Kroger (NYSE:KR) Given New $75.00 Price Target at Telsey Advisory Group

Kroger (NYSE:KR) had its target price lowered by stock analysts at Telsey Advisory Group from $78.00 to $75.00 in a research note issued on Monday, Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Telsey Advisory Group’s target price points to a potential upside of 23.69% from the company’s previous close.

Several other equities analysts have also recently weighed in on KR. JPMorgan Chase & Co. reduced their price target on Kroger from $72.00 to $70.00 and set a “neutral” rating for the company in a research report on Thursday, June 11th. Morgan Stanley cut their target price on Kroger from $73.00 to $67.00 and set an “equal weight” rating for the company in a research note on Monday, June 22nd. Guggenheim reiterated a “buy” rating on shares of Kroger in a research report on Monday. Barclays set a $61.00 price target on shares of Kroger and gave the stock an “equal weight” rating in a report on Monday, June 22nd. Finally, Roth Capital reiterated a “buy” rating and issued a $73.00 price objective on shares of Kroger in a research report on Monday. Ten research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat.com, Kroger presently has an average rating of “Moderate Buy” and an average price target of $70.31.

Kroger Stock Up 3.7%

Shares of NYSE:KR traded up $2.14 during midday trading on Monday, hitting $60.63. 2,185,632 shares of the company’s stock were exchanged, compared to its average volume of 6,847,579. The company has a debt-to-equity ratio of 2.59, a current ratio of 0.70 and a quick ratio of 0.31. The stock has a 50 day moving average price of $57.78 and a 200-day moving average price of $63.63. The company has a market cap of $37.15 billion, a PE ratio of 32.91, a price-to-earnings-growth ratio of 1.66 and a beta of 0.41. Kroger has a 12 month low of $54.15 and a 12 month high of $76.58.

Kroger (NYSE:KR) last issued its quarterly earnings data on Friday, September 11th. The company reported $1.09 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.04. Kroger had a return on equity of 49.90% and a net margin of 0.73%.The business had revenue of $34.62 billion for the quarter, compared to analysts’ expectations of $34.64 billion. During the same period last year, the business earned $1.04 EPS. The business’s revenue was up 2.0% on a year-over-year basis. Kroger has set its FY 2026 guidance at 5.100-5.300 EPS. On average, sell-side analysts anticipate that Kroger will post 5.2 EPS for the current fiscal year.

Hedge Funds Weigh In On Kroger

A number of hedge funds have recently modified their holdings of the company. Financial Engines Advisors L.L.C. grew its holdings in shares of Kroger by 4.5% during the fourth quarter. Financial Engines Advisors L.L.C. now owns 3,537 shares of the company’s stock worth $221,000 after purchasing an additional 153 shares in the last quarter. PFG Investments LLC raised its stake in Kroger by 3.3% in the first quarter. PFG Investments LLC now owns 4,899 shares of the company’s stock valued at $354,000 after purchasing an additional 157 shares in the last quarter. Smartleaf Asset Management LLC raised its stake in Kroger by 1.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 10,747 shares of the company’s stock valued at $674,000 after purchasing an additional 162 shares in the last quarter. Stephens Inc. AR lifted its position in Kroger by 1.0% during the fourth quarter. Stephens Inc. AR now owns 17,995 shares of the company’s stock valued at $1,124,000 after purchasing an additional 174 shares during the last quarter. Finally, ROI Financial Advisors LLC grew its stake in Kroger by 2.0% in the 1st quarter. ROI Financial Advisors LLC now owns 8,943 shares of the company’s stock worth $647,000 after buying an additional 175 shares in the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.

About Kroger

The Kroger Co (NYSE: KR) is one of the largest grocery retailers in the United States. Founded in Cincinnati in 1883 by Bernard Kroger, the company operates supermarkets, multi-department stores, pharmacies, convenience stores and fuel centers across the country.

Kroger sells a broad range of fresh foods, packaged groceries, household products, health and beauty items, prepared foods and general merchandise. Its private-label offerings include Simple Truth, Private Selection and Kroger brands.