Kroger (NYSE:KR) Given New $67.00 Price Target at Deutsche Bank Aktiengesellschaft

Kroger (NYSE:KR - Get Free Report) had its target price raised by equities research analysts at Deutsche Bank Aktiengesellschaft from $57.00 to $67.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has a "hold" rating on the stock. Deutsche Bank Aktiengesellschaft's target price points to a potential downside of 6.74% from the company's current price.

A number of other analysts have also issued reports on the company. JPMorgan Chase & Co. raised their price target on Kroger from $72.00 to $82.00 and gave the stock an "overweight" rating in a research note on Thursday, May 1st. Citigroup increased their price objective on shares of Kroger from $61.00 to $65.00 and gave the stock a "neutral" rating in a report on Friday, March 7th. Evercore ISI lowered their target price on shares of Kroger from $76.00 to $75.00 and set an "outperform" rating for the company in a report on Tuesday, June 17th. Roth Capital set a $58.00 price target on shares of Kroger in a research note on Thursday, March 6th. Finally, Wall Street Zen upgraded shares of Kroger from a "hold" rating to a "buy" rating in a report on Saturday. Nine equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, Kroger has an average rating of "Moderate Buy" and a consensus target price of $68.53.

Kroger Stock Performance

Shares of KR opened at $71.85 on Monday. The company has a market capitalization of $47.48 billion, a price-to-earnings ratio of 19.58, a PEG ratio of 2.15 and a beta of 0.59. The company has a debt-to-equity ratio of 1.92, a quick ratio of 0.53 and a current ratio of 0.95. Kroger has a 1 year low of $49.04 and a 1 year high of $73.63. The company's 50 day simple moving average is $68.89 and its 200 day simple moving average is $65.27.

Kroger (NYSE:KR - Get Free Report) last issued its quarterly earnings results on Friday, June 20th. The company reported $1.49 earnings per share for the quarter, topping analysts' consensus estimates of $1.45 by $0.04. The company had revenue of $45.12 billion for the quarter, compared to analyst estimates of $45.35 billion. Kroger had a return on equity of 30.01% and a net margin of 1.76%. The business's revenue for the quarter was down .3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.43 EPS. On average, sell-side analysts predict that Kroger will post 4.44 EPS for the current year.

Insider Activity at Kroger

In other news, VP Carin L. Fike sold 5,541 shares of Kroger stock in a transaction that occurred on Thursday, April 3rd. The shares were sold at an average price of $70.79, for a total transaction of $392,247.39. Following the sale, the vice president now owns 3,480 shares in the company, valued at $246,349.20. This trade represents a 61.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Brian W. Nichols sold 1,000 shares of the company's stock in a transaction on Monday, April 21st. The shares were sold at an average price of $72.03, for a total transaction of $72,030.00. Following the completion of the transaction, the vice president now owns 10,473 shares of the company's stock, valued at $754,370.19. This trade represents a 8.72% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 111,679 shares of company stock worth $7,865,706. Corporate insiders own 0.44% of the company's stock.

Institutional Investors Weigh In On Kroger

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Sovereign Investment Advisors LLC acquired a new stake in shares of Kroger during the fourth quarter valued at about $351,000. Proficio Capital Partners LLC acquired a new stake in Kroger during the 4th quarter valued at approximately $223,000. Coordinated Financial Services Inc. purchased a new stake in Kroger during the 4th quarter worth approximately $282,000. Wealth Enhancement Advisory Services LLC raised its position in shares of Kroger by 8.8% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 307,790 shares of the company's stock valued at $20,834,000 after purchasing an additional 24,849 shares in the last quarter. Finally, Mitchell Capital Management Co. purchased a new position in shares of Kroger during the 4th quarter valued at approximately $5,870,000. Hedge funds and other institutional investors own 80.93% of the company's stock.

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.

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