Kroger (NYSE:KR) PT Raised to $53.00

Posted by on Mar 5th, 2023

Kroger (NYSE:KR – Get Rating) had its price target lifted by analysts at Deutsche Bank Aktiengesellschaft from $51.00 to $53.00 in a report released on Friday, The Fly reports. The brokerage presently has a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft’s price objective indicates a potential upside of 15.27% from the stock’s current price.

Several other equities research analysts have also recently commented on KR. StockNews.com raised Kroger from a “buy” rating to a “strong-buy” rating in a research note on Thursday, February 23rd. MKM Partners reduced their price objective on Kroger from $50.00 to $47.00 and set a “neutral” rating for the company in a research note on Monday, December 5th. Jefferies Financial Group raised their price objective on Kroger from $45.00 to $50.00 in a research note on Monday, December 5th. UBS Group reduced their price objective on Kroger from $57.00 to $54.00 and set a “neutral” rating for the company in a research note on Friday, December 2nd. Finally, Wells Fargo & Company reduced their price objective on Kroger from $47.00 to $42.00 and set an “underweight” rating for the company in a research note on Wednesday, January 4th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $54.00.

Kroger Trading Up 0.5 %

Shares of KR stock opened at $45.98 on Friday. The stock has a market cap of $32.91 billion, a price-to-earnings ratio of 14.98, a PEG ratio of 1.77 and a beta of 0.47. The stock has a 50-day moving average of $44.73 and a 200-day moving average of $46.01. The company has a current ratio of 0.76, a quick ratio of 0.27 and a debt-to-equity ratio of 1.26. Kroger has a 1-year low of $41.81 and a 1-year high of $62.78.

Kroger (NYSE:KR – Get Rating) last released its earnings results on Thursday, March 2nd. The company reported $0.99 EPS for the quarter, topping the consensus estimate of $0.90 by $0.09. Kroger had a return on equity of 31.84% and a net margin of 1.51%. The business had revenue of $34.82 billion during the quarter, compared to analysts’ expectations of $34.89 billion. During the same quarter last year, the firm posted $0.91 earnings per share. The firm’s revenue was up 5.4% on a year-over-year basis. On average, equities research analysts forecast that Kroger will post 4.22 earnings per share for the current year.

Insider Buying and Selling

In other Kroger news, SVP Mary Ellen Adcock sold 43,000 shares of the firm’s stock in a transaction on Tuesday, December 20th. The stock was sold at an average price of $44.27, for a total value of $1,903,610.00. Following the completion of the sale, the senior vice president now directly owns 135,611 shares of the company’s stock, valued at $6,003,498.97. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.35% of the stock is currently owned by corporate insiders.

Institutional Trading of Kroger

A number of large investors have recently bought and sold shares of KR. United Capital Financial Advisers LLC grew its position in shares of Kroger by 1.9% in the first quarter. United Capital Financial Advisers LLC now owns 11,571 shares of the company’s stock valued at $664,000 after purchasing an additional 221 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in shares of Kroger by 9.0% in the third quarter. EverSource Wealth Advisors LLC now owns 2,687 shares of the company’s stock valued at $117,000 after purchasing an additional 222 shares in the last quarter. IHT Wealth Management LLC grew its position in shares of Kroger by 3.4% in the first quarter. IHT Wealth Management LLC now owns 6,693 shares of the company’s stock valued at $384,000 after purchasing an additional 222 shares in the last quarter. Costello Asset Management INC grew its position in shares of Kroger by 2.3% in the third quarter. Costello Asset Management INC now owns 10,225 shares of the company’s stock valued at $447,000 after purchasing an additional 225 shares in the last quarter. Finally, Twelve Points Wealth Management LLC grew its position in shares of Kroger by 2.6% in the fourth quarter. Twelve Points Wealth Management LLC now owns 9,227 shares of the company’s stock valued at $411,000 after purchasing an additional 233 shares in the last quarter. 78.03% of the stock is owned by hedge funds and other institutional investors.

Kroger Company Profile

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The Kroger Co engages in the operation of supermarkets and multi-department stores. Its brands include Big K, Check This Out?, Heritage Farm, Simple Truth, and Simple Truth Organic. The company was founded by Barney Kroger in 1883 and is headquartered in Cincinnati, OH.

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