The Goldman Sachs Group, Inc. restated their neutral rating on shares of Kroger Company (The) (NYSE:KR) in a research note issued to investors on Tuesday, Marketbeat reports. They currently have a $22.00 target price on the stock.

Several other research firms have also recently issued reports on KR. BidaskClub raised Kroger Company (The) from a sell rating to a hold rating in a report on Monday, July 31st. Vetr raised Kroger Company (The) from a buy rating to a strong-buy rating and set a $27.01 price target on the stock in a report on Wednesday, August 9th. Stephens began coverage on Kroger Company (The) in a report on Friday, August 11th. They issued an underweight rating and a $20.00 price target on the stock. Royal Bank Of Canada set a $34.00 price target on Kroger Company (The) and gave the company a buy rating in a report on Tuesday, July 18th. Finally, UBS AG cut Kroger Company (The) from an outperform rating to a market perform rating in a report on Friday, September 8th. Nineteen equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of Hold and a consensus target price of $29.10.

Kroger Company (NYSE:KR) traded up $1.13 during midday trading on Tuesday, hitting $23.41. The company’s stock had a trading volume of 19,582,346 shares, compared to its average volume of 12,111,456. The company has a market capitalization of $19,820.00, a PE ratio of 11.53, a P/E/G ratio of 1.70 and a beta of 0.83. Kroger Company has a 52 week low of $19.69 and a 52 week high of $36.44. The company has a debt-to-equity ratio of 2.13, a current ratio of 0.87 and a quick ratio of 0.33.

Kroger Company (The) (NYSE:KR) last posted its quarterly earnings results on Friday, September 8th. The company reported $0.39 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.39. The company had revenue of $27.60 billion for the quarter, compared to analysts’ expectations of $27.48 billion. Kroger Company (The) had a return on equity of 28.04% and a net margin of 1.32%. The firm’s revenue was up 3.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.47 earnings per share. sell-side analysts predict that Kroger Company will post 2 earnings per share for the current year.

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The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Wednesday, November 15th will be issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 2.14%. The ex-dividend date is Tuesday, November 14th. Kroger Company (The)’s dividend payout ratio is presently 30.30%.

A number of large investors have recently modified their holdings of KR. NN Investment Partners Holdings N.V. boosted its holdings in Kroger Company (The) by 40.4% in the second quarter. NN Investment Partners Holdings N.V. now owns 44,222 shares of the company’s stock worth $1,031,000 after purchasing an additional 12,719 shares in the last quarter. Fisher Asset Management LLC boosted its holdings in Kroger Company (The) by 1.0% during the second quarter. Fisher Asset Management LLC now owns 214,609 shares of the company’s stock valued at $5,005,000 after acquiring an additional 2,111 shares during the period. Eqis Capital Management Inc. bought a new stake in Kroger Company (The) during the second quarter valued at about $209,000. Exane Derivatives boosted its holdings in Kroger Company (The) by 352,600.0% during the second quarter. Exane Derivatives now owns 14,108 shares of the company’s stock valued at $329,000 after acquiring an additional 14,104 shares during the period. Finally, CWM LLC boosted its holdings in Kroger Company (The) by 1,162.2% during the second quarter. CWM LLC now owns 5,213 shares of the company’s stock valued at $122,000 after acquiring an additional 4,800 shares during the period. Hedge funds and other institutional investors own 75.06% of the company’s stock.

About Kroger Company (The)

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.

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

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