Kroger (NYSE:KR) Given New $62.00 Price Target at Evercore ISI

Kroger (NYSE:KR - Get Free Report) had its price target decreased by equities research analysts at Evercore ISI from $63.00 to $62.00 in a research note issued on Tuesday, Benzinga reports. The firm currently has an "outperform" rating on the stock. Evercore ISI's price target would indicate a potential upside of 12.20% from the company's current price.

KR has been the subject of a number of other research reports. Guggenheim upped their price objective on Kroger from $60.00 to $61.00 and gave the company a "buy" rating in a report on Tuesday, March 19th. Wells Fargo & Company raised Kroger from an "equal weight" rating to an "overweight" rating and upped their price objective for the stock from $58.00 to $65.00 in a research report on Tuesday. Telsey Advisory Group increased their price target on Kroger from $60.00 to $62.00 and gave the company an "outperform" rating in a research report on Thursday, March 28th. Finally, BNP Paribas reissued an "underperform" rating and set a $48.00 price target on shares of Kroger in a research report on Monday, April 8th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat, Kroger has an average rating of "Moderate Buy" and an average price target of $55.17.

Kroger Stock Performance

Shares of KR stock traded down $0.10 during trading on Tuesday, reaching $55.26. The company had a trading volume of 6,182,722 shares, compared to its average volume of 4,994,512. The firm's 50 day simple moving average is $52.63 and its two-hundred day simple moving average is $47.63. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.81 and a quick ratio of 0.36. Kroger has a one year low of $42.10 and a one year high of $58.34. The company has a market capitalization of $39.88 billion, a PE ratio of 18.67, a PEG ratio of 2.57 and a beta of 0.48.

Kroger (NYSE:KR - Get Free Report) last announced its quarterly earnings results on Thursday, March 7th. The company reported $1.34 EPS for the quarter, beating the consensus estimate of $1.13 by $0.21. The business had revenue of $37.06 billion for the quarter, compared to analyst estimates of $37.07 billion. Kroger had a return on equity of 31.44% and a net margin of 1.44%. Kroger's quarterly revenue was up 6.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.99 EPS. Sell-side analysts forecast that Kroger will post 4.43 earnings per share for the current year.

Institutional Trading of Kroger

A number of institutional investors have recently modified their holdings of KR. Kathmere Capital Management LLC grew its holdings in Kroger by 36.8% in the first quarter. Kathmere Capital Management LLC now owns 15,504 shares of the company's stock worth $886,000 after purchasing an additional 4,171 shares during the period. Hennessy Advisors Inc. bought a new position in Kroger during the first quarter valued at approximately $3,434,000. Hengehold Capital Management LLC raised its position in Kroger by 1.4% in the first quarter. Hengehold Capital Management LLC now owns 13,626 shares of the company's stock worth $778,000 after acquiring an additional 185 shares during the period. Buckley Wealth Management LLC bought a new position in Kroger in the first quarter worth approximately $1,275,000. Finally, Janiczek Wealth Management LLC raised its position in Kroger by 17.5% in the first quarter. Janiczek Wealth Management LLC now owns 4,684 shares of the company's stock worth $268,000 after acquiring an additional 699 shares during the period. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

About Kroger

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.