Kroger Company (The) (NYSE:KR) was downgraded by stock analysts at Oppenheimer Holdings Inc. to a “market perform” rating in a research report issued on Friday. They currently have a $23.00 target price on the stock, down from their prior target price of $28.00. Oppenheimer Holdings Inc.’s price objective indicates a potential upside of 1.01% from the company’s previous close.

A number of other equities analysts also recently commented on KR. Deutsche Bank AG reissued a “buy” rating on shares of Kroger Company (The) in a research note on Friday, May 12th. Royal Bank Of Canada reissued a “buy” rating and issued a $37.00 price objective on shares of Kroger Company (The) in a research note on Friday, May 12th. Loop Capital started coverage on shares of Kroger Company (The) in a research note on Monday, May 15th. They issued a “hold” rating and a $32.00 price objective for the company. ValuEngine downgraded shares of Kroger Company (The) from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, BMO Capital Markets set a $32.00 price objective on shares of Kroger Company (The) and gave the stock a “hold” rating in a research note on Saturday, June 10th. Two equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $29.70.

Kroger Company (NYSE:KR) traded down 8.26% during mid-day trading on Friday, hitting $20.89. The company had a trading volume of 33,634,919 shares. The firm has a market capitalization of $18.75 billion, a PE ratio of 12.58 and a beta of 0.79. Kroger Company has a 1-year low of $20.46 and a 1-year high of $36.44. The company has a 50 day moving average of $23.18 and a 200 day moving average of $26.95. Kroger Company (The) also saw unusually large options trading activity on Thursday. Stock investors bought 31,730 put options on the company. This is an increase of approximately 607% compared to the average daily volume of 4,485 put options.

Kroger Company (The) (NYSE:KR) last issued its quarterly earnings data on Friday, September 8th. The company reported $0.39 EPS for the quarter, hitting analysts’ consensus estimates of $0.39. The company had revenue of $27.60 billion during the quarter, compared to the consensus estimate of $27.48 billion. Kroger Company (The) had a net margin of 1.35% and a return on equity of 29.10%. Kroger Company (The)’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.47 earnings per share. Analysts predict that Kroger Company will post $1.98 earnings per share for the current fiscal year.

Kroger Company (The) announced that its board has approved a stock repurchase plan on Thursday, June 22nd that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the company to repurchase up to 4.9% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its shares are undervalued.

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In other Kroger Company (The) news, Director Susan M. Phillips sold 6,200 shares of the company’s stock in a transaction on Friday, June 16th. The shares were sold at an average price of $21.17, for a total value of $131,254.00. Following the sale, the director now directly owns 124,105 shares of the company’s stock, valued at $2,627,302.85. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider J Michael Schlotman purchased 2,000 shares of the stock in a transaction on Monday, June 26th. The stock was acquired at an average cost of $22.73 per share, for a total transaction of $45,460.00. The disclosure for this purchase can be found here. 0.85% of the stock is currently owned by corporate insiders.

A number of large investors have recently bought and sold shares of the business. Aldebaran Financial Inc. boosted its holdings in 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 purchasing an additional 78 shares during the last quarter. Savant Capital LLC boosted its holdings in Kroger Company (The) by 0.9% in the second quarter. Savant Capital LLC now owns 10,617 shares of the company’s stock valued at $248,000 after purchasing an additional 90 shares during the last quarter. Cadence Capital Management LLC boosted its holdings in 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 purchasing an additional 143 shares during the last quarter. Peapack Gladstone Financial Corp boosted its holdings in Kroger Company (The) by 1.4% in the second quarter. Peapack Gladstone Financial Corp now owns 11,343 shares of the company’s stock valued at $265,000 after purchasing an additional 154 shares during the last quarter. Finally, YorkBridge Wealth Partners LLC boosted its holdings 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 valued at $125,000 after purchasing an additional 171 shares during the last quarter. 74.63% of the stock is currently owned by institutional investors.

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.

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

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