Kroger Company (The) (NYSE:KR)‘s stock had its “hold” rating reissued by equities researchers at UBS AG in a research note issued to investors on Thursday, www.tipranks.com reports. They currently have a $24.00 target price on the stock. UBS AG’s price target indicates a potential upside of 15.50% from the company’s previous close.

Other equities analysts also recently issued reports about the stock. Bank of America Corporation downgraded shares of Kroger Company (The) from a “buy” rating to a “neutral” rating in a report on Thursday, June 15th. Scotiabank dropped their target price on shares of Kroger Company (The) from $36.00 to $31.00 and set an “outperform” rating for the company in a report on Friday, June 16th. Telsey Advisory Group downgraded shares of Kroger Company (The) from an “outperform” rating to a “market perform” rating and dropped their target price for the company from $38.00 to $29.00 in a report on Friday, June 16th. Jefferies Group LLC restated a “hold” rating and set a $26.00 target price (down from $30.00) on shares of Kroger Company (The) in a report on Friday, June 16th. Finally, Royal Bank Of Canada dropped their target price on shares of Kroger Company (The) from $37.00 to $34.00 and set an “outperform” rating for the company in a report on Friday, June 16th. Twenty equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $28.54.

Kroger Company (KR) traded up 0.43% on Thursday, reaching $20.87. 11,823,261 shares of the company’s stock were exchanged. The company has a market capitalization of $18.56 billion, a P/E ratio of 12.63 and a beta of 0.76. The firm has a 50-day moving average price of $21.16 and a 200-day moving average price of $25.30. Kroger Company has a 1-year low of $19.69 and a 1-year high of $36.44.

Kroger Company (The) (NYSE:KR) last announced its quarterly earnings results on Friday, September 8th. The company reported $0.39 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.39. The business 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 1.32% and a return on equity of 28.04%. The business’s revenue was up 3.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.47 EPS. Equities research analysts expect that Kroger Company will post $1.97 earnings per share for the current year.

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

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A number of hedge funds have recently made changes to their positions in KR. Cibc World Markets Corp lifted its position in Kroger Company (The) by 365.5% during the first quarter. Cibc World Markets Corp now owns 301,499 shares of the company’s stock valued at $8,891,000 after buying an additional 236,728 shares in the last quarter. Vaughan David Investments Inc. IL lifted its position in Kroger Company (The) by 3.1% during the first quarter. Vaughan David Investments Inc. IL now owns 502,900 shares of the company’s stock valued at $14,831,000 after buying an additional 15,160 shares in the last quarter. Neuberger Berman Group LLC lifted its position in Kroger Company (The) by 42.5% during the first quarter. Neuberger Berman Group LLC now owns 7,369,389 shares of the company’s stock valued at $217,323,000 after buying an additional 2,197,652 shares in the last quarter. Vident Investment Advisory LLC lifted its position in Kroger Company (The) by 80.5% during the first quarter. Vident Investment Advisory LLC now owns 76,637 shares of the company’s stock valued at $2,260,000 after buying an additional 34,173 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new position in Kroger Company (The) during the first quarter valued at approximately $202,000. 75.83% of the stock is currently owned by hedge funds and other 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.

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

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