Kroger Company (The) (KR) Earns “Buy” Rating from Royal Bank Of Canada

Kroger Company (The) (NYSE:KR)‘s stock had its “buy” rating reiterated by analysts at Royal Bank Of Canada in a report released on Friday, May 12th, MarketBeat.com reports. They presently have a $37.00 target price on the stock. Royal Bank Of Canada’s target price points to a potential upside of 65.99% from the stock’s current price.

Several other research analysts also recently commented on the stock. Credit Suisse Group reiterated a “neutral” rating and issued a $33.00 target price (up previously from $29.00) on shares of Kroger Company (The) in a report on Thursday, January 19th. Oppenheimer Holdings, Inc. restated an “outperform” rating and issued a $38.00 price target (up from $36.00) on shares of Kroger Company (The) in a research report on Wednesday, February 22nd. Zacks Investment Research upgraded shares of Kroger Company (The) from a “sell” rating to a “hold” rating in a research report on Monday, February 20th. Vetr lowered shares of Kroger Company (The) from a “strong-buy” rating to a “buy” rating and set a $37.30 target price on the stock. in a research report on Monday, February 13th. Finally, Barclays PLC reiterated an “equal weight” rating and set a $33.00 target price on shares of Kroger Company (The) in a research report on Tuesday, February 28th. One equities research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $32.48.

Analyst Recommendations for Kroger Company (The) (NYSE:KR)

Shares of Kroger Company (NYSE:KR) traded down 9.24% during mid-day trading on Friday, hitting $22.29. The stock had a trading volume of 106,360,667 shares. The firm has a 50 day moving average price of $29.21 and a 200 day moving average price of $31.39. Kroger Company has a 52-week low of $20.46 and a 52-week high of $37.97. The firm has a market cap of $20.38 billion, a PE ratio of 10.87 and a beta of 0.73. Kroger Company (The) also was the target of some unusual options trading activity on Wednesday. Traders bought 885 call options on the company. This represents an increase of approximately 198% compared to the average volume of 297 call options.

Kroger Company (The) (NYSE:KR) last issued its earnings results on Thursday, June 15th. The company reported $0.58 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.58. The firm had revenue of $36.29 billion during the quarter, compared to analysts’ expectations of $35.69 billion. Kroger Company (The) had a net margin of 1.35% and a return on equity of 29.10%. The firm’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same period last year, the firm posted $0.70 earnings per share. Equities analysts predict that Kroger Company will post $2.14 EPS for the current year.

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In other Kroger Company (The) news, insider Michael Joseph Donnelly sold 22,400 shares of the firm’s stock in a transaction that occurred on Friday, April 28th. The shares were sold at an average price of $30.00, for a total transaction of $672,000.00. Following the completion of the transaction, the insider now owns 254,008 shares in the company, valued at approximately $7,620,240. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Susan J. Kropf sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, April 10th. The stock was sold at an average price of $29.90, for a total transaction of $299,000.00. Following the transaction, the director now owns 84,673 shares of the company’s stock, valued at approximately $2,531,722.70. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 74,604 shares of company stock worth $2,234,714. 0.85% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Aldebaran Financial Inc. raised its position in Kroger Company (The) by 0.6% in the first quarter. Aldebaran Financial Inc. now owns 14,130 shares of the company’s stock valued at $417,000 after buying an additional 78 shares during the last quarter. Pegasus Partners Ltd. raised its stake in Kroger Company (The) by 0.5% in the third quarter. Pegasus Partners Ltd. now owns 17,904 shares of the company’s stock valued at $531,000 after buying an additional 91 shares in the last quarter. Vident Investment Advisory LLC raised its stake in Kroger Company (The) by 0.3% in the fourth quarter. Vident Investment Advisory LLC now owns 42,464 shares of the company’s stock valued at $1,465,000 after buying an additional 113 shares in the last quarter. Cadence Capital Management LLC raised its stake in Kroger Company (The) by 0.7% in the first quarter. Cadence Capital Management LLC now owns 19,717 shares of the company’s stock valued at $581,000 after buying an additional 143 shares in the last quarter. Finally, Point View Wealth Management Inc. raised its stake in Kroger Company (The) by 0.4% in the third quarter. Point View Wealth Management Inc. now owns 38,537 shares of the company’s stock valued at $1,144,000 after buying an additional 155 shares in the last quarter. Hedge funds and other institutional investors own 77.89% of the company’s stock.

About Kroger Company (The)

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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