Barclays Maintains an 'Equalweight' on Kroger (KR); Managing Through Tough Times
Tweet
Share
E-mailGet Alerts KR Hot Sheet
Price: $57.90 +2.81%
Rating Summary:
16 Buy, 19 Hold, 4 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
16 Buy, 19 Hold, 4 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Join SI Premium – FREE
Barclays maintains an 'Equalweight' on Kroger (NYSE: KR) price target raised $2 to $24.00.
Barclays analyst says, "KR demonstrated once again why it is viewed as the best public supermarket chain, with a 3Q11 identical-store sales increase of 5.0% vs. Safeway at +1.5% and Supervalu at -1.8%. Inflation was very high this quarter at 6.0%, and this combined with the weak economy to make the environment very difficult. Consumers' food purchases were pressured and tonnage was flat after several years of increases...We think all the positives are priced into KR's stock, but recognize that its strictly domestic store base and limited downside may be attractive to some investors given
turbulence in the market."
"We are raising our 4Q11 EPS estimate by $0.02 to $0.49, which brings our FY11 estimate up by $0.05 to $2.00, the high end of the raised guidance of $1.95-$2.00. We are also raising our FY12 EPS estimate to $2.25 from $2.11."
For an analyst ratings summary and ratings history on Kroger click here. For more ratings news on Kroger click here.
Shares of Kroger closed at $23.37 yesterday.
Barclays analyst says, "KR demonstrated once again why it is viewed as the best public supermarket chain, with a 3Q11 identical-store sales increase of 5.0% vs. Safeway at +1.5% and Supervalu at -1.8%. Inflation was very high this quarter at 6.0%, and this combined with the weak economy to make the environment very difficult. Consumers' food purchases were pressured and tonnage was flat after several years of increases...We think all the positives are priced into KR's stock, but recognize that its strictly domestic store base and limited downside may be attractive to some investors given
turbulence in the market."
"We are raising our 4Q11 EPS estimate by $0.02 to $0.49, which brings our FY11 estimate up by $0.05 to $2.00, the high end of the raised guidance of $1.95-$2.00. We are also raising our FY12 EPS estimate to $2.25 from $2.11."
For an analyst ratings summary and ratings history on Kroger click here. For more ratings news on Kroger click here.
Shares of Kroger closed at $23.37 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Advance Auto Parts (AAP) PT Lowered to $48 at DA Davidson Following 25% Selloff Post Q2 Results
- DA Davidson Starts Comfort Systems USA (FIX) at Buy
- Cummins (CMI) PT Lowered to $675 at Jefferies
Create E-mail Alert Related Categories
Analyst CommentsRelated Entities
BarclaysSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
