Kroger (NYSE:KR) has been assigned a $31.00 target price by research analysts at BMO Capital Markets in a research report issued to clients and investors on Wednesday. The firm currently has a “hold” rating on the stock. BMO Capital Markets’ price target suggests a potential upside of 3.85% from the stock’s previous close.
A number of other brokerages also recently issued reports on KR. Citigroup boosted their price objective on shares of Kroger from $30.00 to $33.00 and gave the company a “buy” rating in a research report on Tuesday, December 26th. Stephens set a $29.00 price objective on shares of Kroger and gave the company a “hold” rating in a research report on Tuesday, January 16th. Zacks Investment Research downgraded shares of Kroger from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. TheStreet raised shares of Kroger from a “c+” rating to a “b” rating in a research report on Wednesday, December 27th. Finally, ValuEngine downgraded shares of Kroger from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Seventeen research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $29.57.
Shares of Kroger (NYSE KR) traded up $0.54 during midday trading on Wednesday, hitting $29.85. 2,635,074 shares of the company traded hands, compared to its average volume of 9,877,514. The company has a current ratio of 0.85, a quick ratio of 0.31 and a debt-to-equity ratio of 2.11. Kroger has a 12 month low of $19.69 and a 12 month high of $34.75. The stock has a market capitalization of $26,190.00, a P/E ratio of 17.77, a price-to-earnings-growth ratio of 3.88 and a beta of 0.93.
In related news, COO Michael Joseph Donnelly sold 15,400 shares of the company’s stock in a transaction dated Friday, December 28th. The shares were sold at an average price of $27.66, for a total value of $425,964.00. Following the transaction, the chief operating officer now owns 290,353 shares in the company, valued at approximately $8,031,163.98. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Carin L. Fike sold 1,538 shares of the company’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $25.61, for a total transaction of $39,388.18. Following the completion of the transaction, the vice president now owns 25,956 shares in the company, valued at approximately $664,733.16. The disclosure for this sale can be found here. In the last quarter, insiders sold 69,868 shares of company stock worth $1,932,696. 0.87% of the stock is currently owned by company insiders.
A number of institutional investors have recently made changes to their positions in KR. BlackRock Inc. lifted its stake in shares of Kroger by 3,334.2% in the 1st quarter. BlackRock Inc. now owns 72,026,662 shares of the company’s stock worth $2,124,067,000 after purchasing an additional 69,929,316 shares during the period. FMR LLC lifted its stake in shares of Kroger by 54.1% in the 1st quarter. FMR LLC now owns 41,963,267 shares of the company’s stock worth $1,237,497,000 after purchasing an additional 14,723,540 shares during the period. Capital Research Global Investors lifted its stake in shares of Kroger by 17.3% in the 3rd quarter. Capital Research Global Investors now owns 76,113,537 shares of the company’s stock worth $2,259,050,000 after purchasing an additional 11,224,653 shares during the period. Norges Bank bought a new position in shares of Kroger in the 4th quarter worth approximately $394,174,000. Finally, CI Global Investments Inc. bought a new position in shares of Kroger in the 1st quarter worth approximately $270,002,000. Institutional investors own 79.59% of the company’s stock.
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Kroger 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.
