Kroger (NYSE:KR - Get Free Report)'s stock had its "outperform" rating reaffirmed by Telsey Advisory Group in a research report issued to clients and investors on Friday,Benzinga reports. They presently have a $73.00 price objective on the stock. Telsey Advisory Group's target price would indicate a potential upside of 11.42% from the company's current price.
KR has been the subject of a number of other research reports. Citigroup lifted their price target on Kroger from $61.00 to $65.00 and gave the stock a "neutral" rating in a report on Friday, March 7th. Guggenheim boosted their target price on Kroger from $71.00 to $73.00 and gave the stock a "buy" rating in a report on Thursday, April 3rd. JPMorgan Chase & Co. increased their price target on Kroger from $72.00 to $82.00 and gave the company an "overweight" rating in a research note on Thursday, May 1st. Melius Research raised shares of Kroger from a "strong sell" rating to a "hold" rating in a research report on Tuesday, May 20th. Finally, Evercore ISI increased their price objective on shares of Kroger from $73.00 to $74.00 and gave the company an "outperform" rating in a research report on Tuesday, March 11th. Eight analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $68.06.
Check Out Our Latest Research Report on Kroger
Kroger Stock Performance
KR stock traded up $0.46 during trading hours on Friday, reaching $65.52. The stock had a trading volume of 6,507,714 shares, compared to its average volume of 5,787,713. The stock has a 50-day simple moving average of $68.87 and a 200 day simple moving average of $65.01. Kroger has a fifty-two week low of $49.04 and a fifty-two week high of $73.63. The stock has a market capitalization of $43.30 billion, a PE ratio of 17.33, a price-to-earnings-growth ratio of 2.85 and a beta of 0.58. The company has a debt-to-equity ratio of 1.74, a current ratio of 1.54 and a quick ratio of 1.07.
Insider Buying and Selling
In other news, SVP Yael Cosset sold 17,685 shares of Kroger stock in a transaction on Monday, March 17th. The stock was sold at an average price of $66.19, for a total value of $1,170,570.15. Following the transaction, the senior vice president now owns 139,124 shares in the company, valued at approximately $9,208,617.56. This trade represents a 11.28% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Christine S. Wheatley sold 30,000 shares of the company's stock in a transaction on Wednesday, April 23rd. The stock was 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 of the company's stock, valued at approximately $7,043,905.59. This represents a 23.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 160,815 shares of company stock worth $11,101,588. Company insiders own 0.44% of the company's stock.
Institutional Trading of Kroger
A number of hedge funds have recently added to or reduced their stakes in KR. 1248 Management LLC acquired a new stake in shares of Kroger during the 1st quarter valued at $631,000. First Hawaiian Bank acquired a new position in shares of Kroger in the first quarter valued at approximately $383,000. Modern Wealth Management LLC bought a new stake in Kroger during the 1st quarter worth approximately $654,000. Strs Ohio acquired a new position in Kroger in the 1st quarter valued at approximately $62,730,000. Finally, Jacobi Capital Management LLC bought a new position in shares of Kroger during the first quarter valued at $285,000. Institutional investors and hedge funds own 80.93% of the company's stock.
Kroger Company Profile
(
Get Free Report)
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.
See Also
Before you consider Kroger, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Kroger wasn't on the list.
While Kroger currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
