Allworth Financial LP Acquires 1,879 Shares of The Kroger Co. $KR

Allworth Financial LP increased its stake in The Kroger Co. (NYSE:KR) by 5.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 36,589 shares of the company’s stock after purchasing an additional 1,879 shares during the period. Allworth Financial LP’s holdings in Kroger were worth $2,625,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. SOA Wealth Advisors LLC. increased its holdings in shares of Kroger by 6,840.0% in the 2nd quarter. SOA Wealth Advisors LLC. now owns 347 shares of the company’s stock worth $25,000 after buying an additional 342 shares during the last quarter. Accent Capital Management LLC bought a new stake in shares of Kroger during the 1st quarter worth $25,000. Atlantic Union Bankshares Corp purchased a new position in Kroger in the second quarter worth $28,000. Rossby Financial LCC bought a new position in Kroger in the second quarter valued at $29,000. Finally, Whipplewood Advisors LLC increased its stake in Kroger by 10,425.0% in the second quarter. Whipplewood Advisors LLC now owns 421 shares of the company’s stock valued at $30,000 after acquiring an additional 417 shares during the last quarter. 80.93% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

KR has been the subject of several research analyst reports. Guggenheim reaffirmed a “buy” rating and set a $78.00 price target on shares of Kroger in a research note on Friday, September 12th. JPMorgan Chase & Co. reissued a “neutral” rating and set a $75.00 price objective (down from $82.00) on shares of Kroger in a report on Wednesday, August 20th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $82.00 target price on shares of Kroger in a research note on Thursday, September 11th. Evercore ISI reduced their price target on shares of Kroger from $82.00 to $80.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 14th. Finally, Argus set a $85.00 price target on shares of Kroger in a research note on Thursday, September 18th. Ten equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $74.50.

Kroger Stock Performance

Kroger stock opened at $65.43 on Thursday. 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 cap of $43.36 billion, a P/E ratio of 16.61, a P/E/G ratio of 1.92 and a beta of 0.55. The Kroger Co. has a 1-year low of $57.08 and a 1-year high of $74.90. The firm has a 50-day moving average of $66.60 and a 200-day moving average of $68.72.

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

Kroger Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Friday, November 14th will be issued a $0.35 dividend. The ex-dividend date is Friday, November 14th. This represents a $1.40 dividend on an annualized basis and a yield of 2.1%. Kroger’s dividend payout ratio is 35.53%.

Kroger Company 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.