Kroger Co (NYSE:KR) Director Jorge P. Montoya sold 10,000 shares of the firm’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $26.98, for a total value of $269,800.00. Following the completion of the sale, the director now directly owns 108,910 shares in the company, valued at $2,938,391.80. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.
Shares of Kroger Co (NYSE KR) opened at $26.45 on Friday. The stock has a market capitalization of $23,312.03, a price-to-earnings ratio of 13.63, a PEG ratio of 3.52 and a beta of 0.92. The company has a current ratio of 0.85, a quick ratio of 0.31 and a debt-to-equity ratio of 2.11. Kroger Co has a 52-week low of $19.69 and a 52-week high of $36.44.
Kroger (NYSE:KR) last posted its quarterly earnings results on Thursday, November 30th. The company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.04. The firm had revenue of $27.75 billion for the quarter, compared to analyst estimates of $27.48 billion. Kroger had a return on equity of 28.60% and a net margin of 1.31%. Kroger’s quarterly revenue was up 4.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.41 earnings per share. research analysts anticipate that Kroger Co will post 2.01 EPS for the current fiscal year.
Several equities analysts have recently weighed in on KR shares. Royal Bank of Canada set a $34.00 price objective on Kroger and gave the company a “buy” rating in a research note on Monday, August 28th. Zacks Investment Research lowered Kroger from a “hold” rating to a “sell” rating in a research report on Tuesday, August 29th. Oppenheimer downgraded Kroger to a “market perform” rating and dropped their price objective for the stock from $28.00 to $23.00 in a report on Friday, September 8th. Pivotal Research set a $30.00 price objective on Kroger and gave the stock a “buy” rating in a report on Saturday, December 2nd. Finally, Jefferies Group reiterated a “hold” rating on shares of Kroger in a report on Friday, August 25th. Seventeen equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. Kroger presently has a consensus rating of “Hold” and a consensus price target of $28.93.
A number of hedge funds have recently modified their holdings of the business. Parametric Portfolio Associates LLC increased its position in Kroger by 19.6% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 5,145,254 shares of the company’s stock worth $103,214,000 after purchasing an additional 843,047 shares during the last quarter. Greenlight Capital Inc. bought a new stake in shares of Kroger during the 3rd quarter worth about $7,268,000. GSA Capital Partners LLP bought a new stake in shares of Kroger during the 3rd quarter worth about $278,000. Truepoint Inc. boosted its stake in shares of Kroger by 1,906.0% during the 3rd quarter. Truepoint Inc. now owns 475,262 shares of the company’s stock worth $475,000 after acquiring an additional 451,570 shares in the last quarter. Finally, Gyroscope Capital Management Group LLC bought a new stake in shares of Kroger during the 3rd quarter worth about $234,000. 79.10% of the stock is currently owned by institutional investors.
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Kroger Company Profile
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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