Kroger (NYSE:KR) Price Target Cut to $67.00 by Analysts at Morgan Stanley

Kroger (NYSE:KR) had its price target dropped by equities research analysts at Morgan Stanley from $73.00 to $67.00 in a research report issued on Monday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Morgan Stanley’s price target points to a potential upside of 18.44% from the stock’s current price.

KR has been the topic of a number of other research reports. Weiss Ratings lowered shares of Kroger from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday. Wells Fargo & Company downgraded shares of Kroger from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $70.00 to $68.00 in a report on Wednesday, February 25th. Wall Street Zen cut Kroger from a “buy” rating to a “hold” rating in a research note on Saturday. Jefferies Financial Group reissued a “buy” rating and set a $80.00 price objective on shares of Kroger in a report on Wednesday, June 3rd. Finally, JPMorgan Chase & Co. reduced their price objective on Kroger from $72.00 to $70.00 and set a “neutral” rating on the stock in a research report on Thursday, June 11th. Ten analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $74.31.

Kroger Stock Down 0.1%

KR stock opened at $56.57 on Monday. The firm has a 50-day moving average price of $65.51 and a 200-day moving average price of $66.32. Kroger has a 12 month low of $56.32 and a 12 month high of $76.58. The company has a current ratio of 0.79, a quick ratio of 0.39 and a debt-to-equity ratio of 2.43. The stock has a market capitalization of $34.65 billion, a P/E ratio of 33.27, a price-to-earnings-growth ratio of 1.58 and a beta of 0.43.

Kroger (NYSE:KR) last announced its quarterly earnings results on Thursday, June 18th. The company reported $1.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.59 by ($0.01). The company had revenue of $46.12 billion for the quarter, compared to the consensus estimate of $45.59 billion. Kroger had a net margin of 0.71% and a return on equity of 44.33%. The company’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same period last year, the firm posted $1.49 earnings per share. Kroger has set its FY 2026 guidance at 5.100-5.30 EPS. As a group, equities research analysts anticipate that Kroger will post 5.25 EPS for the current fiscal year.

Institutional Investors Weigh In On Kroger

A number of institutional investors have recently added to or reduced their stakes in the business. Brighton Jones LLC grew its stake in shares of Kroger by 27.3% in the fourth quarter. Brighton Jones LLC now owns 15,733 shares of the company’s stock worth $962,000 after purchasing an additional 3,373 shares during the last quarter. Woodline Partners LP raised its position in Kroger by 40.7% during the 1st quarter. Woodline Partners LP now owns 56,243 shares of the company’s stock worth $3,807,000 after purchasing an additional 16,270 shares during the last quarter. Sivia Capital Partners LLC bought a new position in Kroger during the 2nd quarter worth $201,000. NewEdge Advisors LLC lifted its holdings in Kroger by 11.5% during the 2nd quarter. NewEdge Advisors LLC now owns 97,288 shares of the company’s stock worth $6,978,000 after buying an additional 10,051 shares during the period. Finally, Nebula Research & Development LLC acquired a new position in Kroger during the 2nd quarter worth about $1,840,000. 80.93% of the stock is owned by institutional investors.

Kroger Company Profile

The Kroger Co (NYSE: KR) is one of the largest supermarket operators in the United States, offering a wide range of retail grocery and related services. Founded in Cincinnati in 1883 by Bernard Kroger, the company operates a portfolio of supermarket and multi-department store banners and provides customers with fresh foods, packaged groceries, deli and bakery items, meat and seafood, produce, and prepared foods. Kroger’s stores commonly include pharmacy services and fuel centers, positioning the company as a broad-based neighborhood retail destination for everyday needs.

In addition to traditional in-store retailing, Kroger manufactures and distributes a variety of private-label brands and operates its own food production and supply-chain facilities.