Kroger (NYSE:KR)‘s stock had its “buy” rating reissued by equities research analysts at Pivotal Research in a research report issued to clients and investors on Monday. They presently have a $28.00 price target on the stock, down from their prior price target of $32.00. Pivotal Research’s target price would suggest a potential upside of 17.15% from the stock’s previous close.
Several other brokerages have also commented on KR. ValuEngine lowered shares of Kroger from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. BMO Capital Markets set a $31.00 price objective on shares of Kroger and gave the stock a “hold” rating in a report on Wednesday, January 24th. Morgan Stanley raised their price objective on shares of Kroger from $28.00 to $29.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 6th. Stephens set a $29.00 price objective on shares of Kroger and gave the stock a “hold” rating in a report on Tuesday, January 16th. Finally, Citigroup raised their price objective on shares of Kroger from $30.00 to $33.00 and gave the stock a “buy” rating in a report on Tuesday, December 26th. Sixteen 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 stock. The stock presently has an average rating of “Hold” and an average price target of $27.34.
Shares of Kroger (KR) opened at $23.90 on Monday. The company has a debt-to-equity ratio of 1.74, a quick ratio of 0.32 and a current ratio of 0.78. The firm has a market cap of $21,223.19, a PE ratio of 11.33, a PEG ratio of 3.90 and a beta of 1.02. Kroger has a 1-year low of $19.69 and a 1-year high of $31.45.
In related news, insider Christopher T. Hjelm sold 16,530 shares of the firm’s stock in a transaction that occurred on Tuesday, December 19th. The shares were sold at an average price of $27.00, for a total transaction of $446,310.00. Following the completion of the sale, the insider now owns 243,784 shares of the company’s stock, valued at $6,582,168. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Michael Joseph Donnelly sold 40,000 shares of the firm’s stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $30.64, for a total transaction of $1,225,600.00. Following the sale, the vice president now directly owns 319,124 shares of the company’s stock, valued at approximately $9,777,959.36. The disclosure for this sale can be found here. Insiders have sold 110,130 shares of company stock valued at $3,187,062 over the last quarter. Company insiders own 0.87% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in KR. Nationwide Fund Advisors grew its position in Kroger by 64.5% in the 3rd quarter. Nationwide Fund Advisors now owns 1,059,817 shares of the company’s stock worth $21,260,000 after purchasing an additional 415,628 shares during the period. Gabelli Funds LLC grew its position in Kroger by 6.9% in the 3rd quarter. Gabelli Funds LLC now owns 233,000 shares of the company’s stock worth $4,674,000 after purchasing an additional 15,000 shares during the period. Global X MANAGEMENT CO LLC grew its position in Kroger by 37.5% in the 3rd quarter. Global X MANAGEMENT CO LLC now owns 10,113 shares of the company’s stock worth $203,000 after purchasing an additional 2,756 shares during the period. Sei Investments Co. grew its position in Kroger by 17.3% in the 3rd quarter. Sei Investments Co. now owns 416,486 shares of the company’s stock worth $8,352,000 after purchasing an additional 61,528 shares during the period. Finally, Meag Munich Ergo Kapitalanlagegesellschaft MBH grew its position in Kroger by 66.3% in the 3rd quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 87,411 shares of the company’s stock worth $1,776,000 after purchasing an additional 34,856 shares during the period. 75.78% of the stock is owned by institutional investors.
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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