BMO Capital Markets Analysts Give Kroger (KR) a $27.00 Price Target
Kroger (NYSE:KR) received a $27.00 price objective from investment analysts at BMO Capital Markets in a research report issued on Monday, Marketbeat Ratings reports. The firm presently has a “hold” rating on the stock. BMO Capital Markets’ target price points to a potential upside of 12.45% from the company’s current price.
KR has been the topic of a number of other research reports. Sanford C. Bernstein began coverage on shares of Kroger in a research report on Friday, March 9th. They set a “market perform” rating and a $27.00 price target on the stock. Pivotal Research reaffirmed a “buy” rating and set a $28.00 price target (down previously from $32.00) on shares of Kroger in a research report on Tuesday, March 6th. Goldman Sachs Group reaffirmed a “neutral” rating and set a $22.00 price target on shares of Kroger in a research report on Tuesday, November 14th. Moffett Nathanson began coverage on shares of Kroger in a research report on Monday, December 4th. They set a “buy” rating on the stock. Finally, Royal Bank of Canada set a $36.00 price target on shares of Kroger and gave the company a “buy” rating in a research report on Friday, March 9th. Sixteen analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $27.27.
Shares of Kroger (KR) opened at $24.01 on Monday. The company has a current ratio of 0.78, a quick ratio of 0.32 and a debt-to-equity ratio of 1.74. The company has a market cap of $21,160.00, a price-to-earnings ratio of 14.29, a price-to-earnings-growth ratio of 3.90 and a beta of 1.04. Kroger has a 1 year low of $19.69 and a 1 year high of $31.45.
In related news, VP Michael Joseph Donnelly sold 40,000 shares of the company’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $30.64, for a total value of $1,225,600.00. Following the sale, the vice president now owns 319,124 shares in the company, valued at approximately $9,777,959.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Todd A. Foley sold 3,800 shares of the company’s stock in a transaction dated Thursday, March 8th. The stock was sold at an average price of $24.43, for a total transaction of $92,834.00. Following the completion of the sale, the vice president now owns 31,273 shares in the company, valued at approximately $763,999.39. The disclosure for this sale can be found here. Insiders sold a total of 110,130 shares of company stock worth $3,187,062 in the last 90 days. 0.87% of the stock is currently owned by company insiders.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Advisory Services Network LLC increased its stake in Kroger by 297.2% in the 4th quarter. Advisory Services Network LLC now owns 3,773 shares of the company’s stock valued at $104,000 after buying an additional 2,823 shares during the last quarter. Compagnie Lombard Odier SCmA purchased a new stake in Kroger in the 4th quarter valued at about $119,000. Bessemer Group Inc. increased its stake in Kroger by 97.2% in the 4th quarter. Bessemer Group Inc. now owns 4,980 shares of the company’s stock valued at $136,000 after buying an additional 2,455 shares during the last quarter. Gradient Investments LLC purchased a new stake in Kroger in the 4th quarter valued at about $152,000. Finally, SeaCrest Wealth Management LLC purchased a new stake in Kroger in the 4th quarter valued at about $162,000. Institutional investors own 75.78% of the company’s stock.
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Kroger 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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