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Gabelli Comments on Safeway Morning Highlights
Monday, March 21, 2011 - 8:31am | 149In a report published by Gabelli, Safeway's (NYSE: SWY) annual investor conference on March 8th in Pleasanton, CA recapped another difficult year for food retailing. Gabelli said that the company plans to continue passing its rising costs to consumers, and believes competitors will do the same,...
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SuperValu Higher After Weekend Barron's Article (SVU)
Monday, March 21, 2011 - 6:49am | 60Supervalue (NYSE: SVU) is trading higher today versus Friday's close after a Barron's article featured the company over the weekend. The article highlighted the corporate turnaround story in Supervalu and argued that Supervalu investors "are overlooking several existing strengths in Supervalu's...
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Casey's General Stores Spiking On Phil Goldstein's Appearance On Strategy Session (CASY)
Friday, March 18, 2011 - 11:25am | 128Phil Goldstein who runs Bulldog Investors, an activist fund, disclosed that he is targeting Casey's General Stores (NASDAQ: CASY) to try to push for a buyout of the company, which had previously turned down a $43/per share offer, saying that it substantially undervalued the enterprise. The...
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Bulldog Activist Investor Phillip Goldstein: Casey's Undervalued -CNBC (CASY)
Friday, March 18, 2011 - 11:16am | 32Shares of Casey's (NASDAQ: CASY) are ticking higher after Bulldog activist Investor Phillip Goldstein mentions optimistic outlook for the company on CNBC.
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Goldman Sachs Comments On Safeway (SWY)
Friday, March 11, 2011 - 9:38am | 125Goldman Sachs reviewed its Safeway (NYSE: SWY) Analyst day in a research report. Goldman Sachs has previously given Safeway a $25 price target. In the report, Goldman Sachs states, "SWY's 2011 annual investor meeting confirmed our view that cyclical tailwinds are gaining momentum to power...
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Citi Reiterates Safeway Sell (SWY)
Friday, March 11, 2011 - 9:20am | 120Citi reiterated its Safeway (NYSE: SWY) Sell rating in a research report. In the report, Citi states, " SWY provided 2011 guidance of $1.60 to $1.80 (excluding the adjustments from the impact of a Canadian dividend). In addition to full year EPS guidance, the company also provided full year...
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Goldman Sachs Downgrades Kroger To Neutral From Buy
Friday, March 11, 2011 - 9:14am | 153Goldman Sachs is downgrading Kroger (NYSE: KR) shares to Neutral from Buy. It resumed coverage of KR in December under its tactically attractive sector view as Goldman expected the cyclical tailwinds to trump secular headwinds and power accelerating EPS growth for traditional grocers. KR's Q4 EPS...
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Goldman Downs KR To Neutral
Friday, March 11, 2011 - 6:28am | 53Analysts at Goldman downgrade Kroger Co (NYSE: KR) from “buy” to “neutral.” The target price for KR is set to $25. KR shares gained 0.88% to close at $23.94 yesterday. More Analyst Ratings here
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Kroger Board of Directors Declares Quarterly Dividend Of $0.105
Thursday, March 10, 2011 - 2:36pm | 48The Kroger Co. (NYSE: KR) today announced that its Board of Directors declared a quarterly dividend of 10.5 cents per share to be paid on June 1, 2011, to shareholders of record as of the close of business on May 16, 2011.
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One Side of Market May Tip Hand 03-09-11
Wednesday, March 9, 2011 - 6:06pm | 778Cusick's Corner Timing is everything, but so is patience. For a lot of traders and investors patience is being tested. The critical point at this juncture is not to overreact or over trade. This is easy to type but sometimes not easy to follow. Especially when we see things like today's decent 10...
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Options Brief: The Kroger Co. (KR)
Wednesday, March 9, 2011 - 10:51am | 105Shares of The Kroger Co. (NYSE: KR) are lower on the session by 0.25%, trading at $23.65. Overall call volume is now running at 3.95x the daily average, with 99% of all calls traded being purchases on the offer. 5,030 contracts have traded on the session so far. The Kroger Co. is a retailer in...
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Citi Comments On Day 2 Of Safeway's Investor Conference
Wednesday, March 9, 2011 - 8:52am | 133In a report published Citi, Safeway Inc.'s (NYSE: SWY) ID sales guidance of 1% to 1.5% could prove conservative as it appears to be approximately at par with the company's 1.0% inflation outlook. Citi said that the conservative outlook is not typical of the company. “We expect SWY to drive...
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Morgan Keegan Lowers PT On Casey's General Stores To $46
Wednesday, March 9, 2011 - 7:51am | 31Morgan Keegan has lowered the price target on Casey's General Stores, Inc. (NASDAQ: CASY) from $49 to $46 and maintains its Outperform rating.
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Top 4 Small-Cap Stocks In The Grocery Stores Industry With The Highest ROE (TFM, CASY, RDK, VLGEA)
Wednesday, March 9, 2011 - 2:46am | 152Below are the top small-cap grocery store stocks on the NYSE and the NASDAQ in terms of return on equity. The trailing-twelve-month return on equity at The Fresh Market Inc (NASDAQ: TFM) is 33.33%. TFM's revenue for the same period is $974.21 million. The trailing-twelve-month return on equity at...
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Morgan Keegan Reports Casey's General Stores Maintains Outperform Rating
Tuesday, March 8, 2011 - 8:24am | 152In a report published by Morgan Keegan, Casey's General Stores (NASDAQ: CASY) maintain its Outperform rating. Morgan Keegan said that diluted EPS from continuing ops of $0.36 fell short of its $0.47 estimate, consensus of $0.50 and compared to $0.34 last year. “Earnings were impacted by LIFO...