Kroger Co. (KR) Downgraded by Vetr Inc.
Kroger Co. (NYSE:KR) was downgraded by research analysts at Vetr from a “strong-buy” rating to a “buy” rating in a report issued on Tuesday. They presently have a $33.25 price target on the stock. Vetr‘s target price indicates a potential upside of 10.43% from the stock’s previous close.
A number of other analysts have also recently commented on KR. BMO Capital Markets set a $35.00 price target on shares of Kroger and gave the company a “hold” rating in a research report on Sunday, September 11th. Jefferies Group set a $32.00 price objective on shares of Kroger and gave the company a “hold” rating in a report on Saturday, October 1st. Telsey Advisory Group dropped their price objective on shares of Kroger from $46.00 to $40.00 and set an “outperform” rating on the stock in a report on Monday, September 12th. Citigroup Inc. dropped their price objective on shares of Kroger from $43.00 to $39.00 and set a “buy” rating on the stock in a report on Tuesday, September 13th. Finally, RBC Capital Markets reiterated a “sector perform” rating and set a $37.00 price objective on shares of Kroger in a report on Friday, September 16th. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Kroger has an average rating of “Hold” and an average price target of $38.93.
Kroger (NYSE:KR) traded up 3.65% during trading on Tuesday, reaching $30.11. The company had a trading volume of 17,782,839 shares. The company has a market capitalization of $28.43 billion, a price-to-earnings ratio of 14.28 and a beta of 0.70. The company has a 50-day moving average price of $30.88 and a 200 day moving average price of $34.45. Kroger has a one year low of $28.71 and a one year high of $42.75.
Kroger (NYSE:KR) last issued its quarterly earnings results on Friday, September 9th. The company reported $0.47 EPS for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.02. The business had revenue of $26.60 billion for the quarter. Kroger had a net margin of 1.82% and a return on equity of 32.52%. The business’s revenue was up 4.0% compared to the same quarter last year. During the same period last year, the company posted $0.44 EPS. Analysts expect that Kroger will post $2.14 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Tuesday, November 15th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.59%. The ex-dividend date is Thursday, November 10th. Kroger’s payout ratio is 22.86%.
In other Kroger news, insider Kevin M. Dougherty sold 31,000 shares of the firm’s stock in a transaction on Thursday, September 15th. The shares were sold at an average price of $31.05, for a total value of $962,550.00. Following the completion of the transaction, the insider now directly owns 130,857 shares of the company’s stock, valued at approximately $4,063,109.85. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.85% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in KR. Euclid Advisors LLC increased its position in shares of Kroger by 40.3% in the first quarter. Euclid Advisors LLC now owns 739,729 shares of the company’s stock valued at $28,295,000 after buying an additional 212,459 shares during the last quarter. Wellington Management Group LLP boosted its stake in Kroger by 8.7% in the first quarter. Wellington Management Group LLP now owns 1,559,304 shares of the company’s stock valued at $59,643,000 after buying an additional 124,390 shares during the period. Capital Advisors Inc. OK boosted its stake in Kroger by 5.8% in the second quarter. Capital Advisors Inc. OK now owns 10,500 shares of the company’s stock valued at $386,000 after buying an additional 580 shares during the period. CrestPoint Capital Management LLC boosted its stake in Kroger by 4.6% in the second quarter. CrestPoint Capital Management LLC now owns 25,100 shares of the company’s stock valued at $923,000 after buying an additional 1,100 shares during the period. Finally, Lincoln National Corp bought a new stake in Kroger during the second quarter valued at $211,000. 80.16% of the stock is owned by hedge funds and other institutional investors.
The Kroger Co (Kroger) operates retail food and drug stores, multi-department stores, jewelry stores and convenience stores across the United States. The Company also manufactures and processes food for sale in its supermarkets. It operates through retail operations segment. The Company operates, either directly or through its subsidiaries, approximately 2,778 retail food stores under a range of local banner names, approximately 1,387 of which have fuel centers.
To view Vetr’s full report, visit Vetr’s official website.
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