Chicago Partners Investment Group LLC Purchases Shares of 3,102 The Kroger Co. $KR

Chicago Partners Investment Group LLC purchased a new stake in shares of The Kroger Co. (NYSE:KR) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 3,102 shares of the company’s stock, valued at approximately $226,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Accent Capital Management LLC bought a new position in shares of Kroger in the first quarter worth approximately $25,000. SOA Wealth Advisors LLC. grew its holdings in shares of Kroger by 6,840.0% in the second quarter. SOA Wealth Advisors LLC. now owns 347 shares of the company’s stock worth $25,000 after purchasing an additional 342 shares during the last quarter. Capital Analysts LLC bought a new position in shares of Kroger in the first quarter worth approximately $36,000. GKV Capital Management Co. Inc. bought a new position in shares of Kroger in the first quarter worth approximately $38,000. Finally, Thompson Investment Management Inc. bought a new position in shares of Kroger in the second quarter worth approximately $38,000. 80.93% of the stock is currently owned by institutional investors.

Kroger Stock Performance

Shares of Kroger stock opened at $67.09 on Friday. The company has a current ratio of 0.95, a quick ratio of 0.54 and a debt-to-equity ratio of 1.85. The firm has a market capitalization of $44.46 billion, a P/E ratio of 17.03, a P/E/G ratio of 1.95 and a beta of 0.57. The business has a fifty day simple moving average of $67.72 and a two-hundred day simple moving average of $69.15. The Kroger Co. has a 12 month low of $55.60 and a 12 month high of $74.90.

Kroger (NYSE:KR) last announced its quarterly earnings data on Thursday, September 11th. The company reported $1.04 EPS for the quarter, beating the consensus estimate of $1.00 by $0.04. The business had revenue of $33.94 billion during the quarter, compared to analyst estimates of $34.08 billion. Kroger had a return on equity of 32.62% and a net margin of 1.86%.The company’s revenue for the quarter was up .1% on a year-over-year basis. During the same quarter last year, the firm posted $0.93 earnings per share. Kroger has set its FY 2025 guidance at 4.700-4.800 EPS. On average, equities analysts forecast that The Kroger Co. will post 4.44 earnings per share for the current fiscal year.

Kroger Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Friday, November 14th will be given a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend is Friday, November 14th. Kroger’s payout ratio is currently 35.53%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on KR. JPMorgan Chase & Co. restated a “neutral” rating and issued a $75.00 target price (down previously from $82.00) on shares of Kroger in a report on Wednesday, August 20th. Roth Capital raised shares of Kroger from a “neutral” rating to a “buy” rating and set a $75.00 price objective on the stock in a research report on Wednesday, September 17th. Roth Mkm upgraded shares of Kroger from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $66.00 to $75.00 in a report on Wednesday, September 17th. Evercore ISI decreased their price objective on shares of Kroger from $82.00 to $80.00 and set an “outperform” rating for the company in a report on Tuesday, October 14th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Kroger in a report on Saturday. Ten investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $74.50.

Kroger Profile

The Kroger Co operates as a food and drug 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.