Courier Capital LLC Acquires 10,186 Shares of The Kroger Co. $KR

Courier Capital LLC boosted its holdings in shares of The Kroger Co. (NYSE:KR) by 58.7% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 27,536 shares of the company’s stock after acquiring an additional 10,186 shares during the quarter. Courier Capital LLC’s holdings in Kroger were worth $1,856,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of KR. Brighton Jones LLC increased its stake in Kroger by 27.3% in the 4th quarter. Brighton Jones LLC now owns 15,733 shares of the company’s stock worth $962,000 after buying an additional 3,373 shares during the period. Woodline Partners LP grew its stake in Kroger by 40.7% in the 1st quarter. Woodline Partners LP now owns 56,243 shares of the company’s stock worth $3,807,000 after acquiring an additional 16,270 shares in the last quarter. Sivia Capital Partners LLC purchased a new position in shares of Kroger during the second quarter worth approximately $201,000. Exchange Traded Concepts LLC raised its stake in shares of Kroger by 1.6% during the second quarter. Exchange Traded Concepts LLC now owns 27,424 shares of the company’s stock valued at $1,967,000 after acquiring an additional 431 shares in the last quarter. Finally, Diversified Trust Co boosted its holdings in shares of Kroger by 2.8% in the second quarter. Diversified Trust Co now owns 6,611 shares of the company’s stock valued at $474,000 after purchasing an additional 182 shares during the period. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Kroger Stock Performance

KR stock opened at $63.18 on Tuesday. The Kroger Co. has a one year low of $58.12 and a one year high of $74.90. The firm has a market cap of $39.98 billion, a price-to-earnings ratio of 58.50, a PEG ratio of 1.77 and a beta of 0.61. The company has a debt-to-equity ratio of 2.28, a quick ratio of 0.45 and a current ratio of 0.88. The firm has a 50-day simple moving average of $63.69 and a two-hundred day simple moving average of $66.89.

Kroger (NYSE:KR) last posted its quarterly earnings data on Thursday, December 4th. The company reported $1.05 EPS for the quarter, topping the consensus estimate of $1.03 by $0.02. Kroger had a net margin of 0.54% and a return on equity of 38.06%. The firm had revenue of $33.86 billion during the quarter, compared to analyst estimates of $34.27 billion. During the same quarter in the previous year, the business posted $0.98 EPS. Kroger’s revenue was up .7% on a year-over-year basis. Kroger has set its FY 2025 guidance at 4.750-4.800 EPS. On average, equities analysts forecast that The Kroger Co. will post 4.44 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on KR shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Kroger in a research report on Monday, December 29th. Wall Street Zen lowered shares of Kroger from a “buy” rating to a “hold” rating in a research note on Saturday, December 27th. Barclays set a $68.00 target price on shares of Kroger and gave the stock an “equal weight” rating in a report on Thursday, January 8th. Morgan Stanley set a $67.00 price target on shares of Kroger and gave the company an “equal weight” rating in a report on Thursday. Finally, Evercore ISI set a $77.00 price objective on shares of Kroger and gave the company an “outperform” rating in a research note on Friday, December 5th. Nine research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $73.88.

About Kroger

The Kroger Co (NYSE: KR) is one of the largest supermarket operators in the United States, offering a wide range of retail grocery and related services. Founded in Cincinnati in 1883 by Bernard Kroger, the company operates a portfolio of supermarket and multi-department store banners and provides customers with fresh foods, packaged groceries, deli and bakery items, meat and seafood, produce, and prepared foods. Kroger’s stores commonly include pharmacy services and fuel centers, positioning the company as a broad-based neighborhood retail destination for everyday needs.

In addition to traditional in-store retailing, Kroger manufactures and distributes a variety of private-label brands and operates its own food production and supply-chain facilities.