Kroger (NYSE:KR) Given Outperform Rating at Telsey Advisory Group

Kroger (NYSE:KR)‘s stock had its “outperform” rating reissued by Telsey Advisory Group in a research note issued to investors on Monday, MarketBeat Ratings reports. They presently have a $80.00 price target on the stock, down from their prior price target of $82.00. Telsey Advisory Group’s price target would suggest a potential upside of 26.68% from the company’s current price.

Several other analysts have also recently issued reports on KR. Guggenheim reissued a “buy” rating and issued a $78.00 target price on shares of Kroger in a research note on Wednesday, November 19th. Roth Capital upgraded shares of Kroger from a “neutral” rating to a “buy” rating and set a $75.00 price target for the company in a research note on Wednesday, September 17th. Evercore ISI lowered their price target on shares of Kroger from $82.00 to $80.00 and set an “outperform” rating for the company in a research report on Tuesday, October 14th. Argus set a $85.00 price objective on shares of Kroger in a report on Thursday, September 18th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Kroger in a research note on Tuesday, November 25th. Ten analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $74.22.

Kroger Price Performance

KR stock opened at $63.15 on Monday. The company has a quick ratio of 0.54, a current ratio of 0.95 and a debt-to-equity ratio of 1.85. Kroger has a 12 month low of $57.69 and a 12 month high of $74.90. The firm has a market cap of $41.85 billion, a P/E ratio of 16.03, a P/E/G ratio of 1.93 and a beta of 0.58. The company’s 50-day moving average price is $66.48 and its two-hundred day moving average price is $68.25.

Kroger (NYSE:KR) last issued its earnings results on Thursday, December 4th. The company reported $1.05 EPS for the quarter, beating the consensus estimate of $1.03 by $0.02. The company had revenue of $33.86 billion during the quarter, compared to the consensus estimate of $34.27 billion. Kroger had a return on equity of 32.62% and a net margin of 1.86%.The firm’s revenue for the quarter was up .7% compared to the same quarter last year. During the same period last year, the business posted $0.98 EPS. Kroger has set its FY 2025 guidance at 4.750-4.800 EPS. On average, analysts anticipate that Kroger will post 4.44 earnings per share for the current fiscal year.

Institutional Trading of Kroger

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