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KR

Kroger

$28.25

0.7 (2.54%)

, NGVC

Natural Grocers

$8.91

-0.02 (-0.22%)

05:58
12/26/17
12/26
05:58
12/26/17
05:58

Citi ups targets for food retailers on tax reform benefits

To reflect multiple expansion by the group, less promotional activity and increased potential for tax reform benefits, which he thinks can benefit earnings by up to 25% on average, Citi analyst Alvin Concepcion on Friday raised his price targets names in the Food Retailer space. The analyst upped his price target for Buy-rated Kroger (KR) to $33 from $30, for Buy-rated Natural Grocers (NVGC) to $10.50 from $7.50, for Buy-rated Sprouts Farmers Market to $29 from $25 and for Hold-rated Smart & Final Stores (SFS) to $9.50 from $8.50.

KR

Kroger

$28.25

0.7 (2.54%)

NGVC

Natural Grocers

$8.91

-0.02 (-0.22%)

SFM

Sprouts Farmers Market

$24.85

0.07 (0.28%)

SFS

Smart & Final Stores

$8.75

0.15 (1.74%)

  • 08

    Jan

KR Kroger
$28.25

0.7 (2.54%)

12/01/17
BMOC
12/01/17
NO CHANGE
Target $29
BMOC
Market Perform
Kroger price target raised to $29 from $20 at BMO Capital
BMO Capital analyst Kelly Bania raised her price target on Kroger to $29 after a Q3 earnings beat, noting "surprisingly strong" gross margins and significant cost of goods savings from the company's negotiations with vendors. Bania also points to tail winds from strong gas margins and says "cyclical deflation pressures" for the industry are in the past. The analyst keeps her Market Perform rating on Kroger, adding there is potential for comps to stabilize/improve modestly in the coming quarters.
12/04/17
MOFT
12/04/17
INITIATION
MOFT
Buy
Kroger initiated with a Buy at MoffettNathanson
12/07/17
UBSW
12/07/17
NO CHANGE
UBSW
U.S. consumer food forecasts need to be reduced, says UBS
UBS analyst Steven Strycula noted bearish sentiment across U.S. foods has intensified since spring as volumes remain weak among increased competition. He believes Street estimates are too optimistic despite the prospects of tax reform, citing competition, limited vendor pricing amid food cost inflation, rising supply chains costs, and private label substitution risk. Strycula noted shelf space gains are slowing and any increased shelf space has not translated into volume growth. Names in the space include Pinnacle Foods (PF), Nomad Foods (NOMD) and Mondelez (MDLZ).
12/20/17
WOLF
12/20/17
UPGRADE
WOLF
Peer Perform
Kroger upgraded to Peer Perform from Underperform at Wolfe Research
NGVC Natural Grocers
$8.91

-0.02 (-0.22%)

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.
08/25/17
RHCO
08/25/17
NO CHANGE
RHCO
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.
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.
SFM Sprouts Farmers Market
$24.85

0.07 (0.28%)

11/15/17
KEYB
11/15/17
NO CHANGE
KEYB
KeyBanc not surprised by more price cuts at Whole Foods
This morning's announcement marked the third significant wave of price reductions at Amazon's (AMZN) Whole Foods, and importantly, items now incorporate select packaged goods, KeyBanc analyst Edward Yruma tells investors in a research note. The analyst is not surprised at the reduced prices for turkey items heading into the holidays. Following Amazon's announcement, shares of Kroger (KR) are down 20c to $21.82 while Sprouts Farmers Market (SFM) is down 24c to $20.35.
11/20/17
NRCS
11/20/17
UPGRADE
NRCS
Buy
Sprouts Farmers Market upgraded to Buy from Neutral at Northcoast
11/16/17
OPCO
11/16/17
NO CHANGE
OPCO
Whole Foods price cuts with no meaningful impact on grocers, says Oppenheimer
Commenting on Amazon's (AMZN) latest round of price cuts at Whole Foods, Oppenheimer analyst Rupesh Parikh says he does not believe the reductions to date have had any meaningful impact on publicly traded grocers such as Kroger (KR), Sprouts Farmers Market (SFM), and Wal-Mart (WMT), but continues to watch developments closely. Negative headlines and uncertainty related to the price cuts likely continue to weigh on the multiples of pure-play grocery players for now, he adds. Wal-Mart and Sprouts Farmers Market remain his top grocery picks.
11/14/17
GSCO
11/14/17
INITIATION
Target $18
GSCO
Sell
Sprouts Farmers Market assumed with a Sell at Goldman Sachs
Goldman analyst Christopher Prykull assumed coverage on Sprouts Farmers Market with a Sell and $18 price target saying shares are trading at a premium to both food and square footage growth peers. The analyst expects gross margins to be pressured by unsustainable non-perishable pricing, particularly as competition becomes more competitive and notes costs are moving higher in terms of labor costs and online investments.
SFS Smart & Final Stores
$8.75

0.15 (1.74%)

05/15/17
LOOP
05/15/17
INITIATION
Target $17
LOOP
Buy
Smart & Final Stores initiated with a Buy at Loop Capital
Loop Capital analyst Andrew Wolf started Smart & Final Stores with a Buy rating and $17 price target. After a challenging 2016, the analyst sees a "solid sales and earnings growth recovery going forward."
12/05/17
JPMS
12/05/17
INITIATION
Target $9
JPMS
Neutral
Smart & Final Stores initiated with a Neutral at JPMorgan
JPMorgan analyst Thomas Palmer started Smart & Final Stores with a Neutral rating and $9 price target. The analyst believes the Haggen stores acquisition fundamentally increased Smart & Final's cost structure and that growing competition in California is likely to weigh on sales growth.
06/19/17
RBCM
06/19/17
NO CHANGE
RBCM
Food retailers, distributors weakness overdone, says RBC Capital
RBC Capital analyst Bill Kirk says that the weakness in food retailers and distributors in reaction to Amazon's (AMZN) acquisition of Whole Foods (WFM) was overdone. The analyst says he doesn't expect Amazon to "drastically change" the prices in Whole Foods' physical stores. Instead, he expects it to exploit the company's brand through Prime and its "high-population density real estate." Other food retailers include Sprouts Farmers Market (SFM) and Kroger (KR), while Smart & Final Stores (SFS) and Supervalu (SVU) are food distributors.
11/03/17
WELS
11/03/17
INITIATION
Target $9
WELS
Outperform
Smart & Final Stores initiated with an Outperform at Wells Fargo
Wells Fargo analyst Edward Kelly started Smart & Final Stores with an Outperform rating and $9 price target. The analyst believes the recent share selloff provides an attractive opportunity.

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$48.38

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$60.77

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ST

Sensata

$52.58

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ST

Sensata

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ELLI

Ellie Mae

$104.16

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FB

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$184.48

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BA

Boeing

$363.95

12.71 (3.62%)

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ESLOY

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$0.00

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MU

Micron

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GSM

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$11.35

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AVA

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DEST

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ARWR

Arrowhead

$9.78

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JHX

James Hardie

$17.32

(0.00%)

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WST

West Pharmaceutical

$90.13

0.88 (0.99%)

18:27
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SSRM

SSR Mining

$10.30

0.02 (0.19%)

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  • 23

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PDCE

PDC Energy

$65.33

1.57 (2.46%)

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  • 19

    Aug

GSM

Ferroglobe

$11.35

0.36 (3.28%)

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