Kroger Company (The) (NYSE:KR) has been given a $27.00 price target by investment analysts at BMO Capital Markets in a research report issued to clients and investors on Friday. The brokerage presently has a “hold” rating on the stock. BMO Capital Markets’ price objective suggests a potential upside of 21.13% from the company’s previous close.

Other analysts also recently issued research reports about the stock. Hilliard Lyons downgraded shares of Kroger Company (The) to a “buy” rating in a research note on Monday, March 6th. Deutsche Bank AG set a $35.00 price objective on shares of Kroger Company (The) and gave the stock a “buy” rating in a research note on Sunday, March 5th. Wells Fargo & Company reissued a “buy” rating on shares of Kroger Company (The) in a research note on Friday, March 3rd. Argus decreased their price objective on shares of Kroger Company (The) from $43.00 to $40.00 and set a “buy” rating for the company in a research note on Friday, March 3rd. Finally, Goldman Sachs Group, Inc. (The) downgraded shares of Kroger Company (The) from a “conviction-buy” rating to a “buy” rating in a research note on Friday, March 3rd. One equities research analyst has rated the stock with a sell rating, seventeen have given a hold rating and ten have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $31.52.

Analyst Recommendations for Kroger Company (The) (NYSE:KR)

Kroger Company (NYSE KR) traded up 2.24% during midday trading on Friday, hitting $22.79. The stock had a trading volume of 28,870,830 shares. Kroger Company has a 1-year low of $20.46 and a 1-year high of $37.97. The stock’s 50-day moving average is $29.21 and its 200-day moving average is $31.39. The company has a market capitalization of $20.84 billion, a PE ratio of 11.12 and a beta of 0.73.

Kroger Company (The) (NYSE:KR) last announced its quarterly earnings data on Thursday, June 15th. The company reported $0.58 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.58. The business had revenue of $36.29 billion during the quarter, compared to the consensus estimate of $35.69 billion. Kroger Company (The) had a net margin of 1.35% and a return on equity of 29.10%. The firm’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.70 earnings per share. Equities research analysts forecast that Kroger Company will post $2.02 EPS for the current year.

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In other Kroger Company (The) news, Director Ronald Sargent sold 4,465 shares of Kroger Company (The) stock in a transaction on Wednesday, March 29th. The shares were sold at an average price of $29.35, for a total value of $131,047.75. Following the transaction, the director now directly owns 81,240 shares of the company’s stock, valued at $2,384,394. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Michael Joseph Donnelly sold 17,600 shares of Kroger Company (The) stock in a transaction on Wednesday, May 10th. The stock was sold at an average price of $30.01, for a total transaction of $528,176.00. Following the completion of the transaction, the insider now directly owns 249,208 shares in the company, valued at $7,478,732.08. The disclosure for this sale can be found here. Insiders sold 74,604 shares of company stock worth $2,234,714 over the last ninety days. Corporate insiders own 0.87% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the company. Elkfork Partners LLC purchased a new position in Kroger Company (The) during the fourth quarter valued at about $5,324,000. Cypress Capital Management LLC purchased a new position in Kroger Company (The) during the fourth quarter valued at about $276,000. Marshall Wace LLP purchased a new position in Kroger Company (The) during the fourth quarter valued at about $8,517,000. Keybank National Association OH raised its position in Kroger Company (The) by 303.2% in the fourth quarter. Keybank National Association OH now owns 343,098 shares of the company’s stock valued at $11,841,000 after buying an additional 258,001 shares in the last quarter. Finally, FIL Ltd purchased a new position in Kroger Company (The) during the fourth quarter valued at about $12,352,000. 77.89% of the stock is currently owned by institutional investors and hedge funds.

Kroger Company (The) 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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