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KR

Kroger

$21.10

(0.00%)

, SFM

Sprouts Farmers Market

$22.10

-1.65 (-6.95%)

09:18
08/25/17
08/25
09:18
08/25/17
09:18

Kroger, Sprouts unlikely to be hurt much by Amazon move, says SunTrust

After Amazon (AMZN) announced that it would cut Whole Foods (WFM) prices and supermarket stocks dropped, SunTrust analyst David Magee says he doesn't expect Kroger (KR) and Sports (SFM) to be significantly hurt by the move in the near-term. He says that Kroger's customer base is distinct from that of Whole Foods and only 10% of the company's stores are within three miles of a Whole Foods store. Additionally, he says that most of Kroger's products are "conventional," differentiating it from Whole Foods. Sprout's outlook is tied much more "to the broader pricing environment," while its current initiatives are gaining traction, Magee stated. He says, however, that Whole Foods' move could negative impact Natural Grocers (NGVC), "which does emphasize organic and has store overlap" with Whole Foods, according to the analyst.

KR

Kroger

$21.10

(0.00%)

SFM

Sprouts Farmers Market

$22.10

-1.65 (-6.95%)

AMZN

Amazon.com

$952.45

-5.55 (-0.58%)

NGVC

Natural Grocers

$5.94

(0.00%)

KR Kroger
$21.10

(0.00%)

07/26/17
CLVD
07/26/17
NO CHANGE
CLVD
Kroger sales likely above Q2 consensus expectatoins, says Cleveland Research
Cleveland Research analyst Scott Bender said checks indicate Kroger's sales trends improved Q2-to-date versus Q1 driven by reduced fresh food deflation and aggressive promotions increasing tonnage performance. The analyst is forecasting Q2 earnings of 40c, versus consensus of 39c, and maintains a Neutral rating.
08/11/17
SPHN
08/11/17
INITIATION
SPHN
Underweight
Kroger initiated with an Underweight at Stephens
08/22/17
MSCO
08/22/17
NO CHANGE
MSCO
Morgan finds nearly 25% have tried online, but 'stores still matter' in grocery
Morgan Stanley analysts Vincent Sinisi and Brian Nowak said the firm's survey work shows that 24% of people have ordered groceries online at least once in the last 3 months, but that was mostly through traditional grocers' websites. Also, they believe share of wallet is materially lower, likely in the low single digits in terms of overall penetration. The survey findings lead them to conclude that "brick and mortar matters in grocery," which speaks to why Amazon (AMZN) is trying to acquire Whole Foods (WFM). The need for e-commerce expansion could pressure margins for traditional operators like Kroger (KR), the analysts add.
08/25/17
08/25/17
NO CHANGE

Price cuts not a 'silver bullet' for Amazon to disrupt grocery, says Citi
Citi analyst Alvin Concepcion noted that a number of food retail stocks sold off yesterday after Amazon (AMZN) announced price reductions on certain top selling items at Whole Foods (WFM) stores beginning on Monday when their deal closes, but he contends "price cuts alone are not a silver bullet to becoming a disruptive threat" in an industry that already has many discount operators. He adds that he would be wary of a more significant negative overreaction to news around Amazon's price plans at Whole Foods at this time. Some of the food retailing stocks that declined yesterday included Wal-Mart (WMT), Target (TGT), Kroger (KR), Sprouts Farmers Market (SFM), Costco (COST) and Supervalu (SVU).
SFM Sprouts Farmers Market
$22.10

-1.65 (-6.95%)

08/11/17
SPHN
08/11/17
INITIATION
SPHN
Equal Weight
Sprouts Farmers Market initiated with an Equal Weight at Stephens
08/25/17
UBSW
08/25/17
NO CHANGE
UBSW
Buy
Selloffs overdone in Costco, Sprouts Farmers shares, says UBS
UBS analyst Michael Lasser noted Amazon (AMZN) said it would lower certain food prices following the close of its purchase of Whole Foods (WFM) next week, though he pointed out that the initial price cuts are in very specialized categories. With the overall sector seeing signs of positive trends, including a slight return to food inflation, he believes the pullbacks in Sprouts Farmers (SFM) and Costco (COST) are overdone.
08/04/17
JPMS
08/04/17
UPGRADE
Target $27
JPMS
Overweight
Sprouts Farmers Market upgraded to Overweight from Neutral at JPMorgan
JPMorgan analyst Ken Goldman upgraded Sprouts Farmers Market to Overweight and raised his price target for the shares to $27 from $24. The analyst found the Q2 earnings call "encouraging." Many of Sprouts' issues over the past year, namely deflation, heightened labor investments and intense competition, are beginning to abate, Goldman tells investors in a research note.
AMZN Amazon.com
$952.45

-5.55 (-0.58%)

08/25/17
BARD
08/25/17
NO CHANGE
Target $200
BARD
Outperform
Costco risk/reward favorable for patient investors, says Baird
Baird analyst Peter Benedict said Costco's (COST) selloff since Amazon's (AMZN) announcement of its deal to buy Whole Foods (WFM) has vastly improved its valuation profile, suggesting a favorable risk/reward for patient investors. The analyst said easing comps, steady traffic, and emerging ticket support suggests improving fundamentals. Benedict reiterated his Outperform rating and $200 price target on Costco shares.
08/25/17
08/25/17
UPGRADE
Target $120

Buy
VMware upgraded to Buy on cloud transition acceleration at BofA/Merrill
As previously reported, Bank of America Merrill Lynch analyst Kash Rangan upgraded VMware (VMW) to Buy from Neutral, citing his belief the company will see through a transition of its business model and this trend will be accelerated by VMW Cloud on Amazon Web Services (AMZN). VMware's forward looking indicators reported with its Q2 report were stronger than expected, giving Rangan confidence that double-digit revenue growth can be sustained into next year and potentially longer, he tells investors. He raised his price target on VMware shares to $120 from $108.
08/25/17
08/25/17
DOWNGRADE
Target $235

Market Perform
Ulta Beauty downgraded on slowing market, rising competition at BMO Capital
As previously reported, BMO Capital analyst Shannon Coyne downgraded Ulta Beauty (ULTA) to Market Perform from Outperform, citing the slowing beauty market, department stores becoming more promotional and rolling out loyalty programs better targeted toward beauty consumers and Amazon (AMZN) gaining ground in the mass market and potentially gaining access to prestige brands. The analyst, who thinks the Ulta story is "shifting to a market share war from market expansion," lowered his price target on Ulta shares to $235 from $345.
NGVC Natural Grocers
$5.94

(0.00%)

02/03/17
RHCO
02/03/17
DOWNGRADE
RHCO
Hold
Natural Grocers downgraded to Hold from Buy at SunTrust
08/07/17
WOLF
08/07/17
UPGRADE
WOLF
Peer Perform
Natural Grocers upgraded to Peer Perform from Underperform at Wolfe Research
06/19/17
SBSH
06/19/17
NO CHANGE
Target $26
SBSH
Buy
Kroger risk/reward looks favorable, says Citi
Citi analyst Alvin Concepcion believes Kroger's (KR) risk/reward remains favorable following last week's selloff. The analyst lowered his price target for the shares to $26 from $36 and keeps a Buy rating on the name. Kroger shares now trade at a 50% discount to their peer group, despite peers like Sprouts Farmers Market (SFM) and Natural Grocers (NGVC) facing greater exposure to threats from a stronger Whole Foods (WFM) in the natural/organic category, Concepcion tells investors in a research note. Amazon (AMZN) Friday announced a takeover of Whole Foods.
02/03/17
RHCO
02/03/17
DOWNGRADE
RHCO
Hold
Natural Grocers downgraded on Q1 miss at SunTrust
As noted earlier, SunTrust downgraded Natural Grocers to Hold from Buy. Analyst David Magee says that the company's Q1 sales were "weak" and predicts that the shares will be "at best" range bound until traffic rebounds. Target to $13 from $17.

TODAY'S FREE FLY STORIES

FCN

FTI Consulting

$73.08

-0.99 (-1.34%)

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BX

Blackstone

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ENB

Enbridge

$34.43

0.03 (0.09%)

07:33
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07:33
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AMD

AMD

$31.01

-0.17 (-0.55%)

, NVDA

Nvidia

$263.44

-2.83 (-1.06%)

07:32
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Initiation
AMD, Nvidia initiated  »

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AMD

AMD

$31.01

-0.17 (-0.55%)

NVDA

Nvidia

$263.44

-2.83 (-1.06%)

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MIDD

Middleby

$128.95

1.42 (1.11%)

07:32
09/24/18
09/24
07:32
09/24/18
07:32
Upgrade
Middleby rating change  »

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IVZ

Invesco

$24.31

-0.105 (-0.43%)

07:32
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07:32
Recommendations
Invesco analyst commentary  »

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RDC

Rowan Companies

$18.02

0.54 (3.09%)

07:31
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Hot Stocks
Rowan Norway awarded contract by Turkish Petroleum »

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  • 24

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EGL

Engility

$35.26

0.83 (2.41%)

07:31
09/24/18
09/24
07:31
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07:31
Hot Stocks
Engility wins prime spot on $28B research & development contract »

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UMICY

Umicore

$0.00

(0.00%)

07:31
09/24/18
09/24
07:31
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07:31
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Umicore initiated  »

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JMPLY

Johnson Matthey

$0.00

(0.00%)

07:30
09/24/18
09/24
07:30
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07:30
Initiation
Johnson Matthey initiated  »

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RIG

Transocean

$13.54

0.91 (7.21%)

, DUK

Duke Energy

$79.82

-0.81 (-1.00%)

07:30
09/24/18
09/24
07:30
09/24/18
07:30
Options
Unusual put flow in option market yesterday »

Notable put activity was…

RIG

Transocean

$13.54

0.91 (7.21%)

DUK

Duke Energy

$79.82

-0.81 (-1.00%)

DXC

DXC Technology

$96.33

1.49 (1.57%)

GTXI

GTx

$1.76

-21.575 (-92.48%)

03/08/13
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03/06/13
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  • 24

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    Nov

BASFY

BASF

$0.00

(0.00%)

07:29
09/24/18
09/24
07:29
09/24/18
07:29
Initiation
BASF initiated  »

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  • 13

    Nov

AKZOY

AkzoNobel

$0.00

(0.00%)

07:29
09/24/18
09/24
07:29
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07:29
Initiation
AkzoNobel initiated  »

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NKE

Nike

$85.15

-0.22 (-0.26%)

07:28
09/24/18
09/24
07:28
09/24/18
07:28
Recommendations
Nike analyst commentary  »

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  • 25

    Sep

VRCA

Verrica Pharmaceuticals

$16.38

-0.1 (-0.61%)

07:27
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09/24
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07:27
Hot Stocks
Verrica Pharmaceuticals joins Russell 2000, 3000 »

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BX

Blackstone

$39.51

1.72 (4.55%)

07:27
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07:27
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  • 25

    Sep

PX

Praxair

$166.54

0.26 (0.16%)

07:26
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09/24
07:26
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07:26
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Praxair initiated  »

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  • 29

    Sep

ANAB

AnaptysBio

$92.83

0.61 (0.66%)

07:26
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Conference/Events
AnaptysBio to host conference call »

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  • 24

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BTAI

BioXcel Therapeutics

$7.50

-0.09 (-1.19%)

, NKTR

Nektar

$59.00

0.53 (0.91%)

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BTAI

BioXcel Therapeutics

$7.50

-0.09 (-1.19%)

NKTR

Nektar

$59.00

0.53 (0.91%)

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LNAGF

Linde AG

$0.00

(0.00%)

07:25
09/24/18
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07:25
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07:25
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EAT

Brinker

$47.97

-0.78 (-1.60%)

, DRI

Darden

$112.91

-3.55 (-3.05%)

07:25
09/24/18
09/24
07:25
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07:25
Downgrade
Brinker, Darden, Chuy's rating change  »

Brinker, Darden,…

EAT

Brinker

$47.97

-0.78 (-1.60%)

DRI

Darden

$112.91

-3.55 (-3.05%)

CHUY

Chuy's

$27.48

-0.475 (-1.70%)

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07:25
General news
Treasury Market Outlook: bond yields are higher and stocks are mostly lower »

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AMAT

Applied Materials

$39.62

0.22 (0.56%)

, ASML

ASML

$188.37

-3.09 (-1.61%)

07:25
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09/24
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07:25
Recommendations
Applied Materials, ASML, KLA-Tencor, UDC Homes Inc., Teradyne, Entegris analyst commentary  »

Citi takes Applied…

AMAT

Applied Materials

$39.62

0.22 (0.56%)

ASML

ASML

$188.37

-3.09 (-1.61%)

KLAC

KLA-Tencor

$104.51

0.6 (0.58%)

UDC

UDC Homes Inc.

$0.00

(0.00%)

TER

Teradyne

$38.21

0.43 (1.14%)

ENTG

Entegris

$30.00

0.4 (1.35%)

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07:24
09/24/18
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General news
Futures lower as new tariffs go into effect »

Stock futures are…

APD

Air Products

$170.55

0.145 (0.09%)

07:23
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Initiation
Air Products initiated  »

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