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Recommendations
JPMorgan sees 'sizable' potential EPS accretion if Albertsons sold real estate » 09:16
06/23/22
06/23
09:16
06/23/22
09:16
ACI

Albertsons

$28.39 /

-0.57 (-1.97%)

JPMorgan analyst Ken…

JPMorgan analyst Ken Goldman noted that Albertsons said in an 8-K yesterday afternoon that five pre-IPO holders had agreed to extend their final IPO-related lock-up that was set to expire this Monday to September 10, citing the company's ongoing strategic review as reason for the extension. The 8-K is meaningful for "two primary reasons," namely that it theoretically may indicate that the strategic review was undertaken to address the overhang from selling shareholders and it "seems clearer" that the review is leading toward a specific action or actions that could help improve the stock price. As he has said before, he does not believe that the review's likely end game is a sale of the company, but rather that Albertsons monetizes its real estate assets to help fund a major stock repurchase and the filing bolsters his confidence in this opinion, Goldman tells investors. The analyst, who views the potential EPS accretion from Albertsons selling hard assets as "sizable," keeps an Overweight rating on the shares.

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ACI Albertsons
$28.39 /

-0.57 (-1.97%)

ACI Albertsons
$28.39 /

-0.57 (-1.97%)

06/09/22 Cleveland Research
Albertsons Q1-to-date sales ahead of expectations, says Cleveland Research
04/29/22 Tigress Financial
Albertsons price target raised to $32 from $27 at Tigress Financial
04/13/22 Guggenheim
Albertsons price target raised to $37 from $34 at Guggenheim
04/13/22 RBC Capital
Albertsons price target raised to $37 from $33 at RBC Capital
ACI Albertsons
$28.39 /

-0.57 (-1.97%)

  • 22
    Apr
ACI Albertsons
$28.39 /

-0.57 (-1.97%)

ACI Albertsons
$28.39 /

-0.57 (-1.97%)

Wednesday
Hot Stocks
Albertsons says five largest stockholders extend lock-up agreements » 16:42
06/22/22
06/22
16:42
06/22/22
16:42
ACI

Albertsons

$28.39 /

-0.57 (-1.97%)

In a regulatory filing,…

In a regulatory filing, Albertsons stated: "On February 28, 2022, Albertsons Companies issued a press release in which its Board of Directors announced that it had commenced a Board-led review of potential strategic alternatives aimed at enhancing the Company's growth and maximizing stockholder value. The review would include an assessment of various balance sheet optimization and capital return strategies, potential strategic or financial transactions and development of other strategic initiatives to complement the company's existing businesses, as well as responding to inquiries. In order to support the company in its continuing evaluation of strategic alternatives, on June 21, 2022, entities affiliated with the company's five largest stockholders, Cerberus Capital Management, L.P., Kimco Realty Corporation, Klaff Realty, L.P., Lubert-Adler Partners and Jubilee Limited Partnership, who are each party to the lock-up agreement dated June 25, 2020, entered into an agreement, pursuant to which each Sponsor agreed to restrictions on its ability to sell or transfer shares of the company's Class A Common Stock that it owns beyond the expiration of the 2020 Lock-Up Agreement through September 10, 2022, the end of the Company's second fiscal quarter. The Extended Lock-Up Agreement supersedes the 2020 Lock-Up Agreement, which was due to expire on June 30, 2022. Under the terms of the Extended Lock-Up Agreement, each Sponsor agrees during the Extended Lock-Up Period, subject to certain exceptions set forth in the Extended Lock-Up Agreement, to not offer, sell, transfer, contract to sell, pledge or otherwise dispose of any shares of Common Stock that the Sponsor directly or beneficially owns as of the Effective Date. The Sponsors beneficially own, in the aggregate, 366,043,040 shares of Common Stock as of the Effective Date or approximately 87% of the shares that were subject to the 2020 Lock-Up Agreement."

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ACI Albertsons
$28.39 /

-0.57 (-1.97%)

ACI Albertsons
$28.39 /

-0.57 (-1.97%)

06/09/22 Cleveland Research
Albertsons Q1-to-date sales ahead of expectations, says Cleveland Research
04/29/22 Tigress Financial
Albertsons price target raised to $32 from $27 at Tigress Financial
04/13/22 Guggenheim
Albertsons price target raised to $37 from $34 at Guggenheim
04/13/22 RBC Capital
Albertsons price target raised to $37 from $33 at RBC Capital
ACI Albertsons
$28.39 /

-0.57 (-1.97%)

  • 22
    Apr
ACI Albertsons
$28.39 /

-0.57 (-1.97%)

ACI Albertsons
$28.39 /

-0.57 (-1.97%)

Tuesday
Hot Stocks
Trade Desk announces retail media partnership with Albertsons Media Collective » 05:05
06/21/22
06/21
05:05
06/21/22
05:05
TTD

Trade Desk

$46.34 /

+2.115 (+4.78%)

, ACI

Albertsons

$27.37 /

-0.705 (-2.51%)

Trade Desk (TTD)…

Trade Desk (TTD) announced a partnership with Albertsons Media Collective, the retail media arm for Albertsons (ACI), that will bring verified-buyer audience and measurement solutions to The Trade Desk platform, helping advertisers understand the connection between ad campaigns and customer sales. Albertsons will be the first grocer in the U.S. to enable audience and measurement solutions across the open internet through The Trade Desk. With more than 2,275 stores across the U.S., Albertsons Media Collective will provide advertisers with insights and metrics across audience data to help them optimize their campaigns that close the loop between advertising spend and sales.

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TTD Trade Desk
$46.34 /

+2.115 (+4.78%)

ACI Albertsons
$27.37 /

-0.705 (-2.51%)

TTD Trade Desk
$46.34 /

+2.115 (+4.78%)

06/16/22 KeyBanc
KeyBanc sees 50% probability of Alphabet making concessions on AdTech to the EU
06/14/22 DA Davidson
Google's potential remedy in EU 'positive' for Trade Desk, says DA Davidson
05/26/22 RBC Capital
Trade Desk guidance news should be 'a positive for sentiment,' says RBC Capital
05/24/22 KeyBanc
Snap price target lowered to $27 from $45 at KeyBanc
ACI Albertsons
$27.37 /

-0.705 (-2.51%)

06/09/22 Cleveland Research
Albertsons Q1-to-date sales ahead of expectations, says Cleveland Research
04/29/22 Tigress Financial
Albertsons price target raised to $32 from $27 at Tigress Financial
04/13/22 Guggenheim
Albertsons price target raised to $37 from $34 at Guggenheim
04/13/22 RBC Capital
Albertsons price target raised to $37 from $33 at RBC Capital
TTD Trade Desk
$46.34 /

+2.115 (+4.78%)

ACI Albertsons
$27.37 /

-0.705 (-2.51%)

  • 22
    Apr
ACI Albertsons
$27.37 /

-0.705 (-2.51%)

TTD Trade Desk
$46.34 /

+2.115 (+4.78%)

ACI Albertsons
$27.37 /

-0.705 (-2.51%)

TTD Trade Desk
$46.34 /

+2.115 (+4.78%)

Over a week ago
Recommendations
Albertsons Q1-to-date sales ahead of expectations, says Cleveland Research » 09:37
06/09/22
06/09
09:37
06/09/22
09:37
ACI

Albertsons

$29.20 /

-1.1 (-3.63%)

Cleveland Research said…

Cleveland Research said in a note to investors that its checks indicate that Albertsons' Q1-to-date sales appear to be tracking ahead of channel expectations and that its market share trends seem to be holding up better than food retail peers.

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ACI Albertsons
$29.20 /

-1.1 (-3.63%)

ACI Albertsons
$29.20 /

-1.1 (-3.63%)

04/29/22 Tigress Financial
Albertsons price target raised to $32 from $27 at Tigress Financial
04/13/22 Guggenheim
Albertsons price target raised to $37 from $34 at Guggenheim
04/13/22 RBC Capital
Albertsons price target raised to $37 from $33 at RBC Capital
04/11/22 UBS
Albertsons price target raised to $37 from $31 at UBS
ACI Albertsons
$29.20 /

-1.1 (-3.63%)

  • 22
    Apr
ACI Albertsons
$29.20 /

-1.1 (-3.63%)

ACI Albertsons
$29.20 /

-1.1 (-3.63%)

Over a month ago
Periodicals
Albertsons speculated by Dealreporter as Jana's possible 'mystery target' » 09:34
05/24/22
05/24
09:34
05/24/22
09:34
ACI

Albertsons

$28.28 /

+0.77 (+2.80%)

Noting that Jana…

Noting that Jana Partners' Q1 13F filed with the SEC last week contained confidential treatment for an undisclosed position, Dealreporter highlighted "some increased trading activity" at Albertsons and questioned if the grocer could be "the latest mystery target" of the activist firm, contacts tell The Fly. "Given the 1Q22 announcement of exploring strategic alternatives, we wonder if that decision came about thanks to a friendly nudge from JANA," the M&A-focused publication added, according to contacts.

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ACI Albertsons
$28.28 /

+0.77 (+2.80%)

ACI Albertsons
$28.28 /

+0.77 (+2.80%)

04/29/22 Tigress Financial
Albertsons price target raised to $32 from $27 at Tigress Financial
04/13/22 Guggenheim
Albertsons price target raised to $37 from $34 at Guggenheim
04/13/22 RBC Capital
Albertsons price target raised to $37 from $33 at RBC Capital
04/11/22 UBS
Albertsons price target raised to $37 from $31 at UBS
ACI Albertsons
$28.28 /

+0.77 (+2.80%)

  • 22
    Apr
ACI Albertsons
$28.28 /

+0.77 (+2.80%)

ACI Albertsons
$28.28 /

+0.77 (+2.80%)

ACI Albertsons
$28.28 /

+0.77 (+2.80%)

Hot Stocks
Albertsons voluntarily recalls select ReadyMeals and deli-prepared items » 15:56
05/22/22
05/22
15:56
05/22/22
15:56
ACI

Albertsons

$27.51 /

+0.42 (+1.55%)

Albertsons, in…

Albertsons, in cooperation with its supplier Smithfield Packaged Meats, has voluntarily recalled seven ReadyMeals and deli-prepared products that contain a bacon topping due to possible contamination with metal pieces. The select ReadyMeals and deli-prepared items were available for purchase under the following store banners and locations: Albertsons, Safeway and Lucky located only in Colorado, Idaho, Montana, Nevada, North Dakota, Oregon, Utah, and Wyoming.

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ACI Albertsons
$27.51 /

+0.42 (+1.55%)

ACI Albertsons
$27.51 /

+0.42 (+1.55%)

04/29/22 Tigress Financial
Albertsons price target raised to $32 from $27 at Tigress Financial
04/13/22 Guggenheim
Albertsons price target raised to $37 from $34 at Guggenheim
04/13/22 RBC Capital
Albertsons price target raised to $37 from $33 at RBC Capital
04/11/22 UBS
Albertsons price target raised to $37 from $31 at UBS
ACI Albertsons
$27.51 /

+0.42 (+1.55%)

  • 22
    Apr
ACI Albertsons
$27.51 /

+0.42 (+1.55%)

ACI Albertsons
$27.51 /

+0.42 (+1.55%)

ACI Albertsons
$27.51 /

+0.42 (+1.55%)

Hot Stocks
Uber, Albertsons expand partnership » 09:06
05/03/22
05/03
09:06
05/03/22
09:06
UBER

Uber

$30.38 /

-1.07 (-3.40%)

, ACI

Albertsons

$30.95 /

-0.305 (-0.98%)

Uber Technologies (UBER)…

Uber Technologies (UBER) and Albertsons (ACI) announced the expansion of their partnership to include more than 2,000 of the grocer's banner stores nationwide, including Albertsons, Safeway, Jewel-Osco, ACME, Tom Thumb, Randalls and more through Uber Eats. This expansion brings nearly 800 new locations to Uber Eats including to consumers in Connecticut, Indiana, New Hampshire, Utah, Vermont, and Rhode Island for the very first time. To enable this growth, Albertsons Cos. stores are more accessible within the Uber Eats app than ever before. Now, in addition to stores being found within Uber Eats' grocery category, consumers can order their favorite items for delivery through 'express' lanes within the convenience section of the app. Uber One members benefit from $0 Delivery Fee on all convenience orders from Albertsons Cos 'express' stores with $15 minimum purchase.

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UBER Uber
$30.38 /

-1.07 (-3.40%)

ACI Albertsons
$30.95 /

-0.305 (-0.98%)

UBER Uber
$30.38 /

-1.07 (-3.40%)

04/25/22 Morgan Stanley
Uber price target lowered to $68 from $72 at Morgan Stanley
04/19/22 Citi
Uber assumed with a Buy at Citi
04/06/22 New Street
Lyft-DoorDash merger 'would be beneficial' for both, says New Street
04/04/22 Mizuho
Mizuho reiterates Uber as top pick after new Washington law
ACI Albertsons
$30.95 /

-0.305 (-0.98%)

04/29/22 Tigress Financial
Albertsons price target raised to $32 from $27 at Tigress Financial
04/13/22 Guggenheim
Albertsons price target raised to $37 from $34 at Guggenheim
04/13/22 RBC Capital
Albertsons price target raised to $37 from $33 at RBC Capital
04/11/22 UBS
Albertsons price target raised to $37 from $31 at UBS
UBER Uber
$30.38 /

-1.07 (-3.40%)

ACI Albertsons
$30.95 /

-0.305 (-0.98%)

  • 22
    Apr
  • 29
    Jul
UBER Uber
$30.38 /

-1.07 (-3.40%)

ACI Albertsons
$30.95 /

-0.305 (-0.98%)

UBER Uber
$30.38 /

-1.07 (-3.40%)

ACI Albertsons
$30.95 /

-0.305 (-0.98%)

UBER Uber
$30.38 /

-1.07 (-3.40%)

ACI Albertsons
$30.95 /

-0.305 (-0.98%)

Recommendations
Albertsons price target raised to $32 from $27 at Tigress Financial » 11:52
04/29/22
04/29
11:52
04/29/22
11:52
ACI

Albertsons

$31.87 /

-0.255 (-0.79%)

Tigress Financial analyst…

Tigress Financial analyst Ivan Feinseth raised the firm's price target on Albertsons to $32 from $27 and keeps a Neutral rating on the shares. The analyst says Albertsons continues to execute on all of its key growth initiatives "extremely well." However, increasing competition, inflationary pressures and further shifting in consumer dining and spending patterns will limit the share price outperformance from current levels, Feinseth tells investors in a research note.

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ACI Albertsons
$31.87 /

-0.255 (-0.79%)

ACI Albertsons
$31.87 /

-0.255 (-0.79%)

04/13/22 Guggenheim
Albertsons price target raised to $37 from $34 at Guggenheim
04/13/22 RBC Capital
Albertsons price target raised to $37 from $33 at RBC Capital
04/11/22 UBS
Albertsons price target raised to $37 from $31 at UBS
04/08/22 Cleveland Research
Albertsons continuing to outperform other grocers, says Cleveland Research
ACI Albertsons
$31.87 /

-0.255 (-0.79%)

  • 22
    Apr
ACI Albertsons
$31.87 /

-0.255 (-0.79%)

ACI Albertsons
$31.87 /

-0.255 (-0.79%)

ACI Albertsons
$31.87 /

-0.255 (-0.79%)

Recommendations
Albertsons price target raised to $37 from $34 at Guggenheim » 09:01
04/13/22
04/13
09:01
04/13/22
09:01
ACI

Albertsons

$31.98 /

-2.8 (-8.05%)

Guggenheim analyst John…

Guggenheim analyst John Heinbockel raised the firm's price target on Albertsons to $37 from $34 and keeps a Buy rating on the shares following the company's Q4 report. Yesterday's 8% selloff stemmed from what he views as the company's "conservative" initial 2022 guidance, as well as the absence of an update on the strategic review begun almost two months ago. However, he sees upside to his near-to-intermediate-term expectations as likely, which he argues should drive outperformance from current levels when combined with "an at least partial resolution of the significant overhang" of the strategic review.

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ACI Albertsons
$31.98 /

-2.8 (-8.05%)

ACI Albertsons
$31.98 /

-2.8 (-8.05%)

04/13/22 RBC Capital
Albertsons price target raised to $37 from $33 at RBC Capital
04/11/22 UBS
Albertsons price target raised to $37 from $31 at UBS
04/08/22 Cleveland Research
Albertsons continuing to outperform other grocers, says Cleveland Research
04/07/22 Deutsche Bank
Albertsons price target raised to $42 from $40 at Deutsche Bank
ACI Albertsons
$31.98 /

-2.8 (-8.05%)

ACI Albertsons
$31.98 /

-2.8 (-8.05%)

ACI Albertsons
$31.98 /

-2.8 (-8.05%)

ACI Albertsons
$31.98 /

-2.8 (-8.05%)

Recommendations
Albertsons price target raised to $37 from $33 at RBC Capital » 06:57
04/13/22
04/13
06:57
04/13/22
06:57
ACI

Albertsons

$31.98 /

-2.8 (-8.05%)

RBC Capital analyst…

RBC Capital analyst Steven Shemesh raised the firm's price target on Albertsons to $37 from $33 and keeps an Outperform rating on the shares. The company posted "solid" Q4 results, and while the "real headwinds" of lapping vaccines along with stepped-up investment levels drove a "muted" FY22 profit outlook, he remains cautiously optimistic that top-line momentum will drive better than expected flow-through for Albertsons, the analyst tells investors in a research note.

ShowHide Related Items >><<
ACI Albertsons
$31.98 /

-2.8 (-8.05%)

ACI Albertsons
$31.98 /

-2.8 (-8.05%)

04/11/22 UBS
Albertsons price target raised to $37 from $31 at UBS
04/08/22 Cleveland Research
Albertsons continuing to outperform other grocers, says Cleveland Research
04/07/22 Deutsche Bank
Albertsons price target raised to $42 from $40 at Deutsche Bank
01/27/22 RBC Capital
Albertsons in early innings of multiple initiatives, says RBC Capital
ACI Albertsons
$31.98 /

-2.8 (-8.05%)

ACI Albertsons
$31.98 /

-2.8 (-8.05%)

ACI Albertsons
$31.98 /

-2.8 (-8.05%)

ACI Albertsons
$31.98 /

-2.8 (-8.05%)

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