Kroger Co. (NYSE:KR)‘s stock had its “sector perform” rating restated by analysts at RBC Capital Markets in a research report issued on Monday. They presently have a $37.00 price target on the stock. RBC Capital Markets’ price objective would indicate a potential upside of 9.21% from the stock’s current price.
Several other research firms have also recently commented on KR. BMO Capital Markets cut 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. Guggenheim reissued a “buy” rating and issued a $40.00 price target on shares of Kroger in a report on Monday. Vetr cut Kroger from a “hold” rating to a “sell” rating and set a $32.15 price target for the company. in a report on Monday, November 14th. Wells Fargo & Co. reissued an “outperform” rating on shares of Kroger in a report on Thursday, August 4th. Finally, Cleveland Research cut Kroger from a “buy” rating to a “hold” rating in a report on Tuesday, August 23rd. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and fifteen have assigned a buy rating to the stock. Kroger currently has a consensus rating of “Hold” and an average price target of $38.28.
Shares of Kroger (NYSE:KR) traded down 0.50% during mid-day trading on Monday, reaching $33.71. The company’s stock had a trading volume of 3,656,650 shares. Kroger has a 1-year low of $28.71 and a 1-year high of $42.75. The firm has a market capitalization of $31.83 billion, a P/E ratio of 15.98 and a beta of 0.74. The company’s 50-day moving average is $31.79 and its 200 day moving average is $33.36.
Kroger (NYSE:KR) last posted its quarterly earnings results on Friday, September 9th. The company reported $0.47 EPS for the quarter, beating the consensus estimate of $0.45 by $0.02. The business earned $26.60 billion during the quarter. Kroger had a return on equity of 32.52% and a net margin of 1.82%. The firm’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.44 earnings per share. On average, analysts expect that Kroger will post $2.13 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Tuesday, November 15th will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.42%. The ex-dividend date of this dividend is Thursday, November 10th. Kroger’s dividend payout ratio (DPR) is 22.86%.
In related news, insider Kevin M. Dougherty sold 31,000 shares of the business’s stock in a transaction dated Thursday, September 15th. The stock was 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 in the company, valued at $4,063,109.85. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.85% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. North Star Investment Management Corp. boosted its position in Kroger by 0.3% in the second quarter. North Star Investment Management Corp. now owns 10,988 shares of the company’s stock valued at $404,000 after buying an additional 29 shares during the period. Silvercrest Asset Management Group LLC raised its stake in shares of Kroger by 0.5% in the second quarter. Silvercrest Asset Management Group LLC now owns 13,369 shares of the company’s stock valued at $492,000 after buying an additional 66 shares in the last quarter. Pegasus Partners Ltd. raised its stake in shares of Kroger by 0.5% in the third quarter. Pegasus Partners Ltd. now owns 17,904 shares of the company’s stock valued at $531,000 after buying an additional 91 shares in the last quarter. Integrated Investment Consultants LLC raised its stake in shares of 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 in the last quarter. Finally, Capital Investment Advisors LLC raised its stake in shares of Kroger by 1.2% in the second quarter. Capital Investment Advisors LLC now owns 8,305 shares of the company’s stock valued at $306,000 after buying an additional 100 shares in the last quarter. Institutional investors and hedge funds own 75.51% of the company’s stock.
Kroger Company Profile