Kroger (NYSE:KR) Lifted to Hold at Deutsche Bank

Kroger (NYSE:KR) was upgraded by analysts at Deutsche Bank from a “sell” rating to a “hold” rating in a report issued on Tuesday, Briefing.com Automated Import reports. The firm currently has a $27.00 price objective on the stock, up from their prior price objective of $22.00. Deutsche Bank’s price objective indicates a potential upside of 0.56% from the company’s current price.

Several other brokerages have also recently weighed in on KR. UBS Group lifted their price target on shares of Kroger from $25.00 to $26.00 and gave the stock a “neutral” rating in a research note on Friday, September 13th. Morgan Stanley set a $26.00 price target on shares of Kroger and gave the stock a “hold” rating in a research note on Friday, September 13th. JPMorgan Chase & Co. lifted their price target on shares of Kroger from $24.00 to $27.00 in a research note on Thursday, October 24th. Citigroup dropped their price target on shares of Kroger from $30.00 to $21.00 and set a “buy” rating on the stock in a research note on Tuesday, September 24th. Finally, Credit Suisse Group reiterated an “outperform” rating and set a $29.00 price target (up previously from $27.00) on shares of Kroger in a research note on Friday, September 13th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $27.35.

KR stock traded up $0.24 on Tuesday, hitting $26.85. The company had a trading volume of 37,337 shares, compared to its average volume of 8,140,780. Kroger has a 12-month low of $20.70 and a 12-month high of $31.98. The company has a current ratio of 0.76, a quick ratio of 0.27 and a debt-to-equity ratio of 2.15. The stock’s 50-day simple moving average is $25.17 and its 200 day simple moving average is $23.91. The stock has a market cap of $21.66 billion, a price-to-earnings ratio of 12.74, a P/E/G ratio of 1.96 and a beta of 0.56.

Kroger (NYSE:KR) last issued its quarterly earnings results on Thursday, September 12th. The company reported $0.44 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.03. The business had revenue of $28.17 billion for the quarter, compared to analysts’ expectations of $28.34 billion. Kroger had a net margin of 1.36% and a return on equity of 21.17%. The company’s revenue was up .5% compared to the same quarter last year. During the same quarter last year, the company posted $0.41 EPS. Research analysts forecast that Kroger will post 2.19 earnings per share for the current year.

In other Kroger news, SVP Mary Ellen Adcock sold 15,400 shares of Kroger stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $28.00, for a total value of $431,200.00. Following the sale, the senior vice president now directly owns 121,085 shares in the company, valued at approximately $3,390,380. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP J Michael Schlotman sold 68,187 shares of Kroger stock in a transaction on Friday, September 13th. The shares were sold at an average price of $26.02, for a total transaction of $1,774,225.74. Following the completion of the sale, the executive vice president now owns 295,160 shares in the company, valued at $7,680,063.20. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 134,323 shares of company stock worth $3,537,389. 1.34% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in KR. TRUE Private Wealth Advisors bought a new stake in Kroger in the 2nd quarter valued at $26,000. Sageworth Trust Co bought a new stake in shares of Kroger in the 2nd quarter worth about $33,000. Capital Investment Advisory Services LLC increased its holdings in shares of Kroger by 57.2% in the 2nd quarter. Capital Investment Advisory Services LLC now owns 1,787 shares of the company’s stock worth $37,000 after buying an additional 650 shares during the last quarter. Venturi Wealth Management LLC bought a new stake in shares of Kroger in the 3rd quarter worth about $40,000. Finally, Enterprise Financial Services Corp increased its holdings in shares of Kroger by 151.6% in the 2nd quarter. Enterprise Financial Services Corp now owns 1,935 shares of the company’s stock worth $41,000 after buying an additional 1,166 shares during the last quarter. Institutional investors own 80.59% of the company’s stock.

Kroger Company Profile

The Kroger Co operates as a retailer in the United States. The company operates supermarkets, multi-department stores, marketplace stores, and price impact warehouse stores. 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 Story: Intrinsic Value

Analyst Recommendations for Kroger (NYSE:KR)

Receive News & Ratings for Kroger Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kroger and related companies with MarketBeat.com's FREE daily email newsletter.