Stock Traders Purchase High Volume of The Kroger Call Options (KR)
Shares of The Kroger (NYSE:KR) saw unusually large options trading activity on Tuesday. Traders acquired 1,692 call options on the company, AmericanBankingNews.com reports. This is an increase of 120% compared to the typical daily volume of 769 call options.
KR has been the subject of a number of recent research reports. Analysts at Prime Executions initiated coverage on shares of The Kroger in a research note on Thursday, July 24th. They set a “buy” rating and a $56.00 price target on the stock. Separately, analysts at BMO Capital Markets upgraded shares of The Kroger from a “market perform” rating to an “outperform” rating in a research note on Tuesday, July 15th. They now have a $58.00 price target on the stock, up previously from $52.00. Finally, analysts at Scotiabank reiterated a “sector outperform” rating on shares of The Kroger in a research note on Thursday, June 26th. Six research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $50.80.
Shares of The Kroger (NYSE:KR) traded down 0.28% on Tuesday, hitting $50.11. 2,111,974 shares of the company’s stock traded hands. The Kroger has a 1-year low of $35.13 and a 1-year high of $51.49. The stock has a 50-day moving average of $49.52 and a 200-day moving average of $45.04. The company has a market cap of $24.500 billion and a price-to-earnings ratio of 17.01.
The Kroger (NYSE:KR) last released its earnings data on Thursday, June 19th. The company reported $1.09 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.05 by $0.04. The company had revenue of $32.96 billion for the quarter, compared to the consensus estimate of $32.59 billion. During the same quarter in the prior year, the company posted $0.92 earnings per share. The company’s quarterly revenue was up 9.9% on a year-over-year basis. On average, analysts predict that The Kroger will post $3.28 earnings per share for the current fiscal year.
The Kroger Co is a retailer in the United States. The Company also manufactures and processes some of the food for sale in its supermarkets.
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