Kroger (KR) PT Raised to $33.00

Kroger (NYSE:KR) had its price target raised by stock analysts at Citigroup from $30.00 to $33.00 in a report issued on Tuesday. The firm presently has a “buy” rating on the stock. Citigroup’s price objective points to a potential upside of 19.09% from the stock’s previous close.

Several other analysts also recently weighed in on the stock. Wolfe Research raised shares of Kroger from an “underperform” rating to a “market perform” rating in a research report on Wednesday, December 20th. Oppenheimer reissued a “hold” rating and set a $26.00 target price on shares of Kroger in a research report on Monday, December 4th. Moffett Nathanson began coverage on shares of Kroger in a research report on Monday, December 4th. They set a “buy” rating on the stock. Pivotal Research set a $30.00 target price on shares of Kroger and gave the stock a “buy” rating in a research report on Saturday, December 2nd. Finally, BMO Capital Markets set a $29.00 price objective on shares of Kroger and gave the company a “hold” rating in a report on Friday, December 1st. Eighteen research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $29.11.

Kroger (NYSE:KR) opened at $27.71 on Tuesday. 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 has a 12-month low of $19.69 and a 12-month high of $35.24. The stock has a market cap of $24,898.47, a P/E ratio of 16.49, a PEG ratio of 3.76 and a beta of 0.92.

Kroger (NYSE:KR) last issued its quarterly earnings data on Thursday, November 30th. The company reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.04. Kroger had a net margin of 1.31% and a return on equity of 28.60%. The firm had revenue of $27.75 billion for the quarter, compared to the consensus estimate of $27.48 billion. During the same quarter in the previous year, the firm earned $0.41 EPS. The company’s quarterly revenue was up 4.5% compared to the same quarter last year. research analysts forecast that Kroger will post 2.01 earnings per share for the current year.

In other news, VP Carin L. Fike sold 1,538 shares of the stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $25.61, for a total value of $39,388.18. Following the completion of the sale, the vice president now directly owns 25,956 shares in the company, valued at $664,733.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Christopher T. Hjelm sold 16,530 shares of the stock in a transaction dated Tuesday, December 19th. The shares were sold at an average price of $27.00, for a total transaction of $446,310.00. Following the completion of the sale, the insider now owns 243,784 shares of the company’s stock, valued at $6,582,168. The disclosure for this sale can be found here. Insiders have sold 28,068 shares of company stock valued at $755,498 over the last 90 days. 0.87% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Peapack Gladstone Financial Corp grew its holdings in shares of Kroger by 1.4% in the second quarter. Peapack Gladstone Financial Corp now owns 11,343 shares of the company’s stock valued at $265,000 after purchasing an additional 154 shares during the period. Pettyjohn Wood & White Inc. grew its holdings in shares of Kroger by 0.4% in the second quarter. Pettyjohn Wood & White Inc. now owns 52,201 shares of the company’s stock valued at $1,217,000 after purchasing an additional 191 shares during the period. Citizens Financial Group Inc RI grew its holdings in shares of Kroger by 4.3% in the second quarter. Citizens Financial Group Inc RI now owns 6,165 shares of the company’s stock valued at $144,000 after purchasing an additional 255 shares during the period. Calamos Wealth Management LLC grew its holdings in shares of Kroger by 0.8% in the second quarter. Calamos Wealth Management LLC now owns 35,067 shares of the company’s stock valued at $818,000 after purchasing an additional 275 shares during the period. Finally, Pacad Investment Ltd. grew its holdings in shares of Kroger by 0.5% in the second quarter. Pacad Investment Ltd. now owns 92,704 shares of the company’s stock valued at $2,162,000 after purchasing an additional 433 shares during the period. 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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