Albertsons Companies’ (ACI) “Market Perform” Rating Reaffirmed at Telsey Advisory Group

Telsey Advisory Group reaffirmed their market perform rating on shares of Albertsons Companies (NYSE:ACI) in a report published on Tuesday morning, Benzinga reports. The firm currently has a $27.25 price objective on the stock.

ACI has been the subject of a number of other reports. Evercore ISI dropped their price target on shares of Albertsons Companies from $23.00 to $22.00 and set an in-line rating for the company in a research report on Tuesday, April 16th. Royal Bank of Canada dropped their price target on shares of Albertsons Companies from $23.00 to $22.00 and set an outperform rating for the company in a research report on Tuesday. Tigress Financial reiterated a buy rating and issued a $27.00 price target on shares of Albertsons Companies in a research report on Friday, January 12th. Finally, Roth Mkm upgraded shares of Albertsons Companies from a neutral rating to a buy rating and set a $24.00 target price for the company in a research report on Tuesday. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and an average target price of $24.45.

Albertsons Companies Stock Performance

ACI opened at $20.32 on Tuesday. The firm has a market cap of $11.71 billion, a P/E ratio of 8.68, a PEG ratio of 0.96 and a beta of 0.50. Albertsons Companies has a 1-year low of $19.88 and a 1-year high of $23.88. The company has a 50 day simple moving average of $20.88 and a two-hundred day simple moving average of $21.62. The company has a debt-to-equity ratio of 3.09, a current ratio of 0.85 and a quick ratio of 0.19.

Albertsons Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 10th. Investors of record on Friday, April 26th will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 2.36%. The ex-dividend date of this dividend is Thursday, April 25th. Albertsons Companies’s payout ratio is 20.51%.

Institutional Investors Weigh In On Albertsons Companies

Hedge funds have recently bought and sold shares of the business. Cornerstone Investment Partners LLC purchased a new stake in Albertsons Companies during the fourth quarter valued at $1,023,000. SG Americas Securities LLC lifted its holdings in shares of Albertsons Companies by 1,569.5% in the 4th quarter. SG Americas Securities LLC now owns 267,443 shares of the company’s stock worth $6,151,000 after acquiring an additional 251,424 shares during the last quarter. Schechter Investment Advisors LLC lifted its holdings in shares of Albertsons Companies by 7.1% in the 4th quarter. Schechter Investment Advisors LLC now owns 776,966 shares of the company’s stock worth $17,870,000 after acquiring an additional 51,590 shares during the last quarter. Alpine Associates Management Inc. lifted its holdings in shares of Albertsons Companies by 11.9% in the 3rd quarter. Alpine Associates Management Inc. now owns 4,267,518 shares of the company’s stock worth $97,086,000 after acquiring an additional 454,400 shares during the last quarter. Finally, Dark Forest Capital Management LP lifted its holdings in shares of Albertsons Companies by 466.2% in the 3rd quarter. Dark Forest Capital Management LP now owns 96,926 shares of the company’s stock worth $2,205,000 after acquiring an additional 79,808 shares during the last quarter. Hedge funds and other institutional investors own 71.35% of the company’s stock.

Albertsons Companies Company Profile

Albertsons Companies, Inc, through its subsidiaries, engages in the operation of food and drug stores in the United States. The company's food and drug retail stores offer grocery products, general merchandise, health and beauty care products, pharmacy, fuel, and other items and services. It also manufactures and processes food products for sale in stores.