Kroger (NYSE:KR) Price Target Lowered to $71.00 at JPMorgan Chase & Co.

by · The Cerbat Gem

Kroger (NYSE:KR – Get Free Report) had its price target dropped by research analysts at JPMorgan Chase & Co. from $73.00 to $71.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 11.31% from the stock’s previous close.

A number of other research firms have also issued reports on KR. Evercore ISI set a $77.00 target price on shares of Kroger in a research note on Friday. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Kroger in a research report on Monday. Telsey Advisory Group reissued an “outperform” rating and set a $80.00 price objective (down previously from $82.00) on shares of Kroger in a research report on Monday. Wells Fargo & Company restated an “overweight” rating and set a $70.00 target price (down previously from $78.00) on shares of Kroger in a research note on Thursday. Finally, Wall Street Zen downgraded Kroger from a “strong-buy” rating to a “buy” rating in a research report on Sunday, October 26th. Ten investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Kroger has a consensus rating of “Moderate Buy” and an average price target of $73.61.

View Our Latest Stock Analysis on KR

Kroger Stock Up 1.0%

Shares of NYSE KR traded up $0.65 during mid-day trading on Friday, reaching $63.79. 2,106,852 shares of the company traded hands, compared to its average volume of 7,063,548. The company’s fifty day moving average is $66.48 and its two-hundred day moving average is $68.25. The company has a debt-to-equity ratio of 1.85, a quick ratio of 0.54 and a current ratio of 0.95. Kroger has a fifty-two week low of $57.69 and a fifty-two week high of $74.90. The stock has a market cap of $42.27 billion, a PE ratio of 16.18, a price-to-earnings-growth ratio of 1.93 and a beta of 0.58.

Kroger (NYSE:KR – Get Free Report) last announced its earnings results on Thursday, December 4th. The company reported $1.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.03 by $0.02. Kroger had a return on equity of 32.62% and a net margin of 1.86%.The firm had revenue of $33.86 billion during the quarter, compared to analysts’ expectations of $34.27 billion. During the same quarter in the prior year, the business earned $0.98 earnings per share. The company’s revenue was up .7% on a year-over-year basis. Kroger has set its FY 2025 guidance at 4.750-4.800 EPS. On average, analysts expect that Kroger will post 4.44 earnings per share for the current year.

Institutional Trading of Kroger

Several institutional investors have recently modified their holdings of the company. Severin Investments LLC raised its stake in shares of Kroger by 19.6% in the third quarter. Severin Investments LLC now owns 7,489 shares of the company’s stock valued at $505,000 after purchasing an additional 1,225 shares in the last quarter. Allworth Financial LP boosted its stake in Kroger by 2.1% during the third quarter. Allworth Financial LP now owns 37,359 shares of the company’s stock worth $2,518,000 after buying an additional 770 shares in the last quarter. IFP Advisors Inc increased its holdings in Kroger by 15.9% in the 3rd quarter. IFP Advisors Inc now owns 10,420 shares of the company’s stock valued at $702,000 after buying an additional 1,430 shares during the period. Swiss Life Asset Management Ltd raised its stake in shares of Kroger by 16.7% in the 3rd quarter. Swiss Life Asset Management Ltd now owns 210,856 shares of the company’s stock valued at $14,214,000 after buying an additional 30,203 shares in the last quarter. Finally, Groupama Asset Managment bought a new position in shares of Kroger during the 3rd quarter worth about $476,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

About Kroger

(Get Free Report)

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.

Featured Stories