Kroger Company (The) (NYSE:KR) was downgraded by stock analysts at Goldman Sachs Group, Inc. (The) from a “buy” rating to a “neutral” rating in a research report issued on Friday, Marketbeat.com reports. They currently have a $26.00 price objective on the stock, down from their prior price objective of $33.00. Goldman Sachs Group, Inc. (The)’s price objective points to a potential upside of 14.84% from the company’s previous close.

Several other equities analysts have also commented on KR. Zacks Investment Research raised Kroger Company (The) from a “sell” rating to a “hold” rating in a research note on Monday, February 20th. Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and issued a $38.00 price target (up previously from $36.00) on shares of Kroger Company (The) in a research note on Wednesday, February 22nd. Guggenheim reaffirmed a “buy” rating and issued a $40.00 price target on shares of Kroger Company (The) in a research note on Tuesday, February 28th. Barclays PLC reaffirmed an “equal weight” rating and issued a $33.00 price target on shares of Kroger Company (The) in a research note on Tuesday, February 28th. Finally, Vetr lowered Kroger Company (The) from a “strong-buy” rating to a “buy” rating and set a $34.57 price target on the stock. in a research note on Wednesday, March 1st. One equities research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and ten have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $31.52.

Analyst Recommendations for Kroger Company (The) (NYSE:KR)

Shares of Kroger Company (NYSE KR) opened at 22.64 on Friday. The stock’s 50 day moving average price is $29.01 and its 200 day moving average price is $31.29. Kroger Company has a 52-week low of $20.46 and a 52-week high of $37.97. The company has a market capitalization of $20.70 billion, a P/E ratio of 11.04 and a beta of 0.73.

Kroger Company (The) (NYSE:KR) last issued its earnings results on Thursday, June 15th. The company reported $0.58 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.58. The company had revenue of $36.29 billion during the quarter, compared to analysts’ expectations of $35.69 billion. Kroger Company (The) had a return on equity of 29.10% and a net margin of 1.35%. The firm’s quarterly revenue was up 4.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.70 EPS. On average, equities research analysts forecast that Kroger Company will post $1.99 earnings per share for the current fiscal year.

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In other news, insider Michael Joseph Donnelly sold 17,600 shares of the stock in a transaction dated Wednesday, May 10th. The stock was sold at an average price of $30.01, for a total value of $528,176.00. Following the transaction, the insider now owns 249,208 shares in the company, valued at approximately $7,478,732.08. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Oflen Mary Elizabeth Van sold 8,000 shares of the stock in a transaction dated Friday, April 21st. The shares were sold at an average price of $30.04, for a total value of $240,320.00. Following the completion of the transaction, the vice president now owns 65,564 shares in the company, valued at approximately $1,969,542.56. The disclosure for this sale can be found here. In the last quarter, insiders sold 74,604 shares of company stock worth $2,234,714. Company insiders own 0.87% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Signature Estate & Investment Advisors LLC acquired a new position in Kroger Company (The) during the first quarter worth approximately $102,000. Advantage Investment Management LLC increased its position in Kroger Company (The) by 15.8% in the first quarter. Advantage Investment Management LLC now owns 3,682 shares of the company’s stock worth $109,000 after buying an additional 502 shares during the last quarter. YorkBridge Wealth Partners LLC increased its position in Kroger Company (The) by 4.1% in the first quarter. YorkBridge Wealth Partners LLC now owns 4,323 shares of the company’s stock worth $125,000 after buying an additional 171 shares during the last quarter. Baldwin Brothers Inc. MA increased its position in Kroger Company (The) by 23.4% in the first quarter. Baldwin Brothers Inc. MA now owns 5,000 shares of the company’s stock worth $147,000 after buying an additional 948 shares during the last quarter. Finally, Global X Management Co. LLC increased its position in Kroger Company (The) by 28.1% in the first quarter. Global X Management Co. LLC now owns 6,546 shares of the company’s stock worth $193,000 after buying an additional 1,434 shares during the last quarter. Institutional investors and hedge funds own 77.89% of the company’s stock.

Kroger Company (The) 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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