Shares of Kroger Co (NYSE:KR) have been given an average recommendation of “Buy” by the twenty-two analysts that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and eleven have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $27.68.
KR has been the topic of several research analyst reports. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $29.00 price objective on shares of Kroger in a research note on Friday, December 6th. Deutsche Bank reaffirmed a “hold” rating and issued a $28.00 price objective (up from $27.00) on shares of Kroger in a research note on Friday, December 6th. Credit Suisse Group reaffirmed a “buy” rating and issued a $30.00 price objective on shares of Kroger in a research note on Monday, December 9th. Evercore ISI raised Kroger from an “in-line” rating to an “outperform” rating and set a $33.00 price objective on the stock in a research note on Thursday, December 12th. Finally, TheStreet raised Kroger from a “c+” rating to a “b-” rating in a research note on Friday, January 3rd.
In other Kroger news, SVP Mary Ellen Adcock sold 15,400 shares of the stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $28.00, for a total value of $431,200.00. Following the completion of the transaction, the senior vice president now directly owns 121,085 shares in the company, valued at $3,390,380. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Mark C. Tuffin sold 2,600 shares of the stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $28.44, for a total value of $73,944.00. Following the completion of the transaction, the senior vice president now owns 188,305 shares of the company’s stock, valued at $5,355,394.20. The disclosure for this sale can be found here. 1.34% of the stock is currently owned by company insiders.
A number of institutional investors have recently bought and sold shares of the business. Unison Advisors LLC raised its position in shares of Kroger by 0.7% during the fourth quarter. Unison Advisors LLC now owns 54,417 shares of the company’s stock worth $1,578,000 after acquiring an additional 356 shares during the last quarter. Citizens Financial Group Inc RI raised its position in shares of Kroger by 21.6% during the third quarter. Citizens Financial Group Inc RI now owns 2,323 shares of the company’s stock worth $60,000 after acquiring an additional 413 shares during the last quarter. Delta Asset Management LLC TN raised its position in shares of Kroger by 35.8% during the third quarter. Delta Asset Management LLC TN now owns 1,630 shares of the company’s stock worth $42,000 after acquiring an additional 430 shares during the last quarter. Cedar Wealth Management LLC raised its position in shares of Kroger by 2.0% during the third quarter. Cedar Wealth Management LLC now owns 23,645 shares of the company’s stock worth $610,000 after acquiring an additional 455 shares during the last quarter. Finally, Simmons Bank raised its position in shares of Kroger by 1.7% during the second quarter. Simmons Bank now owns 29,368 shares of the company’s stock worth $638,000 after acquiring an additional 482 shares during the last quarter. Hedge funds and other institutional investors own 79.19% of the company’s stock.
Shares of KR traded up $0.42 during trading hours on Tuesday, hitting $28.84. 6,134,700 shares of the company were exchanged, compared to its average volume of 5,780,700. The company has a market cap of $22.75 billion, a price-to-earnings ratio of 13.67, a P/E/G ratio of 2.45 and a beta of 0.61. Kroger has a fifty-two week low of $20.70 and a fifty-two week high of $29.97. The company has a quick ratio of 0.26, a current ratio of 0.78 and a debt-to-equity ratio of 2.14. The firm’s fifty day moving average is $28.27 and its 200 day moving average is $25.10.
Kroger (NYSE:KR) last released its earnings results on Thursday, December 5th. The company reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.01). The company had revenue of $27.97 billion for the quarter, compared to analyst estimates of $28.18 billion. Kroger had a return on equity of 20.32% and a net margin of 1.31%. The business’s revenue for the quarter was up .5% compared to the same quarter last year. During the same period last year, the company posted $0.48 earnings per share. Analysts anticipate that Kroger will post 2.19 EPS for the current year.
The Kroger Co operates as a retailer in the United States. The company operates supermarkets, multi-department stores, marketplace stores, and price impact warehouse stores. Its combination food and drug stores offer natural food and organic sections, pharmacies, general merchandise, pet centers, fresh seafood, and organic produce; and multi-department stores provide apparel, home fashion and furnishings, outdoor living, electronics, automotive products, and toys.
Further Reading: Buy-Side Analysts
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