Kroger Company (The) (NYSE:KR) received a $26.00 target price from investment analysts at Deutsche Bank AG in a research note issued to investors on Monday. The brokerage currently has a “buy” rating on the stock. Deutsche Bank AG’s target price indicates a potential upside of 16.64% from the company’s current price.

Other equities research analysts have also issued reports about the stock. Wells Fargo & Company reiterated a “buy” rating on shares of Kroger Company (The) in a report on Friday, March 3rd. Argus reduced their target price on shares of Kroger Company (The) from $43.00 to $40.00 and set a “buy” rating on the stock in a report on Friday, March 3rd. Goldman Sachs Group, Inc. (The) lowered shares of Kroger Company (The) from a “conviction-buy” rating to a “buy” rating in a report on Friday, March 3rd. Guggenheim reiterated a “buy” rating and set a $40.00 target price on shares of Kroger Company (The) in a report on Tuesday, February 28th. Finally, Vetr lowered shares of Kroger Company (The) from a “strong-buy” rating to a “buy” rating and set a $34.57 target price on the stock. in a report on Wednesday, March 1st. One research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and ten have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $31.52.

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

Shares of Kroger Company (NYSE:KR) traded up 1.5132% during trading on Monday, reaching $22.6273. 29,904,102 shares of the company were exchanged. Kroger Company has a 1-year low of $20.46 and a 1-year high of $37.97. The firm has a 50-day moving average price of $29.21 and a 200-day moving average price of $31.39. The stock has a market capitalization of $20.69 billion, a P/E ratio of 11.0377 and a beta of 0.73.

Kroger Company (The) (NYSE:KR) last released its earnings results on Thursday, June 15th. The company reported $0.58 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.58. The company had revenue of $36.29 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the prior year, the business earned $0.70 EPS. Equities research analysts predict that Kroger Company will post $2.02 earnings per share for the current fiscal year.

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In other news, VP Oflen Mary Elizabeth Van sold 8,000 shares of Kroger Company (The) stock in a transaction dated Friday, April 21st. The shares were sold at an average price of $30.04, for a total value of $240,320.00. Following the sale, the vice president now owns 65,564 shares of the company’s stock, valued at $1,969,542.56. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Ronald Sargent sold 4,465 shares of Kroger Company (The) stock in a transaction dated Wednesday, March 29th. The shares were sold at an average price of $29.35, for a total transaction of $131,047.75. Following the completion of the sale, the director now directly owns 81,240 shares in the company, valued at approximately $2,384,394. The disclosure for this sale can be found here. In the last ninety days, insiders sold 74,604 shares of company stock worth $2,234,714. Insiders own 0.87% of the company’s stock.

Several hedge funds have recently modified their holdings of the stock. Aldebaran Financial Inc. increased its stake in shares of Kroger Company (The) by 0.6% in the first quarter. Aldebaran Financial Inc. now owns 14,130 shares of the company’s stock valued at $417,000 after buying an additional 78 shares during the last quarter. Vident Investment Advisory LLC increased its stake in shares of Kroger Company (The) by 0.3% in the fourth quarter. Vident Investment Advisory LLC now owns 42,464 shares of the company’s stock valued at $1,465,000 after buying an additional 113 shares during the last quarter. Cadence Capital Management LLC increased its stake in shares of Kroger Company (The) by 0.7% in the first quarter. Cadence Capital Management LLC now owns 19,717 shares of the company’s stock valued at $581,000 after buying an additional 143 shares during the last quarter. YorkBridge Wealth Partners LLC increased its stake in shares of Kroger Company (The) by 4.1% in the first quarter. YorkBridge Wealth Partners LLC now owns 4,323 shares of the company’s stock valued at $125,000 after buying an additional 171 shares during the last quarter. Finally, Savant Capital LLC increased its stake in shares of Kroger Company (The) by 1.7% in the first quarter. Savant Capital LLC now owns 10,527 shares of the company’s stock valued at $310,000 after buying an additional 171 shares during the last quarter. 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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