Kroger (NYSE:KR) has been given a $27.00 target price by analysts at Morgan Stanley in a note issued to investors on Monday. The firm presently has a “hold” rating on the stock. Morgan Stanley’s target price points to a potential upside of 12.55% from the stock’s current price.
KR has been the subject of a number of other reports. BMO Capital Markets set a $31.00 price target on Kroger and gave the company a “hold” rating in a research note on Friday, March 2nd. Citigroup increased their price target on Kroger from $30.00 to $33.00 and gave the company a “buy” rating in a research note on Tuesday, December 26th. Oppenheimer reaffirmed a “hold” rating and set a $26.00 price target on shares of Kroger in a research note on Monday, December 4th. Zacks Investment Research lowered Kroger from a “buy” rating to a “hold” rating in a research note on Wednesday, January 3rd. Finally, TheStreet lowered Kroger from a “b” rating to a “c+” rating in a research note on Monday, March 5th. Sixteen 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 company has an average rating of “Hold” and an average price target of $27.36.
Shares of Kroger (NYSE:KR) traded down $0.08 during mid-day trading on Monday, reaching $23.99. The company had a trading volume of 18,460,000 shares, compared to its average volume of 12,000,000. Kroger has a 1-year low of $19.69 and a 1-year high of $31.45. The company has a market cap of $21,140.00, a price-to-earnings ratio of 14.28, a price-to-earnings-growth ratio of 3.90 and a beta of 1.04. The company has a debt-to-equity ratio of 1.74, a current ratio of 0.78 and a quick ratio of 0.32.
In other news, insider Christopher T. Hjelm sold 8,000 shares of the stock in a transaction on Monday, January 29th. The stock was sold at an average price of $30.64, for a total value of $245,120.00. Following the completion of the sale, the insider now owns 251,784 shares in the company, valued at $7,714,661.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Todd A. Foley sold 3,800 shares of the stock in a transaction on Thursday, March 8th. The shares were sold at an average price of $24.43, for a total value of $92,834.00. Following the completion of the sale, the vice president now owns 31,273 shares of the company’s stock, valued at approximately $763,999.39. The disclosure for this sale can be found here. Insiders have sold a total of 110,130 shares of company stock valued at $3,187,062 in the last quarter. Insiders own 0.87% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in KR. Capital Research Global Investors grew its position 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 valued at $2,259,050,000 after purchasing an additional 11,224,653 shares during the last quarter. BlackRock Inc. grew its position 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 valued at $2,124,067,000 after purchasing an additional 69,929,316 shares during the last quarter. Vanguard Group Inc. grew its position 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 valued at $1,613,786,000 after purchasing an additional 852,864 shares during the last quarter. FMR LLC grew its position in shares of Kroger by 17.7% in the second quarter. FMR LLC now owns 49,409,616 shares of the company’s stock valued at $1,152,232,000 after purchasing an additional 7,446,349 shares during the last quarter. Finally, Capital World Investors grew its position 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 valued at $2,028,211,000 after purchasing an additional 5,913,900 shares during the last quarter. Institutional investors own 75.78% of the company’s stock.
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.
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