Kroger (NYSE:KR) Earns Outperform Rating from Telsey Advisory Group

Kroger (NYSE:KRGet Free Report)‘s stock had its “outperform” rating reaffirmed by Telsey Advisory Group in a report released on Friday,Benzinga reports. They presently have a $73.00 price objective on the stock. Telsey Advisory Group’s target price would suggest a potential upside of 11.42% from the company’s previous close.

A number of other research firms have also recently weighed in on KR. Guggenheim raised their price target on shares of Kroger from $71.00 to $73.00 and gave the company a “buy” rating in a report on Thursday, April 3rd. Morgan Stanley lifted their target price on shares of Kroger from $65.00 to $71.00 and gave the company an “equal weight” rating in a report on Monday, May 19th. Roth Capital set a $58.00 price target on shares of Kroger in a research note on Thursday, March 6th. JPMorgan Chase & Co. lifted their price target on shares of Kroger from $72.00 to $82.00 and gave the company an “overweight” rating in a research note on Thursday, May 1st. Finally, Melius Research raised shares of Kroger from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 20th. Eight analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Kroger presently has an average rating of “Moderate Buy” and a consensus price target of $68.06.

Get Our Latest Stock Analysis on KR

Kroger Stock Up 0.7%

Shares of Kroger stock opened at $65.52 on Friday. The company has a debt-to-equity ratio of 1.74, a current ratio of 1.54 and a quick ratio of 1.07. Kroger has a 1 year low of $49.04 and a 1 year high of $73.63. The firm’s 50-day moving average is $68.87 and its two-hundred day moving average is $65.01. The stock has a market cap of $43.30 billion, a price-to-earnings ratio of 17.33, a PEG ratio of 2.85 and a beta of 0.58.

Insider Activity

In other news, VP Brian W. Nichols sold 1,000 shares of the business’s stock in a transaction on Monday, April 21st. The stock was sold at an average price of $72.03, for a total value of $72,030.00. Following the sale, the vice president now owns 10,473 shares of the company’s stock, valued at approximately $754,370.19. The trade was a 8.72% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Valerie L. Jabbar sold 31,271 shares of Kroger stock in a transaction dated Wednesday, April 16th. The stock was sold at an average price of $69.08, for a total value of $2,160,200.68. Following the completion of the transaction, the senior vice president now directly owns 82,684 shares in the company, valued at $5,711,810.72. This represents a 27.44% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 160,815 shares of company stock worth $11,101,588. 0.44% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Kroger

Several institutional investors and hedge funds have recently added to or reduced their stakes in KR. Millstone Evans Group LLC bought a new stake in Kroger in the fourth quarter valued at $25,000. Accent Capital Management LLC acquired a new position in Kroger in the first quarter valued at about $25,000. Whipplewood Advisors LLC acquired a new position in Kroger in the fourth quarter valued at about $26,000. TCTC Holdings LLC acquired a new stake in shares of Kroger during the fourth quarter worth about $27,000. Finally, Transce3nd LLC acquired a new stake in shares of Kroger during the fourth quarter worth about $28,000. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Kroger Company Profile

(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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Analyst Recommendations for Kroger (NYSE:KR)

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