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.

How to Become a New Pot Stock Millionaire

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.

Kroger (NYSE:KR) last issued its quarterly earnings results on Thursday, March 8th. The company reported $0.63 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.63. The business had revenue of $31.03 billion for the quarter, compared to analysts’ expectations of $30.81 billion. Kroger had a net margin of 1.55% and a return on equity of 29.27%. The business’s quarterly revenue was up 12.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.53 earnings per share. equities research analysts expect that Kroger will post 2.06 EPS for the current fiscal year.

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.

WARNING: This report was posted by Daily Political and is the property of of Daily Political. If you are viewing this report on another website, it was stolen and republished in violation of international copyright and trademark legislation. The correct version of this report can be accessed at https://www.dailypolitical.com/2018/03/14/bmo-capital-markets-analysts-give-kroger-kr-a-27-00-price-target.html.

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.

Analyst Recommendations for Kroger (NYSE:KR)

Receive News & Ratings for Kroger Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kroger and related companies with MarketBeat.com's FREE daily email newsletter.