Kroger Co. (NYSE:KR) was downgraded by investment analysts at Vetr from a “buy” rating to a “hold” rating in a research note issued on Tuesday. They presently have a $32.15 price objective on the stock. Vetr‘s target price would suggest a potential downside of 5.11% from the stock’s current price.
A number of other research firms have also weighed in on KR. Deutsche Bank AG reaffirmed a “buy” rating and set a $39.00 price target on shares of Kroger in a report on Wednesday, October 26th. BMO Capital Markets lowered shares of Kroger from an “outperform” rating to a “market perform” rating and raised their price target for the company from $34.01 to $35.00 in a report on Tuesday, August 2nd. Royal Bank Of Canada lowered their price target on shares of Kroger from $39.00 to $37.00 and set a “sector perform” rating for the company in a report on Wednesday, September 7th. Zacks Investment Research lowered shares of Kroger from a “hold” rating to a “sell” rating in a report on Tuesday, August 30th. Finally, Citigroup Inc. reduced their price objective on shares of Kroger from $44.00 to $43.00 and set a “buy” rating on the stock in a research note on Monday, August 29th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and fifteen have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $38.28.
Kroger (NYSE:KR) traded up 0.53% on Tuesday, reaching $33.88. 2,669,717 shares of the company’s stock were exchanged. The firm has a market capitalization of $31.99 billion, a price-to-earnings ratio of 16.06 and a beta of 0.74. Kroger has a 1-year low of $28.71 and a 1-year high of $42.75. The stock’s 50 day moving average price is $31.79 and its 200 day moving average price is $33.36.
Kroger (NYSE:KR) last released its quarterly earnings data on Friday, September 9th. The company reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.02. Kroger had a net margin of 1.82% and a return on equity of 32.52%. The company earned $26.60 billion during the quarter. During the same period in the previous year, the company earned $0.44 EPS. Kroger’s revenue was up 4.0% on a year-over-year basis. On average, analysts expect that Kroger will post $2.13 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Tuesday, November 15th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Thursday, November 10th. This represents a $0.48 annualized dividend and a dividend yield of 1.42%. Kroger’s dividend payout ratio is currently 22.86%.
In other news, insider Kevin M. Dougherty sold 31,000 shares of Kroger stock in a transaction that occurred on Thursday, September 15th. The shares were sold at an average price of $31.05, for a total value of $962,550.00. Following the transaction, the insider now owns 130,857 shares of the company’s stock, valued at approximately $4,063,109.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.85% of the stock is currently owned by insiders.
Several institutional investors have recently made changes to their positions in KR. Physicians Financial Services Inc. boosted its position in shares of Kroger by 7,500.0% in the second quarter. Physicians Financial Services Inc. now owns 3,040 shares of the company’s stock valued at $112,000 after buying an additional 3,000 shares in the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its position in Kroger by 32.7% in the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 3,246 shares of the company’s stock valued at $119,000 after buying an additional 800 shares during the period. Baldwin Brothers Inc. MA increased its position in Kroger by 212.4% in the third quarter. Baldwin Brothers Inc. MA now owns 4,052 shares of the company’s stock valued at $120,000 after buying an additional 2,755 shares during the period. Advisory Services Network LLC increased its position in Kroger by 289.9% in the third quarter. Advisory Services Network LLC now owns 4,238 shares of the company’s stock valued at $126,000 after buying an additional 3,151 shares during the period. Finally, Kernodle & Katon Asset Management Group LLC purchased a new position in Kroger during the third quarter valued at $135,000. 79.23% of the stock is currently owned by institutional investors.
The Kroger Co (Kroger) operates retail food and drug stores, multi-department stores, jewelry stores and convenience stores across the United States. The Company also manufactures and processes food for sale in its supermarkets. It operates through retail operations segment. The Company operates, either directly or through its subsidiaries, approximately 2,778 retail food stores under a range of local banner names, approximately 1,387 of which have fuel centers.