Today The Kroger Company (The)’s (KR) “Neutral” Rating Reiterated at Credit Suisse Group

Today The Kroger Company (The)’s (KR) “Neutral” Rating Reiterated at Credit Suisse Group

Credit Suisse Group reissued their neutral rating on shares of Kroger Company (The) (NYSE:KR) in a research note issued to investors on Thursday morning. Credit Suisse Group currently has a $33.00 target price on the stock, up from their prior target price of $29.00.

KR has been the topic of a number of other reports. Barclays PLC initiated coverage on shares of Kroger Company (The) in a research report on Friday, September 23rd. They set an equal weight rating and a $33.00 price target on the stock. Oppenheimer Holdings, Inc. reaffirmed an outperform rating and set a $40.00 price target on shares of Kroger Company (The) in a research report on Wednesday, October 5th. Guggenheim reaffirmed a buy rating and set a $40.00 price target on shares of Kroger Company (The) in a research report on Tuesday, December 6th. Citigroup Inc. set a $39.00 target price on shares of Kroger Company (The) and gave the stock a buy rating in a research report on Friday, October 7th. Finally, Zacks Investment Research cut shares of Kroger Company (The) from a hold rating to a sell rating in a research report on Monday, October 3rd. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. Kroger Company (The) presently has an average rating of Hold and an average price target of $37.44.

Kroger Company (NYSE:KR) traded up 1.59% on Thursday, hitting $33.92. 758,996 shares of the company were exchanged. Kroger Company has a 52-week low of $28.71 and a 52-week high of $40.91. The stock has a market cap of $31.82 billion, a PE ratio of 16.30 and a beta of 0.75. The firm has a 50 day moving average of $34.29 and a 200-day moving average of $32.85.

Kroger Company (The) (NYSE:KR) last announced its quarterly earnings results on Thursday, December 1st. The company reported $0.41 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.41. The firm had revenue of $26.56 billion for the quarter, compared to analysts’ expectations of $26.43 billion. Kroger Company (The) had a net margin of 1.77% and a return on equity of 31.48%. Kroger Company (The)’s revenue was up 5.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.43 earnings per share. On average, equities analysts expect that Kroger Company will post $2.11 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 1st. Shareholders of record on Wednesday, February 15th will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date of this dividend is Monday, February 13th. Kroger Company (The)’s payout ratio is 23.08%.

In other Kroger Company (The) news, insider Christopher T. Hjelm sold 15,120 shares of the company’s stock in a transaction dated Wednesday, December 7th. The shares were sold at an average price of $33.25, for a total transaction of $502,740.00. Following the completion of the sale, the insider now directly owns 240,433 shares of the company’s stock, valued at $7,994,397.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Oflen Mary Elizabeth Van sold 14,106 shares of the company’s stock in a transaction dated Monday, December 5th. The shares were sold at an average price of $32.94, for a total transaction of $464,651.64. The disclosure for this sale can be found here. Insiders sold a total of 39,226 shares of company stock valued at $1,310,892 over the last three months. 0.85% of the stock is owned by corporate insiders.

A number of hedge funds have recently bought and sold shares of KR. Baldwin Brothers Inc. MA raised its stake in Kroger Company (The) by 212.4% in the third quarter. Baldwin Brothers Inc. MA now owns 4,052 shares of the company’s stock worth $120,000 after buying an additional 2,755 shares in the last quarter. Advisory Services Network LLC raised its stake in Kroger Company (The) by 289.9% in the third quarter. Advisory Services Network LLC now owns 4,238 shares of the company’s stock worth $126,000 after buying an additional 3,151 shares in the last quarter. Kernodle & Katon Asset Management Group LLC purchased a new stake in Kroger Company (The) during the third quarter worth approximately $135,000. MCF Advisors LLC raised its stake in Kroger Company (The) by 2.5% in the second quarter. MCF Advisors LLC now owns 4,578 shares of the company’s stock worth $168,000 after buying an additional 111 shares in the last quarter. Finally, Global X Management Co. LLC raised its stake in Kroger Company (The) by 133.4% in the third quarter. Global X Management Co. LLC now owns 6,041 shares of the company’s stock worth $179,000 after buying an additional 3,453 shares in the last quarter. 77.04% of the stock is owned by institutional investors.

About Kroger Company (The)

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.

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