The Kroger Co. (NYSE:KR) Given Average Recommendation of “Hold” by Analysts

Shares of The Kroger Co. (NYSE:KRGet Rating) have earned an average recommendation of “Hold” from the twenty-one analysts that are currently covering the stock, MarketBeat Ratings reports. Five investment analysts have rated the stock with a sell recommendation, seven have given a hold recommendation, four have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $50.95.

A number of research analysts have commented on the company. Zacks Investment Research raised Kroger from a “hold” rating to a “strong-buy” rating and set a $64.00 target price on the stock in a report on Wednesday, March 9th. Credit Suisse Group lifted their target price on Kroger from $47.00 to $57.00 and gave the company a “neutral” rating in a research note on Friday, March 4th. BNP Paribas upgraded Kroger from an “underperform” rating to a “neutral” rating and set a $60.00 price target on the stock in a research report on Friday, April 22nd. Citigroup cut Kroger from a “neutral” rating to a “sell” rating and decreased their target price for the stock from $47.00 to $42.00 in a report on Friday, January 28th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on Kroger from $43.00 to $49.00 and gave the stock a “hold” rating in a report on Monday, March 7th.

In related news, SVP Mark C. Tuffin sold 77,544 shares of the firm’s stock in a transaction dated Monday, March 7th. The shares were sold at an average price of $61.84, for a total value of $4,795,320.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Timothy A. Massa sold 50,283 shares of the firm’s stock in a transaction dated Thursday, April 21st. The shares were sold at an average price of $58.03, for a total transaction of $2,917,922.49. Following the completion of the sale, the senior vice president now owns 163,956 shares of the company’s stock, valued at $9,514,366.68. The disclosure for this sale can be found here. In the last quarter, insiders have sold 432,968 shares of company stock valued at $24,877,771. Corporate insiders own 1.35% of the company’s stock.

Large investors have recently modified their holdings of the stock. Advisor Group Holdings Inc. lifted its position in Kroger by 10.5% during the third quarter. Advisor Group Holdings Inc. now owns 278,536 shares of the company’s stock worth $11,248,000 after acquiring an additional 26,487 shares during the last quarter. Moors & Cabot Inc. lifted its position in Kroger by 686.7% during the third quarter. Moors & Cabot Inc. now owns 50,000 shares of the company’s stock worth $50,000 after acquiring an additional 43,644 shares during the last quarter. Keybank National Association OH lifted its position in Kroger by 34.2% during the third quarter. Keybank National Association OH now owns 38,760 shares of the company’s stock worth $1,567,000 after acquiring an additional 9,872 shares during the last quarter. Meeder Asset Management Inc. lifted its position in Kroger by 138.8% during the third quarter. Meeder Asset Management Inc. now owns 8,495 shares of the company’s stock worth $344,000 after acquiring an additional 4,938 shares during the last quarter. Finally, Mackenzie Financial Corp lifted its position in Kroger by 18.0% during the third quarter. Mackenzie Financial Corp now owns 429,335 shares of the company’s stock worth $17,358,000 after acquiring an additional 65,408 shares during the last quarter. Institutional investors and hedge funds own 81.52% of the company’s stock.

NYSE KR opened at $53.85 on Friday. The company has a market capitalization of $38.82 billion, a PE ratio of 24.70, a price-to-earnings-growth ratio of 1.48 and a beta of 0.49. The company has a current ratio of 0.75, a quick ratio of 0.33 and a debt-to-equity ratio of 1.36. The business’s 50-day moving average price is $56.30 and its 200 day moving average price is $48.36. Kroger has a twelve month low of $35.91 and a twelve month high of $62.78.

Kroger (NYSE:KRGet Rating) last posted its earnings results on Thursday, March 3rd. The company reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.17. Kroger had a return on equity of 29.97% and a net margin of 1.20%. The business had revenue of $33.05 billion during the quarter, compared to analyst estimates of $32.66 billion. During the same quarter last year, the firm earned $0.81 earnings per share. The company’s revenue for the quarter was up 7.5% compared to the same quarter last year. Equities analysts predict that Kroger will post 3.75 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 1st. Investors of record on Friday, May 13th will be given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date is Thursday, May 12th. Kroger’s dividend payout ratio is currently 38.53%.

Kroger Company Profile (Get Rating)

The Kroger Co operates as a retailer in the United States. The company operates combination food and drug stores, multi-department stores, marketplace stores, and price impact warehouses. Its combination food and drug stores offer natural food and organic sections, pharmacies, general merchandise, pet centers, fresh seafood, and organic produce; and multi-department stores provide apparel, home fashion and furnishings, outdoor living, electronics, automotive products, and toys.

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