Kroger Co. (NYSE:KR)‘s stock had its “overweight” rating restated by equities research analysts at Morgan Stanley in a report issued on Wednesday. They presently have a $40.00 price objective on the stock. Morgan Stanley’s price objective points to a potential upside of 28.33% from the company’s previous close.
A number of other equities research analysts have also recently commented on the company. BMO Capital Markets cut Kroger from an “outperform” rating to a “market perform” rating and increased their price target for the company from $34.01 to $35.00 in a research note on Tuesday, August 2nd. Royal Bank Of Canada decreased their price target on Kroger from $39.00 to $37.00 and set a “sector perform” rating for the company in a research note on Wednesday, September 7th. Zacks Investment Research cut Kroger from a “hold” rating to a “sell” rating in a research note on Tuesday, August 30th. Citigroup Inc. reduced their price objective on Kroger from $44.00 to $43.00 and set a “buy” rating for the company in a research note on Monday, August 29th. Finally, Piper Jaffray Cos. restated an “underweight” rating and issued a $29.00 price objective on shares of Kroger in a research note on Friday, June 17th. Four analysts have rated the stock with a sell rating, nine have assigned a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $38.97.
Shares of Kroger (NYSE:KR) traded up 3.59% during midday trading on Wednesday, reaching $31.19. 31,075,677 shares of the company were exchanged. The company has a 50 day moving average price of $30.88 and a 200-day moving average price of $34.45. Kroger has a 12-month low of $28.71 and a 12-month high of $42.75. The stock has a market capitalization of $29.45 billion, a P/E ratio of 14.79 and a beta of 0.70.
Kroger (NYSE:KR) last released its quarterly earnings results on Friday, September 9th. The company reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.02. Kroger had a return on equity of 32.52% and a net margin of 1.82%. The company earned $26.60 billion during the quarter. During the same quarter last year, the business posted $0.44 earnings per share. The company’s quarterly revenue was up 4.0% compared to the same quarter last year. On average, analysts forecast that Kroger will post $2.14 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Tuesday, November 15th will be given a $0.12 dividend. The ex-dividend date is Thursday, November 10th. This represents a $0.48 dividend on an annualized basis and a yield of 1.54%. Kroger’s dividend payout ratio is currently 22.86%.
In related news, insider Kevin M. Dougherty sold 31,000 shares of the business’s stock in a transaction on Thursday, September 15th. The stock was sold at an average price of $31.05, for a total value of $962,550.00. Following the sale, the insider now owns 130,857 shares in the company, valued at approximately $4,063,109.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.85% of the stock is owned by company insiders.
Several large investors have recently bought and sold shares of the stock. Physicians Financial Services Inc. boosted its position in 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 during the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted 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 last quarter. Advisory Services Network LLC boosted 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 last quarter. Integrated Investment Consultants LLC boosted its position in Kroger by 2.8% in the second quarter. Integrated Investment Consultants LLC now owns 3,722 shares of the company’s stock valued at $137,000 after buying an additional 100 shares during the last quarter. Finally, Barnett & Company Inc. bought a new position in Kroger during the first quarter valued at approximately $145,000. Hedge funds and other institutional investors own 80.16% of the company’s stock.