Kroger (KR) Now Covered by Analysts at Moffett Nathanson

Moffett Nathanson assumed coverage on shares of Kroger (NYSE:KR) in a research note issued to investors on Monday morning. The firm issued a buy rating on the stock.

Other equities research analysts have also recently issued research reports about the stock. BidaskClub raised shares of Kroger from a hold rating to a buy rating in a report on Wednesday, August 9th. Oppenheimer reaffirmed a buy rating and issued a $28.00 price target on shares of Kroger in a report on Tuesday, September 5th. Deutsche Bank reaffirmed a buy rating and issued a $26.00 price target on shares of Kroger in a report on Tuesday, September 5th. Royal Bank Of Canada set a $34.00 price target on shares of Kroger and gave the stock a buy rating in a report on Monday, August 28th. Finally, Hilliard Lyons reaffirmed a buy rating and issued a $30.00 price target on shares of Kroger in a report on Tuesday, September 12th. Eighteen analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. Kroger has a consensus rating of Hold and an average price target of $29.16.

Shares of Kroger (NYSE KR) traded down $0.72 during midday trading on Monday, hitting $26.16. The stock had a trading volume of 8,085,074 shares, compared to its average volume of 12,372,164. Kroger has a 12-month low of $19.69 and a 12-month high of $36.44. The stock has a market cap of $22,834.03, a P/E ratio of 13.23, a PEG ratio of 3.39 and a beta of 0.92. The company has a debt-to-equity ratio of 2.11, a current ratio of 0.85 and a quick ratio of 0.31.

Kroger (NYSE:KR) last posted its quarterly earnings results on Thursday, November 30th. The company reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.04. The company had revenue of $27.75 billion for the quarter, compared to analysts’ expectations of $27.48 billion. Kroger had a net margin of 1.31% and a return on equity of 28.60%. Kroger’s revenue was up 4.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.41 EPS. research analysts expect that Kroger will post 2.03 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Wednesday, November 15th were issued a dividend of $0.125 per share. The ex-dividend date was Tuesday, November 14th. This represents a $0.50 dividend on an annualized basis and a yield of 1.91%. Kroger’s payout ratio is 29.76%.

In other Kroger news, VP Carin L. Fike sold 1,538 shares of the business’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $25.61, for a total transaction of $39,388.18. Following the sale, the vice president now owns 25,956 shares of the company’s stock, valued at approximately $664,733.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.87% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Savant Capital LLC grew its position in Kroger by 0.9% in the second quarter. Savant Capital LLC now owns 10,617 shares of the company’s stock worth $248,000 after acquiring an additional 90 shares in the last quarter. Peapack Gladstone Financial Corp grew its position in Kroger by 1.4% in the second quarter. Peapack Gladstone Financial Corp now owns 11,343 shares of the company’s stock worth $265,000 after acquiring an additional 154 shares in the last quarter. Pettyjohn Wood & White Inc. grew its position in Kroger by 0.4% in the second quarter. Pettyjohn Wood & White Inc. now owns 52,201 shares of the company’s stock worth $1,217,000 after acquiring an additional 191 shares in the last quarter. Citizens Financial Group Inc RI grew its position in Kroger by 4.3% in the second quarter. Citizens Financial Group Inc RI now owns 6,165 shares of the company’s stock worth $144,000 after acquiring an additional 255 shares in the last quarter. Finally, Calamos Wealth Management LLC grew its position in Kroger by 0.8% in the second quarter. Calamos Wealth Management LLC now owns 35,067 shares of the company’s stock worth $818,000 after acquiring an additional 275 shares in the last quarter. Hedge funds and other institutional investors own 79.10% of the company’s stock.

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About Kroger

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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