Wolfe Research upgraded shares of Kroger (NYSE:KR) from an underperform rating to a market perform rating in a research report released on Wednesday, December 20th, The Fly reports.
A number of other equities research analysts have also recently commented on the stock. Oppenheimer reaffirmed a hold rating and issued a $26.00 price target on shares of Kroger in a report on Monday, December 4th. Moffett Nathanson assumed coverage on shares of Kroger in a report on Monday, December 4th. They set a buy rating on the stock. Pivotal Research set a $30.00 price target on shares of Kroger and gave the company a buy rating in a research report on Saturday, December 2nd. BMO Capital Markets set a $29.00 price target on shares of Kroger and gave the company a hold rating in a research report on Friday, December 1st. Finally, Telsey Advisory Group boosted their price target on shares of Kroger from $24.00 to $28.00 and gave the company a market perform rating in a research report on Friday, December 1st. Seventeen analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of Hold and an average target price of $29.80.
Kroger (KR) opened at $28.14 on Wednesday. The stock has a market capitalization of $24,800.00, a PE ratio of 16.75, a price-to-earnings-growth ratio of 3.60 and a beta of 0.93. The company has a debt-to-equity ratio of 2.11, a quick ratio of 0.31 and a current ratio of 0.85. Kroger has a 12 month low of $19.69 and a 12 month high of $34.99.
Kroger (NYSE:KR) last posted its earnings results on Thursday, November 30th. The company reported $0.44 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.04. The firm had revenue of $27.75 billion for the quarter, compared to analysts’ expectations of $27.48 billion. Kroger had a net margin of 1.31% and a return on equity of 28.60%. The company’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.41 EPS. equities research analysts expect that Kroger will post 2.03 earnings per share for the current fiscal year.
In other news, Director Jorge P. Montoya sold 10,000 shares of the firm’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of $26.98, for a total transaction of $269,800.00. Following the sale, the director now directly owns 108,910 shares in the company, valued at approximately $2,938,391.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Carin L. Fike sold 1,538 shares of the firm’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $25.61, for a total transaction of $39,388.18. Following the sale, the vice president now owns 25,956 shares in the company, valued at $664,733.16. The disclosure for this sale can be found here. Insiders sold 58,868 shares of company stock worth $1,607,426 in the last 90 days. 0.87% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in KR. IHT Wealth Management LLC grew its stake in shares of Kroger by 122.1% in the 2nd quarter. IHT Wealth Management LLC now owns 2,770 shares of the company’s stock worth $376,000 after buying an additional 1,523 shares in the last quarter. Dupont Capital Management Corp purchased a new position in shares of Kroger in the 2nd quarter worth $105,000. Howe & Rusling Inc. purchased a new position in shares of Kroger during the 3rd quarter worth about $103,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its stake in shares of Kroger by 497.2% during the 2nd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 5,273 shares of the company’s stock worth $129,000 after purchasing an additional 4,390 shares during the period. Finally, Mountain Capital Investment Advisors Inc purchased a new position in shares of Kroger during the 2nd quarter worth about $128,000. Institutional investors own 79.59% of the company’s stock.
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The Kroger Co (Kroger) manufactures and processes food for sale in its supermarkets. The Company operates supermarkets, multi-department stores, jewelry stores and convenience stores throughout the United States. As of January 28, 2017, it had operated approximately 4,000 owned or leased supermarkets, convenience stores, fine jewelry stores, distribution warehouses and food production plants through divisions, subsidiaries or affiliates.
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