Kroger (NYSE:KR) had its target price upped by Citigroup from $30.00 to $33.00 in a research report sent to investors on Tuesday, December 26th, Marketbeat reports. The brokerage currently has a buy rating on the stock.
Several other research analysts also recently weighed in on KR. Royal Bank of Canada set a $34.00 price target on Kroger and gave the company a buy rating in a report on Monday, August 28th. Zacks Investment Research downgraded Kroger from a hold rating to a sell rating in a report on Tuesday, August 29th. Jefferies Group reiterated a hold rating and issued a $24.00 price target (down from $25.00) on shares of Kroger in a report on Thursday, August 31st. Deutsche Bank reiterated a buy rating and issued a $26.00 price target on shares of Kroger in a report on Tuesday, September 5th. Finally, Oppenheimer reiterated a buy rating and issued a $28.00 price target on shares of Kroger in a report on Tuesday, September 5th. Seventeen research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of Hold and an average price target of $29.80.
Shares of Kroger (NYSE:KR) opened at $28.14 on Tuesday. Kroger has a 52 week low of $19.69 and a 52 week high of $34.99. The company has a quick ratio of 0.31, a current ratio of 0.85 and a debt-to-equity ratio of 2.11. The stock has a market capitalization of $24,800.00, a P/E ratio of 16.75, a P/E/G ratio of 3.69 and a beta of 0.93.
Kroger (NYSE:KR) last posted its earnings results on Thursday, November 30th. The company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.04. Kroger had a return on equity of 28.60% and a net margin of 1.31%. The firm had revenue of $27.75 billion for the quarter, compared to analyst estimates of $27.48 billion. During the same quarter in the prior year, the company earned $0.41 EPS. Kroger’s revenue was up 4.5% on a year-over-year basis. equities analysts forecast that Kroger will post 2.04 earnings per share for the current year.
In other Kroger news, VP Carin L. Fike sold 1,538 shares of the company’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $25.61, for a total value of $39,388.18. Following the completion of the transaction, the vice president now directly owns 25,956 shares of the company’s stock, valued at approximately $664,733.16. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Jorge P. Montoya sold 10,000 shares of the company’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $26.98, for a total transaction of $269,800.00. Following the completion of the transaction, the director now directly owns 108,910 shares of the company’s stock, valued at $2,938,391.80. The disclosure for this sale can be found here. Over the last quarter, insiders sold 58,868 shares of company stock valued at $1,607,426. 0.85% of the stock is owned by insiders.
A number of large investors have recently bought and sold shares of KR. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its position in shares of Kroger by 497.2% during the second 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 last quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH lifted its position in shares of Kroger by 66.3% during the third quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 87,411 shares of the company’s stock worth $1,776,000 after purchasing an additional 34,856 shares during the last quarter. Frontier Investment Mgmt Co. lifted its position in shares of Kroger by 107.2% during the second quarter. Frontier Investment Mgmt Co. now owns 50,142 shares of the company’s stock worth $1,169,000 after purchasing an additional 25,940 shares during the last quarter. Toronto Dominion Bank lifted its position in shares of Kroger by 10.0% during the third quarter. Toronto Dominion Bank now owns 347,530 shares of the company’s stock worth $6,971,000 after purchasing an additional 31,561 shares during the last quarter. Finally, AMG National Trust Bank lifted its position in shares of Kroger by 107.3% during the second quarter. AMG National Trust Bank now owns 69,867 shares of the company’s stock worth $1,629,000 after purchasing an additional 36,164 shares during the last quarter. 79.59% of the stock is owned by institutional investors.
TRADEMARK VIOLATION WARNING: This report was originally published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are reading this report on another site, it was illegally stolen and republished in violation of United States and international copyright laws. The original version of this report can be read at https://www.dispatchtribunal.com/2018/01/14/kroger-kr-pt-raised-to-33-00.html.
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.
Receive News & Ratings for Kroger Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kroger and related companies with MarketBeat.com's FREE daily email newsletter.