Kroger (NYSE:KR) Stock Rating Reaffirmed by Telsey Advisory Group

Kroger (NYSE:KR - Get Free Report)'s stock had its "outperform" rating reissued by equities researchers at Telsey Advisory Group in a research note issued to investors on Tuesday, Benzinga reports. They currently have a $62.00 price target on the stock. Telsey Advisory Group's price target suggests a potential upside of 11.47% from the stock's previous close.

A number of other research analysts also recently weighed in on KR. Guggenheim increased their target price on shares of Kroger from $60.00 to $61.00 and gave the company a "buy" rating in a research report on Tuesday, March 19th. BNP Paribas restated an "underperform" rating and set a $48.00 price objective on shares of Kroger in a research report on Monday, April 8th. Evercore ISI decreased their target price on shares of Kroger from $63.00 to $62.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 16th. Finally, Wells Fargo & Company upgraded shares of Kroger from an "equal weight" rating to an "overweight" rating and lifted their target price for the stock from $58.00 to $65.00 in a research report on Tuesday, April 16th. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $55.17.

Kroger Trading Down 2.3 %

KR traded down $1.31 during trading on Tuesday, reaching $55.62. 5,146,458 shares of the stock traded hands, compared to its average volume of 4,960,286. The company has a quick ratio of 0.36, a current ratio of 0.81 and a debt-to-equity ratio of 1.04. The stock has a market capitalization of $40.14 billion, a PE ratio of 19.23, a P/E/G ratio of 2.64 and a beta of 0.48. The stock's 50-day moving average is $53.49 and its 200 day moving average is $47.96. Kroger has a 12 month low of $42.10 and a 12 month high of $58.34.

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

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Tyche Wealth Partners LLC bought a new position in Kroger in the first quarter worth approximately $262,000. Wesbanco Bank Inc. purchased a new stake in shares of Kroger in the first quarter worth $270,000. Summit Trail Advisors LLC increased its stake in shares of Kroger by 60.2% in the first quarter. Summit Trail Advisors LLC now owns 7,080 shares of the company's stock worth $405,000 after purchasing an additional 2,661 shares in the last quarter. Sutton Place Investors LLC purchased a new stake in shares of Kroger in the first quarter worth $247,000. Finally, Nilsine Partners LLC increased its stake in shares of Kroger by 0.6% in the first quarter. Nilsine Partners LLC now owns 230,166 shares of the company's stock worth $13,149,000 after purchasing an additional 1,322 shares in the last quarter. 80.93% of the stock is currently owned by institutional investors.

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.