Kroger (NYSE:KR) Price Target Raised to $78.00

by · The Markets Daily

Kroger (NYSE:KR – Free Report) had its price target boosted by Guggenheim from $73.00 to $78.00 in a report published on Monday morning,Benzinga reports. They currently have a buy rating on the stock.

KR has been the subject of a number of other research reports. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Kroger from $57.00 to $67.00 and gave the stock a “hold” rating in a research note on Monday. Melius raised shares of Kroger from a “sell” rating to a “hold” rating and set a $70.00 price objective for the company in a research note on Tuesday, May 20th. Melius Research raised shares of Kroger from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 20th. Morgan Stanley upped their price objective on shares of Kroger from $65.00 to $71.00 and gave the company an “equal weight” rating in a research note on Monday, May 19th. Finally, Roth Capital set a $58.00 price objective on shares of Kroger in a research note on Thursday, March 6th. Nine analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $69.47.

View Our Latest Stock Report on Kroger

Kroger Stock Performance

Kroger stock opened at $72.21 on Monday. The firm’s 50 day simple moving average is $69.15 and its 200 day simple moving average is $65.47. The company has a current ratio of 0.95, a quick ratio of 0.53 and a debt-to-equity ratio of 1.92. The firm has a market capitalization of $47.72 billion, a PE ratio of 19.68, a price-to-earnings-growth ratio of 2.19 and a beta of 0.58. Kroger has a 1-year low of $49.04 and a 1-year high of $74.11.

Kroger (NYSE:KR – Get Free Report) last posted its earnings results on Friday, June 20th. The company reported $1.49 earnings per share for the quarter, topping analysts’ consensus estimates of $1.45 by $0.04. Kroger had a net margin of 1.76% and a return on equity of 30.01%. The business had revenue of $45.12 billion for the quarter, compared to analyst estimates of $45.35 billion. During the same quarter in the prior year, the firm posted $1.43 EPS. Kroger’s revenue was down .3% on a year-over-year basis. As a group, analysts expect that Kroger will post 4.44 earnings per share for the current fiscal year.

Insider Buying and Selling at Kroger

In other Kroger news, VP Brian W. Nichols sold 1,000 shares of the stock in a transaction on Monday, April 21st. The shares were sold at an average price of $72.03, for a total transaction of $72,030.00. Following the completion of the sale, the vice president now owns 10,473 shares of the company’s stock, valued at $754,370.19. This represents a 8.72% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Christine S. Wheatley sold 30,000 shares of the company’s stock in a transaction on Friday, April 4th. The stock was sold at an average price of $69.44, for a total transaction of $2,083,200.00. Following the completion of the transaction, the executive vice president now owns 127,737 shares of the company’s stock, valued at $8,870,057.28. This trade represents a 19.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 207,793 shares of company stock valued at $14,938,358 in the last quarter. Company insiders own 0.44% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Millstone Evans Group LLC bought a new position in Kroger in the 4th quarter worth $25,000. Accent Capital Management LLC bought a new position in Kroger in the 1st quarter worth $25,000. Whipplewood Advisors LLC bought a new position in Kroger in the 4th quarter worth $26,000. TCTC Holdings LLC bought a new position in shares of Kroger in the 4th quarter worth about $27,000. Finally, Transce3nd LLC bought a new position in shares of Kroger in the 4th quarter worth about $28,000. 80.93% of the stock is currently owned by institutional investors.

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.

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