The Kroger Co. $KR Stock Position Raised by SteelPeak Wealth LLC

SteelPeak Wealth LLC grew its position in shares of The Kroger Co. (NYSE:KR) by 794.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 52,448 shares of the company’s stock after buying an additional 46,586 shares during the quarter. SteelPeak Wealth LLC’s holdings in Kroger were worth $3,536,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC lifted its position in shares of Kroger by 27.3% during the 4th quarter. Brighton Jones LLC now owns 15,733 shares of the company’s stock worth $962,000 after purchasing an additional 3,373 shares during the last quarter. State of Wyoming lifted its holdings in shares of Kroger by 15.2% during the first quarter. State of Wyoming now owns 1,518 shares of the company’s stock worth $103,000 after buying an additional 200 shares during the last quarter. Aprio Wealth Management LLC bought a new stake in shares of Kroger in the first quarter valued at approximately $263,000. Advisors Asset Management Inc. grew its stake in shares of Kroger by 10.2% in the first quarter. Advisors Asset Management Inc. now owns 9,309 shares of the company’s stock worth $630,000 after acquiring an additional 864 shares during the last quarter. Finally, Alliancebernstein L.P. raised its stake in Kroger by 18.0% during the 1st quarter. Alliancebernstein L.P. now owns 911,621 shares of the company’s stock valued at $61,708,000 after purchasing an additional 139,131 shares during the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Wall Street Analysts Forecast Growth

KR has been the topic of several research analyst reports. JPMorgan Chase & Co. decreased their price target on shares of Kroger from $73.00 to $71.00 and set a “neutral” rating on the stock in a research report on Friday, December 5th. Guggenheim restated a “buy” rating and set a $78.00 price target on shares of Kroger in a research note on Wednesday, November 19th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $80.00 price target (down previously from $82.00) on shares of Kroger in a report on Monday, December 1st. Morgan Stanley set a $72.00 price objective on Kroger and gave the stock an “equal weight” rating in a report on Monday, December 8th. Finally, Roth Capital upgraded Kroger from a “neutral” rating to a “buy” rating and set a $75.00 price objective on the stock in a research report on Wednesday, September 17th. Eight research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $74.13.

Kroger Trading Down 0.3%

Shares of KR opened at $62.52 on Friday. The company has a current ratio of 0.88, a quick ratio of 0.45 and a debt-to-equity ratio of 2.28. The stock has a market cap of $39.57 billion, a PE ratio of 57.89, a PEG ratio of 1.75 and a beta of 0.61. The Kroger Co. has a 1 year low of $58.12 and a 1 year high of $74.90. The stock has a 50 day simple moving average of $64.54 and a 200-day simple moving average of $67.64.

Kroger (NYSE:KR) last released its quarterly earnings data on Thursday, December 4th. The company reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.02. Kroger had a return on equity of 38.06% and a net margin of 0.54%.The firm had revenue of $33.86 billion during the quarter, compared to analyst estimates of $34.27 billion. During the same period in the prior year, the company posted $0.98 earnings per share. The business’s revenue for the quarter was up .7% compared to the same quarter last year. Kroger has set its FY 2025 guidance at 4.750-4.800 EPS. On average, sell-side analysts predict that The Kroger Co. will post 4.44 EPS for the current fiscal year.

About Kroger

The Kroger Co (NYSE: KR) is one of the largest supermarket operators in the United States, offering a wide range of retail grocery and related services. Founded in Cincinnati in 1883 by Bernard Kroger, the company operates a portfolio of supermarket and multi-department store banners and provides customers with fresh foods, packaged groceries, deli and bakery items, meat and seafood, produce, and prepared foods. Kroger’s stores commonly include pharmacy services and fuel centers, positioning the company as a broad-based neighborhood retail destination for everyday needs.

In addition to traditional in-store retailing, Kroger manufactures and distributes a variety of private-label brands and operates its own food production and supply-chain facilities.