Roth Capital Upgrades Albertsons Companies (NYSE:ACI) to “Buy”

Roth Capital upgraded shares of Albertsons Companies (NYSE:ACI) from a neutral rating to a buy rating in a report issued on Tuesday morning, Zacks.com reports. Roth Capital also issued estimates for Albertsons Companies’ Q1 2025 earnings at $0.68 EPS, Q4 2025 earnings at $0.52 EPS and FY2025 earnings at $2.62 EPS.

ACI has been the subject of a number of other reports. Tigress Financial reaffirmed a buy rating and set a $27.00 price objective on shares of Albertsons Companies in a research report on Friday, January 12th. Evercore ISI reduced their target price on shares of Albertsons Companies from $23.00 to $22.00 and set an in-line rating for the company in a report on Tuesday, April 16th. Royal Bank of Canada lowered their price target on shares of Albertsons Companies from $23.00 to $22.00 and set an outperform rating on the stock in a report on Tuesday. Roth Mkm upgraded Albertsons Companies from a neutral rating to a buy rating and set a $24.00 price objective for the company in a report on Tuesday. Finally, Telsey Advisory Group reiterated a market perform rating and set a $27.25 target price on shares of Albertsons Companies in a research note on Tuesday. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of Moderate Buy and an average price target of $24.45.

Albertsons Companies Trading Up 1.2 %

NYSE ACI opened at $20.14 on Tuesday. Albertsons Companies has a 12 month low of $19.84 and a 12 month high of $23.88. The company has a current ratio of 0.84, a quick ratio of 0.19 and a debt-to-equity ratio of 2.83. The stock has a 50 day moving average of $20.83 and a 200-day moving average of $21.60. The company has a market cap of $11.63 billion, a PE ratio of 9.03, a PEG ratio of 0.95 and a beta of 0.50.

Albertsons Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 10th. Shareholders of record on Friday, April 26th will be given a $0.12 dividend. The ex-dividend date is Thursday, April 25th. This represents a $0.48 annualized dividend and a yield of 2.38%. Albertsons Companies’s dividend payout ratio is presently 21.52%.

Institutional Investors Weigh In On Albertsons Companies

A number of institutional investors have recently added to or reduced their stakes in the business. Norges Bank bought a new stake in Albertsons Companies in the fourth quarter valued at approximately $312,510,000. Vanguard Group Inc. increased its position in shares of Albertsons Companies by 9.8% during the third quarter. Vanguard Group Inc. now owns 33,144,018 shares of the company’s stock worth $754,026,000 after buying an additional 2,950,786 shares during the period. Westchester Capital Management LLC bought a new position in Albertsons Companies during the third quarter worth $64,739,000. Hsbc Holdings PLC boosted its position in Albertsons Companies by 232.2% during the third quarter. Hsbc Holdings PLC now owns 2,485,704 shares of the company’s stock valued at $56,596,000 after acquiring an additional 1,737,466 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in Albertsons Companies by 95.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,230,794 shares of the company’s stock worth $50,751,000 after acquiring an additional 1,092,150 shares during the period. 71.35% of the stock is owned by institutional investors.

About Albertsons Companies

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.