Kroger Company (The) (NYSE:KR)‘s stock had its “buy” rating reaffirmed by stock analysts at Argus in a research report issued on Monday, The Fly reports.

Other equities research analysts have also issued research reports about the company. Deutsche Bank AG set a $35.00 target price on Kroger Company (The) and gave the company a “buy” rating in a research report on Sunday, March 5th. Wells Fargo & Company reiterated a “buy” rating on shares of Kroger Company (The) in a report on Friday, March 3rd. Goldman Sachs Group, Inc. (The) lowered 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 issued a $40.00 price target on shares of Kroger Company (The) in a report on Tuesday, February 28th. Finally, Vetr lowered Kroger Company (The) from a “strong-buy” rating to a “buy” rating and set a $34.57 price target on the stock. in a report on Wednesday, March 1st. One investment analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and ten have issued a buy rating to the company’s stock. Kroger Company (The) presently has a consensus rating of “Hold” and a consensus target price of $32.02.

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

Kroger Company (KR) traded up 0.90% during trading on Monday, hitting $22.49. The stock had a trading volume of 16,355,267 shares. The firm has a market capitalization of $20.56 billion, a P/E ratio of 10.97 and a beta of 0.73. Kroger Company has a one year low of $20.46 and a one year high of $37.97. The stock has a 50 day moving average of $29.21 and a 200 day moving average of $31.39.

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

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In other Kroger Company (The) news, VP Oflen Mary Elizabeth Van sold 8,000 shares of the firm’s stock in a transaction on Friday, April 21st. The stock was sold at an average price of $30.04, for a total value of $240,320.00. Following the completion of the sale, the vice president now directly owns 65,564 shares of the company’s stock, valued at $1,969,542.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Michael Joseph Donnelly sold 17,600 shares of the firm’s stock in a transaction on Wednesday, May 10th. The stock was sold at an average price of $30.01, for a total value of $528,176.00. Following the completion of the sale, the insider now directly owns 249,208 shares of the company’s stock, valued at $7,478,732.08. The disclosure for this sale can be found here. Insiders sold 74,604 shares of company stock valued at $2,234,714 over the last three months. Company insiders own 0.87% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in KR. Signature Estate & Investment Advisors LLC purchased a new stake in Kroger Company (The) during the first quarter worth about $102,000. Advantage Investment Management LLC raised its position in Kroger Company (The) by 15.8% in the first quarter. Advantage Investment Management LLC now owns 3,682 shares of the company’s stock worth $109,000 after buying an additional 502 shares during the last quarter. YorkBridge Wealth Partners LLC raised its position in Kroger Company (The) by 4.1% in the first quarter. YorkBridge Wealth Partners LLC now owns 4,323 shares of the company’s stock worth $125,000 after buying an additional 171 shares during the last quarter. Baldwin Brothers Inc. MA raised its position in Kroger Company (The) by 23.4% in the first quarter. Baldwin Brothers Inc. MA now owns 5,000 shares of the company’s stock worth $147,000 after buying an additional 948 shares during the last quarter. Finally, Global X Management Co. LLC raised its position in Kroger Company (The) by 28.1% in the first quarter. Global X Management Co. LLC now owns 6,546 shares of the company’s stock worth $193,000 after buying an additional 1,434 shares during the last quarter. 77.89% of the stock is owned by institutional investors and hedge funds.

About Kroger Company (The)

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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