Kroger (NYSE:KR) Stock Rating Upgraded by Wells Fargo & Company

Kroger (NYSE:KR) was upgraded by investment analysts at Wells Fargo & Company from an “equal weight” rating to an “overweight” rating in a report released on Tuesday, Marketbeat reports. The firm presently has a $65.00 price target on the stock, up from their prior price target of $58.00. Wells Fargo & Company‘s target price would suggest a potential upside of 17.63% from the company’s current price.

KR has been the subject of a number of other reports. Telsey Advisory Group lifted their price objective on Kroger from $60.00 to $62.00 and gave the stock an “outperform” rating in a research note on Thursday, March 28th. BNP Paribas reaffirmed an “underperform” rating and set a $48.00 price objective on shares of Kroger in a research note on Monday, April 8th. Evercore ISI lifted their price objective on Kroger from $62.00 to $64.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 26th. Finally, Guggenheim lifted their price objective on Kroger from $60.00 to $61.00 and gave the stock a “buy” rating in a research note on Tuesday, March 19th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $55.17.

Kroger Trading Down 0.0 %

KR stock opened at $55.26 on Tuesday. The company has a market cap of $39.88 billion, a P/E ratio of 18.67, a PEG ratio of 2.58 and a beta of 0.48. Kroger has a twelve month low of $42.10 and a twelve month high of $58.34. The company has a quick ratio of 0.36, a current ratio of 0.81 and a debt-to-equity ratio of 1.04. The business has a fifty day moving average of $52.84 and a 200-day moving average of $47.69.

Kroger (NYSE:KR) last announced its quarterly earnings data on Thursday, March 7th. The company reported $1.34 EPS for the quarter, topping analysts’ consensus estimates of $1.13 by $0.21. Kroger had a return on equity of 31.44% and a net margin of 1.44%. The business had revenue of $37.06 billion during the quarter, compared to analysts’ expectations of $37.07 billion. During the same period in the previous year, the firm earned $0.99 earnings per share. The firm’s quarterly revenue was up 6.4% compared to the same quarter last year. As a group, equities research analysts expect that Kroger will post 4.43 EPS for the current year.

Institutional Trading of Kroger

Institutional investors have recently modified their holdings of the company. International Assets Investment Management LLC raised its holdings in Kroger by 4,810.7% during the fourth quarter. International Assets Investment Management LLC now owns 567,829 shares of the company’s stock worth $25,955,000 after acquiring an additional 556,266 shares in the last quarter. Royal London Asset Management Ltd. raised its stake in Kroger by 4.3% in the third quarter. Royal London Asset Management Ltd. now owns 284,094 shares of the company’s stock valued at $12,715,000 after buying an additional 11,707 shares during the period. Czech National Bank raised its stake in Kroger by 49.3% in the third quarter. Czech National Bank now owns 115,411 shares of the company’s stock valued at $5,165,000 after buying an additional 38,119 shares during the period. SG Americas Securities LLC raised its stake in Kroger by 239.9% in the third quarter. SG Americas Securities LLC now owns 168,019 shares of the company’s stock valued at $7,519,000 after buying an additional 118,581 shares during the period. Finally, Cerity Partners LLC raised its stake in Kroger by 12.5% in the fourth quarter. Cerity Partners LLC now owns 156,275 shares of the company’s stock valued at $7,143,000 after buying an additional 17,380 shares during the period. 80.93% of the stock is currently owned by institutional investors.

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.