report on Wednesday, June 3rd. Ten investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $70.31.

Kroger Price Performance

Kroger stock traded up $2.14 during midday trading on Monday, hitting $60.63. The company's stock had a trading volume of 2,185,632 shares, compared to its average volume of 6,847,579. The company has a market capitalization of $37.15 billion, a PE ratio of 32.91, a price-to-earnings-growth ratio of 1.66 and a beta of 0.41. Kroger has a 12 month low of $54.15 and a 12 month high of $76.58. The company has a quick ratio of 0.31, a current ratio of 0.70 and a debt-to-equity ratio of 2.59. The stock's 50-day moving average price is $57.78 and its 200-day moving average price is $63.63.

Kroger (NYSE:KR - Get Free Report) last released its quarterly earnings data on Friday, September 11th. The company reported $1.09 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.05 by $0.04. Kroger had a return on equity of 49.90% and a net margin of 0.73%.The firm had revenue of $34.62 billion during the quarter, compared to analysts' expectations of $34.64 billion. During the same quarter last year, the firm earned $1.04 earnings per share. The business's revenue for the quarter was up 2.0% on a year-over-year basis. Kroger has set its FY 2026 guidance at 5.100-5.300 EPS. Analysts anticipate that Kroger will post 5.2 earnings per share for the current fiscal year.

Institutional Trading of Kroger

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. bought a new stake in Kroger in the 2nd quarter valued at $3,016,956,000. California State Teachers Retirement System increased its holdings in shares of Kroger by 6,190.2% in the second quarter. California State Teachers Retirement System now owns 43,768,080 shares of the company's stock valued at $2,430,441,000 after purchasing an additional 43,072,270 shares during the last quarter. State Street Corp raised its position in shares of Kroger by 1.2% in the third quarter. State Street Corp now owns 31,948,112 shares of the company's stock valued at $2,153,622,000 after purchasing an additional 386,503 shares during the period. GQG Partners LLC boosted its holdings in shares of Kroger by 11.3% during the fourth quarter. GQG Partners LLC now owns 13,398,072 shares of the company's stock worth $837,113,000 after acquiring an additional 1,360,946 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in Kroger by 0.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 12,296,026 shares of the company's stock valued at $889,878,000 after buying an additional 53,625 shares in the last quarter. 80.93% of the stock is owned by institutional investors.

Kroger Company Profile

The Kroger Co NYSE: KR is one of the largest grocery retailers in the United States. Founded in Cincinnati in 1883 by Bernard Kroger, the company operates supermarkets, multi-department stores, pharmacies, convenience stores and fuel centers across the country.

Kroger sells a broad range of fresh foods, packaged groceries, household products, health and beauty items, prepared foods and general merchandise. Its private-label offerings include Simple Truth, Private Selection and Kroger brands.

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