Kroger (NYSE:KR) has been assigned a $30.00 price objective by research analysts at Pivotal Research in a research note issued on Saturday. The brokerage presently has a “buy” rating on the stock. Pivotal Research’s price target points to a potential upside of 16.87% from the stock’s previous close.

Several other analysts have also issued reports on the company. Northcoast Research upgraded Kroger from a “neutral” rating to a “buy” rating in a report on Monday, November 6th. Royal Bank Of Canada reiterated an “overweight” rating on shares of Kroger in a report on Thursday, September 7th. Zacks Investment Research upgraded Kroger from a “sell” rating to a “hold” rating in a research note on Friday, November 10th. UBS lowered Kroger from an “outperform” rating to a “market perform” rating in a research note on Friday, September 8th. Finally, Oppenheimer restated a “hold” rating and issued a $22.00 price objective on shares of Kroger in a research note on Wednesday, October 4th. Eighteen equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $28.98.

Shares of Kroger (NYSE:KR) opened at $25.67 on Friday. The company has a market capitalization of $22,834.03, a PE ratio of 13.23, a P/E/G ratio of 3.22 and a beta of 0.90. The company has a quick ratio of 0.33, a current ratio of 0.85 and a debt-to-equity ratio of 2.11. Kroger has a fifty-two week low of $19.69 and a fifty-two week high of $36.44.

Kroger (NYSE:KR) last released its quarterly earnings data on Thursday, November 30th. The company reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.04. The business had revenue of $27.75 billion during the quarter, compared to the consensus estimate of $27.48 billion. Kroger had a return on equity of 28.60% and a net margin of 1.31%. The firm’s revenue was up 4.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.41 earnings per share. equities analysts expect that Kroger will post 2.03 EPS for the current fiscal year.

Several large investors have recently modified their holdings of KR. Capital Research Global Investors grew its holdings in shares of Kroger by 17.3% during the third quarter. Capital Research Global Investors now owns 76,113,537 shares of the company’s stock valued at $2,259,050,000 after buying an additional 11,224,653 shares during the last quarter. BlackRock Inc. grew its holdings in shares of Kroger by 3,334.2% during the first quarter. BlackRock Inc. now owns 72,026,662 shares of the company’s stock valued at $2,124,067,000 after buying an additional 69,929,316 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Kroger by 1.2% in the second quarter. Vanguard Group Inc. now owns 69,201,771 shares of the company’s stock worth $1,613,786,000 after purchasing an additional 852,864 shares during the last quarter. FMR LLC boosted its holdings in Kroger by 17.7% in the second quarter. FMR LLC now owns 49,409,616 shares of the company’s stock worth $1,152,232,000 after purchasing an additional 7,446,349 shares during the last quarter. Finally, Capital World Investors boosted its holdings in Kroger by 13.9% in the fourth quarter. Capital World Investors now owns 48,487,000 shares of the company’s stock worth $2,028,211,000 after purchasing an additional 5,913,900 shares during the last quarter. 79.16% of the stock is owned by hedge funds and other institutional investors.

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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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