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KR

Kroger

$30.12

1.07 (3.68%)

15:14
10/11/16
10/11
15:14
10/11/16
15:14

Kroger playing offense with experimental formats, Morgan Stanley says

Kroger (KR) is outperforming the broader market after Morgan Stanley highlighted the "hidden value" of its new concept stores, whose focus on prepared and fresh food could be a ticket to success amid changing consumer tastes. MORGAN STANLEY BULLISH ON NEW STORES: Morgan Stanley analyst Vincent Sinisi said Tuesday that Kroger's Main & Vine, Mariano's, and Ruler Foods concept stores are underappreciated by investors and could unlock $4-$12 per share in incremental value, representing about 40% of the current stock price in Sinisi's $12, "extreme bull case." Future growth in the food retail space will "likely" come from such specialized concepts, says Sinisi, who cheers Kroger's "offensive" approach to the evolving consumer and argues that it has the customer knowledge, infrastructure, and funds to appropriately scale the new stores. The analyst keeps and Overweight rating and $40 price target on Kroger shares. PRICE ACTION: Shares of Kroger are up 3.8% to $30.16 in afternoon trading.

KR Kroger
$30.12

1.07 (3.68%)

09/23/16
LEHM
09/23/16
INITIATION
Target $33
LEHM
Equal Weight
Kroger initiated with an Equal Weight at Barclays
Barclays analyst Karen Short started Kroger with an Equal Weight rating and $33 price target.
10/07/16
SBSH
10/07/16
NO CHANGE
Target $39
SBSH
Buy
Citi says Whole Foods buyout would be uncharacteristic for Kroger
Citi analyst Alvin Concepcion weighs in on the speculation yesterday that Kroger (KR) could be interested in acquiring Whole Foods (WFM) for $40 per share. There are challenges that reduce the likelihood of a deal, and such a transaction could be uncharacteristic for Kroger, Concepcion tells investors in a research note. For one, the acquisition would be expensive, the analyst contends. And two, Kroger would have to lever up to 3.5 times net debt/EBITDA, he adds. The analyst keeps a Buy rating on Kroger with a $39 price target. Whole Foods yesterday closed up 5% to $29.33 amid the takeout rumor.
10/07/16
PIVT
10/07/16
NO CHANGE
PIVT
Whole Foods FY17 earnings risk not fully appreciated, says Pivotal Research
Pivotal Research said recent chatter involving Kroger (KR) and Whole Foods (WFM) follows a steady stream of bogus takeover rumors that seem to surface with little or no reasonable basis. The firm's analyst said this appears to be another head fake that distracts from core challenges facing Whole Foods ahead of 4Q16 results in early November and potential disappointing FY17 guidance. Pivotal said although Whole Foods multiple is not demanding, the extent of a FY17 earnings risk is not fully appreciated by the Street.
10/10/16
OPCO
10/10/16
NO CHANGE
OPCO
Wal-Mart 'starting to get its act together' in grocery, says Oppenheimer
After attending Wal-Mart's (WMT) analyst day meeting, Oppenheimer analyst Rupesh Parikh admitted he did not previously look favorably upon the company's strategy to expand into Neighborhood Market and smaller format stores, but he now sees signs that the company is "starting to get its act together in grocery." If Wal-Mart follows through with grocery price investments, it could hurt Kroger (KR), Smart & Final Stores (SFS) and Supervalu (SVU) and be an "indirect negative" for Sprouts Farmers Markets (SFM), Parikh tells investors. However, he also added that he remains confident in the ability of Kroger's management team to at least hold share.

TODAY'S FREE FLY STORIES

TXN

Texas Instruments

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1.29 (1.59%)

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JNS

Janus Capital

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TRMK

Trustmark

$32.97

0.14 (0.43%)

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X

U.S. Steel

$31.11

-0.09 (-0.29%)

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Preliminary option volume of 19.4M today »

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TXN

Texas Instruments

$82.37

1.29 (1.59%)

16:30
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CHSP

Chesapeake Lodging

$24.70

0.29 (1.19%)

16:29
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TGI

Triumph Group

$26.20

-0.05 (-0.19%)

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JNPR

Juniper

$27.78

-0.49 (-1.73%)

16:28
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Earnings
Juniper reports preliminary Q1 EPS 46c, consensus 42c »

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CHSP

Chesapeake Lodging

$24.70

0.29 (1.19%)

16:28
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Earnings
Chesapeake Lodging backs FY17 adjusted FFO $2.10-$2.20 »

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ARCW

ARC Group

$3.85

0.05 (1.32%)

16:28
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Breaking Hot Stocks news story on ARC Group »

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CHSP

Chesapeake Lodging

$24.70

0.29 (1.19%)

16:27
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Earnings
Chesapeake Lodging reports Q1 adjusted FFO 41c »

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BXMT

Blackstone Mortgage

$30.91

0.28 (0.91%)

16:26
04/25/17
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Earnings
Blackstone Mortgage reports Q1 core EPS 61c, consensus 63c »

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CCUR

Concurrent

$4.94

0.0626 (1.28%)

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UHS

Universal Health

$121.42

0.52 (0.43%)

16:25
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Universal Health reports Q1 adjusted EPS $2.10, consensus $2.07 »

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PCG

PG&E

$67.66

-0.13 (-0.19%)

, EIX

Edison International

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-0.12 (-0.15%)

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PG&E

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EIX

Edison International

$80.82

-0.12 (-0.15%)

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DECK

Deckers Brands

$58.74

0.4 (0.69%)

16:25
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Deckers Brands spikes after saying it will review strategic alternatives »

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AVXS

AveXis

$78.74

-0.44 (-0.56%)

16:25
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Conference/Events
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TRN

Trinity Industries

16:24
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Earnings
Trinity Industries sees 2017 EPS $1.00-$1.25 vs. prior outlook $1.00-$1.35 

Consensus $1.23.

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CHFC

Chemical Financial

$50.36

-0.35 (-0.69%)

16:24
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Earnings
Chemical Financial reports Q1 EPS 71c, consensus 70c »

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WK

Workiva

$16.80

-0.05 (-0.30%)

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Workiva partners with Fastpath »

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UVE

Universal Insurance

$23.35

0.45 (1.97%)

16:24
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Earnings
Universal Insurance reports Q1 EPS 86c, consensus 80c »

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CCI

Crown Castle

$94.27

-0.44 (-0.46%)

16:23
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Syndicate
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TRN

Trinity Industries

16:23
04/25/17
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Earnings
Trinity Industries reports Q1 EPS 30c, consensus 30c »

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SPN

Superior Energy

$13.47

0.47 (3.62%)

16:23
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Earnings
Superior Energy reports Q1 EPS (59c), consensus (61c) »

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