Kroger Company (The) (NYSE:KR)‘s stock had its “hold” rating restated by investment analysts at Oppenheimer Holdings, Inc. in a research note issued on Wednesday. They currently have a $22.00 price objective on the stock. Oppenheimer Holdings, Inc.’s price target points to a potential upside of 7.16% from the company’s previous close.

Several other equities analysts have also recently commented on KR. BMO Capital Markets set a $32.00 price target on shares of Kroger Company (The) and gave the company a “hold” rating in a report on Saturday, June 10th. Royal Bank Of Canada restated a “buy” rating and set a $34.00 price target on shares of Kroger Company (The) in a report on Tuesday, June 13th. Wells Fargo & Company restated a “buy” rating and set a $28.00 price target (down from $35.00) on shares of Kroger Company (The) in a report on Monday, June 12th. Bank of America Corporation cut shares of Kroger Company (The) from a “buy” rating to a “neutral” rating in a report on Thursday, June 15th. Finally, Telsey Advisory Group cut shares of Kroger Company (The) from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $38.00 to $29.00 in a report on Friday, June 16th. One analyst has rated the stock with a sell rating, nineteen have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $28.54.

Shares of Kroger Company (NYSE:KR) traded down 0.15% on Wednesday, reaching $20.53. The company had a trading volume of 16,921,886 shares. The company has a 50 day moving average price of $21.48 and a 200 day moving average price of $25.61. Kroger Company has a 52-week low of $19.69 and a 52-week high of $36.44. The stock has a market capitalization of $18.26 billion, a PE ratio of 12.42 and a beta of 0.76.

Kroger Company (The) (NYSE:KR) last posted its quarterly earnings results on Friday, September 8th. The company reported $0.39 EPS for the quarter, meeting the consensus estimate of $0.39. Kroger Company (The) had a net margin of 1.32% and a return on equity of 28.04%. The business had revenue of $27.60 billion for the quarter, compared to analysts’ expectations of $27.48 billion. During the same period in the previous year, the company posted $0.47 EPS. Kroger Company (The)’s revenue was up 3.9% on a year-over-year basis. On average, equities research analysts anticipate that Kroger Company will post $1.97 earnings per share for the current year.

Kroger Company (The) announced that its board has initiated a share buyback plan on Thursday, June 22nd that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the company to purchase up to 4.9% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

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A number of hedge funds have recently added to or reduced their stakes in KR. Dupont Capital Management Corp bought a new stake in Kroger Company (The) during the second quarter valued at about $105,000. Cedar Wealth Management LLC boosted its holdings in Kroger Company (The) by 155.9% during the second quarter. Cedar Wealth Management LLC now owns 4,990 shares of the company’s stock valued at $116,000 after acquiring an additional 3,040 shares during the period. CWM LLC boosted its holdings in Kroger Company (The) by 1,162.2% during the second quarter. CWM LLC now owns 5,213 shares of the company’s stock valued at $122,000 after acquiring an additional 4,800 shares during the period. Grove Bank & Trust boosted its holdings in Kroger Company (The) by 9.3% during the second quarter. Grove Bank & Trust now owns 5,287 shares of the company’s stock valued at $124,000 after acquiring an additional 450 shares during the period. Finally, Mountain Capital Investment Advisors Inc bought a new stake in Kroger Company (The) during the second quarter valued at about $128,000. Institutional investors own 75.83% of the company’s stock.

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.

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

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