Allstate Corp Takes $1.55 Million Position in The Kroger Co. $KR

Allstate Corp purchased a new stake in shares of The Kroger Co. (NYSE:KR) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 23,015 shares of the company’s stock, valued at approximately $1,551,000.

Other large investors have also made changes to their positions in the company. SOA Wealth Advisors LLC. lifted its position in shares of Kroger by 6,840.0% in the 2nd quarter. SOA Wealth Advisors LLC. now owns 347 shares of the company’s stock worth $25,000 after purchasing an additional 342 shares during the period. Atlantic Union Bankshares Corp purchased a new position in Kroger during the second quarter valued at approximately $28,000. Rossby Financial LCC bought a new position in Kroger in the second quarter worth approximately $29,000. Whipplewood Advisors LLC lifted its holdings in Kroger by 10,425.0% during the second quarter. Whipplewood Advisors LLC now owns 421 shares of the company’s stock worth $30,000 after buying an additional 417 shares during the period. Finally, Vermillion & White Wealth Management Group LLC increased its holdings in shares of Kroger by 87.8% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 445 shares of the company’s stock valued at $32,000 after acquiring an additional 208 shares during the period. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

KR has been the subject of several recent analyst reports. Barclays set a $68.00 target price on shares of Kroger and gave the company an “equal weight” rating in a research note on Thursday, January 8th. Guggenheim reiterated a “buy” rating and set a $78.00 price objective on shares of Kroger in a report on Wednesday, November 19th. UBS Group restated a “neutral” rating and set a $70.00 target price (down from $74.00) on shares of Kroger in a research note on Friday, December 5th. Morgan Stanley set a $67.00 target price on Kroger and gave the company an “equal weight” rating in a research report on Thursday, January 15th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Kroger from $73.00 to $71.00 and set a “neutral” rating for the company in a research report on Friday, December 5th. Nine equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $73.88.

Kroger Stock Performance

Shares of Kroger stock opened at $63.16 on Wednesday. The company has a debt-to-equity ratio of 2.28, a current ratio of 0.88 and a quick ratio of 0.45. The stock has a market capitalization of $39.97 billion, a price-to-earnings ratio of 58.49, a price-to-earnings-growth ratio of 1.77 and a beta of 0.61. The business has a 50-day moving average of $63.65 and a 200 day moving average of $66.85. The Kroger Co. has a 12 month low of $58.15 and a 12 month high of $74.90.

Kroger (NYSE:KR) last announced its quarterly earnings data on Thursday, December 4th. The company reported $1.05 EPS for the quarter, beating analysts’ consensus estimates of $1.03 by $0.02. The company had revenue of $33.86 billion for the quarter, compared to the consensus estimate of $34.27 billion. Kroger had a net margin of 0.54% and a return on equity of 38.06%. The company’s quarterly revenue was up .7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.98 EPS. Kroger has set its FY 2025 guidance at 4.750-4.800 EPS. As a group, sell-side analysts forecast that The Kroger Co. will post 4.44 earnings per share for the current year.

Kroger Profile

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.