Kroger Company (The) (NYSE:KR) has been assigned a consensus rating of “Hold” from the thirty analysts that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, nineteen have given a hold recommendation, eight have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $28.52.

KR has been the topic of a number of research analyst reports. Royal Bank Of Canada set a $34.00 target price on shares of Kroger Company (The) and gave the company a “buy” rating in a research note on Monday, August 28th. Zacks Investment Research cut shares of Kroger Company (The) from a “hold” rating to a “sell” rating in a research note on Tuesday, August 29th. Oppenheimer Holdings, Inc. cut shares of Kroger Company (The) to a “market perform” rating and dropped their target price for the company from $28.00 to $23.00 in a research note on Friday, September 8th. Jefferies Group LLC reiterated a “hold” rating on shares of Kroger Company (The) in a research note on Friday, August 25th. Finally, Vetr upgraded shares of Kroger Company (The) from a “buy” rating to a “strong-buy” rating and set a $26.26 target price on the stock in a research note on Friday, July 14th.

Shares of Kroger Company (NYSE KR) traded down 1.20% during midday trading on Friday, hitting $20.57. 13,210,348 shares of the stock were exchanged. The stock has a market capitalization of $18.30 billion, a price-to-earnings ratio of 12.44 and a beta of 0.76. Kroger Company has a 1-year low of $19.69 and a 1-year high of $36.44. The firm’s 50 day moving average is $20.78 and its 200-day moving average is $24.60.

Kroger Company (The) (NYSE:KR) last released its quarterly earnings results on Friday, September 8th. The company reported $0.39 earnings per share for the quarter, hitting 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 earned $0.47 earnings per share. The firm’s revenue for the quarter was up 3.9% compared to the same quarter last year. On average, analysts predict that Kroger Company will post $1.97 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Wednesday, November 15th will be paid a $0.125 dividend. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $0.50 dividend on an annualized basis and a yield of 2.43%. Kroger Company (The)’s dividend payout ratio is presently 30.30%.

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A number of hedge funds have recently added to or reduced their stakes in the business. Bank of Nova Scotia boosted its stake in shares of Kroger Company (The) by 906.4% in the 1st quarter. Bank of Nova Scotia now owns 211,840 shares of the company’s stock valued at $6,247,000 after purchasing an additional 190,790 shares in the last quarter. Cardinal Capital Management Inc. purchased a new stake in shares of Kroger Company (The) in the 2nd quarter valued at $455,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its stake in shares of Kroger Company (The) by 497.2% in the 2nd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 5,273 shares of the company’s stock valued at $129,000 after purchasing an additional 4,390 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its stake in shares of Kroger Company (The) by 3.3% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 3,254,556 shares of the company’s stock valued at $95,977,000 after purchasing an additional 105,068 shares in the last quarter. Finally, AMG National Trust Bank boosted its stake in shares of Kroger Company (The) by 107.3% in the 2nd quarter. AMG National Trust Bank now owns 69,867 shares of the company’s stock valued at $1,629,000 after purchasing an additional 36,164 shares in the last quarter. 75.72% of the stock is owned by institutional investors and hedge funds.

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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