Kroger Company (The) (NYSE:KR) was downgraded by UBS AG from an “outperform” rating to a “market perform” rating in a note issued to investors on Friday, The Fly reports.

Other equities analysts have also recently issued reports about the stock. Royal Bank Of Canada reaffirmed a “buy” rating and set a $37.00 price target on shares of Kroger Company (The) in a research note on Friday, May 12th. Deutsche Bank AG reaffirmed a “buy” rating on shares of Kroger Company (The) in a research note on Friday, May 12th. Wells Fargo & Company reaffirmed a “buy” rating and set a $28.00 price target (down from $35.00) on shares of Kroger Company (The) in a research note on Monday, June 12th. Argus reaffirmed a “buy” rating on shares of Kroger Company (The) in a research note on Monday, June 19th. Finally, Vetr cut shares of Kroger Company (The) from a “strong-buy” rating to a “buy” rating and set a $26.33 price target for the company. in a research note on Tuesday, July 4th. Two research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $29.91.

Kroger Company (KR) opened at 22.77 on Friday. The company has a market capitalization of $20.43 billion, a P/E ratio of 13.71 and a beta of 0.79. Kroger Company has a 52 week low of $20.46 and a 52 week high of $36.44. The stock’s 50 day moving average is $23.18 and its 200 day moving average is $26.95. Kroger Company (The) also was the recipient of unusually large options trading activity on Thursday. Stock traders bought 31,730 put options on the company. This is an increase of 607% compared to the typical volume of 4,485 put options.

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

Kroger Company (The) declared that its board has approved a stock repurchase program on Thursday, June 22nd that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the company to reacquire up to 4.9% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

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In related news, Director Susan M. Phillips sold 6,200 shares of the business’s stock in a transaction that occurred on Friday, June 16th. The shares were sold at an average price of $21.17, for a total transaction of $131,254.00. Following the completion of the transaction, the director now owns 124,105 shares in the company, valued at approximately $2,627,302.85. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider J Michael Schlotman acquired 2,000 shares of Kroger Company (The) stock in a transaction that occurred on Monday, June 26th. The shares were purchased at an average price of $22.73 per share, with a total value of $45,460.00. The disclosure for this purchase can be found here. Insiders own 0.85% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the business. Intl Fcstone Inc. purchased a new stake in Kroger Company (The) during the 2nd quarter worth approximately $645,000. Paradigm Financial Advisors LLC purchased a new stake in Kroger Company (The) during the 2nd quarter worth approximately $220,000. Sentry Investment Management LLC grew its position in Kroger Company (The) by 114.9% during the 2nd quarter. Sentry Investment Management LLC now owns 72,943 shares of the company’s stock worth $1,701,000 after purchasing an additional 39,000 shares during the last quarter. Toronto Dominion Bank grew its position in Kroger Company (The) by 26.9% during the 2nd quarter. Toronto Dominion Bank now owns 315,969 shares of the company’s stock worth $7,368,000 after purchasing an additional 66,919 shares during the last quarter. Finally, Archford Capital Strategies LLC grew its position in Kroger Company (The) by 38,135.3% during the 2nd quarter. Archford Capital Strategies LLC now owns 13,000 shares of the company’s stock worth $139,000 after purchasing an additional 12,966 shares during the last quarter. 74.63% of the stock is currently owned by institutional investors.

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.

The Fly

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

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