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

Kroger (NYSE:KR)‘s stock had its “outperform” rating restated by equities researchers at Telsey Advisory Group in a research report issued on Tuesday, Benzinga reports. They currently have a $62.00 price objective on the stock. Telsey Advisory Group’s price objective would suggest a potential upside of 8.91% from the stock’s previous close.

Other equities analysts also recently issued reports about the company. BNP Paribas reiterated an “underperform” rating and set a $48.00 price objective on shares of Kroger in a research report on Monday, April 8th. Wells Fargo & Company upgraded Kroger from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $58.00 to $65.00 in a research report on Tuesday, April 16th. Evercore ISI reduced their price objective on Kroger from $63.00 to $62.00 and set an “outperform” rating for the company in a research report on Tuesday, April 16th. Finally, Guggenheim boosted their price objective on Kroger from $60.00 to $61.00 and gave the stock a “buy” rating in a research report on Tuesday, March 19th. One investment 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $55.17.

Kroger Trading Up 0.6 %

NYSE:KR opened at $56.93 on Tuesday. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.36 and a current ratio of 0.81. The stock has a market cap of $41.09 billion, a price-to-earnings ratio of 19.23, a price-to-earnings-growth ratio of 2.64 and a beta of 0.48. Kroger has a one year low of $42.10 and a one year high of $58.34. The business’s 50-day simple moving average is $53.49 and its 200 day simple moving average is $47.96.

Kroger (NYSE:KR) last announced its quarterly earnings data on Thursday, March 7th. The company reported $1.34 earnings per share for the quarter, beating the consensus estimate of $1.13 by $0.21. The firm had revenue of $37.06 billion during 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 period in the previous year, the company earned $0.99 earnings per share. As a group, sell-side analysts predict that Kroger will post 4.43 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Kroger

Hedge funds have recently bought and sold shares of the business. International Assets Investment Management LLC increased its position in Kroger by 4,810.7% during the fourth quarter. International Assets Investment Management LLC now owns 567,829 shares of the company’s stock worth $25,955,000 after buying an additional 556,266 shares during the last quarter. Royal London Asset Management Ltd. increased its position in Kroger by 4.3% during the third quarter. Royal London Asset Management Ltd. now owns 284,094 shares of the company’s stock worth $12,715,000 after buying an additional 11,707 shares during the last quarter. Czech National Bank boosted its holdings in Kroger by 49.3% during the third quarter. Czech National Bank now owns 115,411 shares of the company’s stock valued at $5,165,000 after acquiring an additional 38,119 shares during the period. Cerity Partners LLC boosted its holdings in Kroger by 12.5% during the fourth quarter. Cerity Partners LLC now owns 156,275 shares of the company’s stock valued at $7,143,000 after acquiring an additional 17,380 shares during the period. Finally, Nordea Investment Management AB boosted its holdings in Kroger by 7.5% during the fourth quarter. Nordea Investment Management AB now owns 1,647,862 shares of the company’s stock valued at $75,175,000 after acquiring an additional 115,264 shares during the period. 80.93% of the stock is owned by institutional investors and hedge funds.

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.