Albertsons Companies (NYSE:ACI) Upgraded at Roth Capital

Roth Capital upgraded shares of Albertsons Companies (NYSE:ACI - Free Report) from a neutral rating to a buy rating in a research note released on Tuesday morning, Zacks.com reports.

Other equities research analysts also recently issued research reports about the company. Tigress Financial restated a buy rating and issued a $27.00 target price on shares of Albertsons Companies in a research report on Friday, January 12th. Evercore ISI decreased their target price on shares of Albertsons Companies from $23.00 to $22.00 and set an in-line rating on the stock in a research report on Tuesday, April 16th. Roth Mkm raised shares of Albertsons Companies from a neutral rating to a buy rating and set a $24.00 price target on the stock in a research note on Tuesday. Royal Bank of Canada cut their target price on Albertsons Companies from $23.00 to $22.00 and set an outperform rating on the stock in a research report on Tuesday. Finally, Telsey Advisory Group restated a market perform rating and set a $27.25 price target on shares of Albertsons Companies in a research report on Tuesday. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and an average price target of $24.45.

Albertsons Companies Trading Down 1.3 %

ACI stock traded down $0.26 during trading on Tuesday, reaching $20.06. 4,129,871 shares of the stock were exchanged, compared to its average volume of 3,457,920. The company has a current ratio of 0.84, a quick ratio of 0.19 and a debt-to-equity ratio of 2.83. The firm has a market capitalization of $11.56 billion, a price-to-earnings ratio of 9.03, a P/E/G ratio of 0.95 and a beta of 0.50. The business has a 50 day moving average price of $20.88 and a 200-day moving average price of $21.62. Albertsons Companies has a 1 year low of $19.84 and a 1 year high of $23.88.

Albertsons Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 10th. Stockholders of record on Friday, April 26th will be issued a $0.12 dividend. The ex-dividend date is Thursday, April 25th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.39%. Albertsons Companies's payout ratio is currently 21.52%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of ACI. Peddock Capital Advisors LLC lifted its stake in Albertsons Companies by 2.2% in the fourth quarter. Peddock Capital Advisors LLC now owns 23,401 shares of the company's stock valued at $538,000 after buying an additional 500 shares during the last quarter. Asset Management One Co. Ltd. boosted its stake in Albertsons Companies by 0.5% during the 3rd quarter. Asset Management One Co. Ltd. now owns 107,919 shares of the company's stock worth $2,455,000 after purchasing an additional 519 shares during the period. Verus Capital Partners LLC grew its position in Albertsons Companies by 3.7% during the 3rd quarter. Verus Capital Partners LLC now owns 14,998 shares of the company's stock worth $341,000 after purchasing an additional 540 shares during the last quarter. Miracle Mile Advisors LLC increased its stake in Albertsons Companies by 3.7% in the third quarter. Miracle Mile Advisors LLC now owns 16,645 shares of the company's stock valued at $379,000 after purchasing an additional 600 shares during the period. Finally, State Board of Administration of Florida Retirement System raised its holdings in shares of Albertsons Companies by 0.4% in the third quarter. State Board of Administration of Florida Retirement System now owns 169,902 shares of the company's stock valued at $3,865,000 after buying an additional 620 shares during the last quarter. Institutional investors and hedge funds own 71.35% of the company's stock.

Albertsons Companies Company Profile

Albertsons Companies, Inc, through its subsidiaries, engages in the operation of food and drug stores in the United States. The company's food and drug retail stores offer grocery products, general merchandise, health and beauty care products, pharmacy, fuel, and other items and services. It also manufactures and processes food products for sale in stores.