Kroger (NYSE:KR) received a $29.00 price target from investment analysts at BMO Capital Markets in a research report issued to clients and investors on Friday. The brokerage presently has a “hold” rating on the stock. BMO Capital Markets’ price objective suggests a potential upside of 12.99% from the company’s previous close.

Several other research analysts also recently issued reports on the stock. BidaskClub upgraded shares of Kroger from a “hold” rating to a “buy” rating in a report on Wednesday, August 9th. Vetr upgraded Kroger from a “buy” rating to a “strong-buy” rating and set a $27.01 target price on the stock in a research note on Wednesday, August 9th. Stephens initiated coverage on Kroger in a research note on Friday, August 11th. They issued an “underweight” rating and a $20.00 target price on the stock. Jefferies Group restated a “hold” rating on shares of Kroger in a research note on Friday, August 25th. Finally, Royal Bank Of Canada set a $34.00 price objective on Kroger and gave the company a “buy” rating in a research report on Monday, August 28th. Nineteen equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $29.44.

Shares of Kroger (KR) traded down $0.20 during mid-day trading on Friday, reaching $25.67. The company’s stock had a trading volume of 659,513 shares, compared to its average volume of 12,311,889. The firm has a market cap of $20,957.14, a price-to-earnings ratio of 12.34, a PEG ratio of 2.95 and a beta of 0.82. Kroger has a one year low of $19.69 and a one year high of $36.44. The company has a quick ratio of 0.33, a current ratio of 0.87 and a debt-to-equity ratio of 2.13.

Kroger (NYSE:KR) last posted its quarterly earnings results on Thursday, November 30th. The company reported $0.44 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.04. Kroger had a return on equity of 28.04% and a net margin of 1.32%. The business had revenue of $27.75 billion for the quarter, compared to analyst estimates of $27.48 billion. During the same period last year, the company earned $0.41 EPS. The firm’s revenue was up 4.5% on a year-over-year basis. analysts predict that Kroger will post 1.99 EPS for the current year.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its stake in shares of Kroger by 497.2% in the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 5,273 shares of the company’s stock worth $129,000 after buying an additional 4,390 shares in the last quarter. Frontier Investment Mgmt Co. grew its stake in Kroger by 107.2% during the second quarter. Frontier Investment Mgmt Co. now owns 50,142 shares of the company’s stock valued at $1,169,000 after acquiring an additional 25,940 shares in the last quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH lifted its position in Kroger by 66.3% during the third quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 87,411 shares of the company’s stock valued at $1,776,000 after purchasing an additional 34,856 shares during the last quarter. AMG National Trust Bank lifted its position in Kroger by 107.3% during the second 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 during the last quarter. Finally, TIAA FSB bought a new stake in shares of Kroger in the 2nd quarter worth about $3,265,000. Institutional investors own 79.16% of the company’s stock.

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About Kroger

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 (NYSE:KR)

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