Investors sold shares of Kroger Co (NYSE:KR) on strength during trading hours on Thursday after an insider sold shares in the company. $24.34 million flowed into the stock on the tick-up and $55.46 million flowed out of the stock on the tick-down, for a money net flow of $31.12 million out of the stock. Of all stocks tracked, Kroger had the 0th highest net out-flow for the day. Kroger traded up $0.23 for the day and closed at $27.55Specifically, VP Carin L. Fike sold 1,538 shares of Kroger stock in a transaction on Friday, December 1st. The stock was 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 document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Christopher T. Hjelm sold 16,530 shares of Kroger stock in a transaction on Tuesday, December 19th. The shares were sold at an average price of $27.00, for a total value of $446,310.00. Following the sale, the insider now directly owns 243,784 shares in the company, valued at approximately $6,582,168. The disclosure for this sale can be found here. In the last three months, insiders sold 28,068 shares of company stock worth $755,498. Company insiders own 0.85% of the company’s stock.
KR has been the topic of a number of research reports. Jefferies Group reissued a “hold” rating on shares of Kroger in a research note on Friday, August 25th. Royal Bank of Canada set a $34.00 price objective on Kroger and gave the stock a “buy” rating in a research note on Monday, August 28th. Zacks Investment Research downgraded Kroger from a “hold” rating to a “sell” rating in a research note on Tuesday, August 29th. Deutsche Bank reissued a “buy” rating and issued a $26.00 price objective on shares of Kroger in a research note on Tuesday, September 5th. Finally, Oppenheimer reissued a “buy” rating and issued a $28.00 price objective on shares of Kroger in a research note on Tuesday, September 5th. Eighteen analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $28.93.
The company has a quick ratio of 0.31, a current ratio of 0.85 and a debt-to-equity ratio of 2.11. The company has a market capitalization of $24,900.00, a price-to-earnings ratio of 16.82, a PEG ratio of 3.63 and a beta of 0.93.
Several hedge funds have recently modified their holdings of the company. Parametric Portfolio Associates LLC grew its holdings in shares of Kroger by 19.6% during the third quarter. Parametric Portfolio Associates LLC now owns 5,145,254 shares of the company’s stock valued at $103,214,000 after buying an additional 843,047 shares in the last quarter. Greenlight Capital Inc. purchased a new position in Kroger in the third quarter valued at about $7,268,000. GSA Capital Partners LLP purchased a new position in Kroger in the third quarter valued at about $278,000. Truepoint Inc. grew its stake in Kroger by 1,906.0% in the third quarter. Truepoint Inc. now owns 475,262 shares of the company’s stock valued at $475,000 after purchasing an additional 451,570 shares in the last quarter. Finally, Gyroscope Capital Management Group LLC purchased a new position in Kroger in the third quarter valued at about $234,000. Institutional investors and hedge funds own 79.59% of the company’s stock.
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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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