Kroger (NYSE:KR) has been given a $33.00 price objective by investment analysts at Credit Suisse Group in a report released on Thursday. The firm currently has a “hold” rating on the stock. Credit Suisse Group’s price target suggests a potential upside of 15.47% from the company’s current price.

Other analysts also recently issued research reports about the stock. TheStreet raised shares of Kroger from a “c+” rating to a “b” rating in a research report on Friday, June 29th. Citigroup reissued a “buy” rating and set a $34.00 target price on shares of Kroger in a research report on Tuesday, June 26th. Jefferies Financial Group increased their target price on shares of Kroger from $31.00 to $33.00 and gave the stock a “buy” rating in a research report on Friday, June 22nd. Bank of America raised shares of Kroger from a “neutral” rating to a “buy” rating and increased their target price for the stock from $28.00 to $33.00 in a research report on Thursday, May 17th. Finally, Zacks Investment Research raised shares of Kroger from a “hold” rating to a “buy” rating and set a $31.00 target price for the company in a research report on Monday, July 16th. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and seven have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $30.30.

KR opened at $28.58 on Thursday. The company has a market cap of $25.28 billion, a P/E ratio of 14.01, a price-to-earnings-growth ratio of 2.23 and a beta of 0.94. Kroger has a 1 year low of $19.69 and a 1 year high of $32.74. The company has a debt-to-equity ratio of 1.74, a current ratio of 0.76 and a quick ratio of 0.29.

Kroger (NYSE:KR) last posted its earnings results on Thursday, September 13th. The company reported $0.41 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.03. The firm had revenue of $27.87 billion during the quarter, compared to the consensus estimate of $27.95 billion. Kroger had a net margin of 2.93% and a return on equity of 29.59%. The company’s revenue was up 1.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.39 EPS. analysts expect that Kroger will post 2.12 earnings per share for the current year.

In other Kroger news, VP Carin L. Fike sold 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 3rd. The stock was sold at an average price of $28.76, for a total value of $115,040.00. Following the completion of the transaction, the vice president now owns 29,361 shares in the company, valued at approximately $844,422.36. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Susan J. Kropf sold 13,000 shares of the company’s stock in a transaction that occurred on Thursday, July 19th. The stock was sold at an average price of $28.43, for a total value of $369,590.00. Following the completion of the transaction, the director now owns 101,171 shares of the company’s stock, valued at approximately $2,876,291.53. The disclosure for this sale can be found here. 1.07% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Landaas & Co. WI ADV purchased a new position in shares of Kroger during the 2nd quarter valued at approximately $100,000. CSat Investment Advisory L.P. purchased a new position in shares of Kroger during the 2nd quarter valued at approximately $109,000. Bridgeworth LLC purchased a new position in shares of Kroger during the 2nd quarter valued at approximately $109,000. Creative Financial Designs Inc. ADV boosted its stake in shares of Kroger by 100.2% during the 2nd quarter. Creative Financial Designs Inc. ADV now owns 5,170 shares of the company’s stock valued at $147,000 after buying an additional 2,587 shares during the last quarter. Finally, Kiley Juergens Wealth Management LLC purchased a new position in shares of Kroger during the 2nd quarter valued at approximately $173,000. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Kroger Company Profile

The Kroger Co, together with its subsidiaries, operates as a retailer in the United States. It also manufactures and processes food products for sale in its supermarkets. The company operates supermarkets, multi-department stores, jewelry stores, and convenience stores. Its combination food and drug stores offer natural food and organic sections, pharmacies, general merchandise, pet centers, fresh seafood, and organic produce; multi-department stores provide general merchandise items, such as apparel, home fashion and furnishings, outdoor living, electronics, automotive products, toys, and fine jewelry; and price impact warehouse stores offer grocery, and health and beauty care items, as well as meat, dairy, baked goods, and fresh produce items.

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Analyst Recommendations for Kroger (NYSE:KR)

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