Kroger (NYSE:KR) has been given a $27.00 price objective by research analysts at BMO Capital Markets in a note issued to investors on Monday. The brokerage presently has a “hold” rating on the stock. BMO Capital Markets’ target price indicates a potential upside of 12.97% from the stock’s current price.
A number of other brokerages have also issued reports on KR. ValuEngine lowered Kroger from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Morgan Stanley raised their price target on Kroger from $28.00 to $29.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 6th. Stephens set a $29.00 price target on Kroger and gave the stock a “hold” rating in a research note on Tuesday, January 16th. Citigroup raised their price target on Kroger from $30.00 to $33.00 and gave the stock a “buy” rating in a research note on Tuesday, December 26th. Finally, TheStreet lowered Kroger from a “b” rating to a “c+” rating in a research note on Monday, March 5th. Sixteen equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $27.34.
Shares of Kroger (NYSE KR) opened at $23.90 on Monday. Kroger has a one year low of $19.69 and a one year high of $31.45. The company has a current ratio of 0.78, a quick ratio of 0.32 and a debt-to-equity ratio of 1.74. The stock has a market capitalization of $21,223.19, a P/E ratio of 11.33, a P/E/G ratio of 3.90 and a beta of 1.02.
In other news, VP Todd A. Foley sold 3,800 shares of the business’s stock in a transaction on Thursday, March 8th. The stock was sold at an average price of $24.43, for a total value of $92,834.00. Following the completion of the transaction, the vice president now directly owns 31,273 shares of the company’s stock, valued at approximately $763,999.39. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Christopher T. Hjelm sold 16,530 shares of the business’s stock in a transaction on Tuesday, December 19th. The stock was sold at an average price of $27.00, for a total value of $446,310.00. Following the completion of the transaction, the insider now directly owns 243,784 shares of the company’s stock, valued at $6,582,168. The disclosure for this sale can be found here. Over the last three months, insiders sold 110,130 shares of company stock valued at $3,187,062. Corporate insiders own 0.87% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Capital Research Global Investors boosted its stake in shares of Kroger by 17.3% in the third quarter. Capital Research Global Investors now owns 76,113,537 shares of the company’s stock worth $2,259,050,000 after buying an additional 11,224,653 shares during the last quarter. BlackRock Inc. boosted its stake in shares of Kroger by 3,334.2% in the first quarter. BlackRock Inc. now owns 72,026,662 shares of the company’s stock worth $2,124,067,000 after buying an additional 69,929,316 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of 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 buying an additional 852,864 shares during the last quarter. FMR LLC boosted its stake in shares of 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 buying an additional 7,446,349 shares during the last quarter. Finally, Capital World Investors boosted its stake in shares of 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 buying an additional 5,913,900 shares during the last quarter. 75.78% of the stock is owned by hedge funds and other institutional investors.
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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.
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