180 Wealth Advisors LLC Takes Position in The Kroger Co. $KR

180 Wealth Advisors LLC bought a new stake in The Kroger Co. (NYSE:KR) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 19,421 shares of the company’s stock, valued at approximately $1,309,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. SOA Wealth Advisors LLC. raised its holdings in Kroger by 6,840.0% in the 2nd quarter. SOA Wealth Advisors LLC. now owns 347 shares of the company’s stock valued at $25,000 after acquiring an additional 342 shares during the last quarter. Atlantic Union Bankshares Corp acquired a new stake in Kroger during the 2nd quarter worth approximately $28,000. Rossby Financial LCC purchased a new position in Kroger in the second quarter valued at approximately $29,000. Whipplewood Advisors LLC grew its stake in Kroger by 10,425.0% during the second quarter. Whipplewood Advisors LLC now owns 421 shares of the company’s stock worth $30,000 after buying an additional 417 shares during the period. Finally, Vermillion & White Wealth Management Group LLC increased its position in shares of Kroger by 87.8% in the second quarter. Vermillion & White Wealth Management Group LLC now owns 445 shares of the company’s stock worth $32,000 after acquiring an additional 208 shares in the last quarter. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Guggenheim reiterated a “buy” rating and issued a $78.00 price target on shares of Kroger in a report on Wednesday, November 19th. Wall Street Zen downgraded Kroger from a “buy” rating to a “hold” rating in a report on Saturday. Morgan Stanley set a $72.00 price target on Kroger and gave the stock an “equal weight” rating in a report on Monday, December 8th. Argus set a $85.00 price objective on shares of Kroger in a research note on Thursday, September 18th. Finally, Wells Fargo & Company reissued an “overweight” rating and set a $70.00 target price (down from $78.00) on shares of Kroger in a research report on Thursday, December 4th. Eight analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Kroger currently has a consensus rating of “Hold” and a consensus target price of $74.13.

Kroger Stock Performance

KR stock opened at $63.24 on Monday. The stock has a market capitalization of $40.02 billion, a PE ratio of 58.55, a price-to-earnings-growth ratio of 1.77 and a beta of 0.58. The company has a debt-to-equity ratio of 2.28, a current ratio of 0.88 and a quick ratio of 0.45. The company has a 50 day moving average price of $65.01 and a 200 day moving average price of $67.75. The Kroger Co. has a fifty-two week low of $58.12 and a fifty-two week high of $74.90.

Kroger (NYSE:KR) last released its earnings results on Thursday, December 4th. The company reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $1.03 by $0.02. The company had revenue of $33.86 billion during the quarter, compared to the consensus estimate of $34.27 billion. Kroger had a return on equity of 38.06% and a net margin of 0.54%.The firm’s quarterly revenue was up .7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.98 earnings per share. Kroger has set its FY 2025 guidance at 4.750-4.800 EPS. Analysts forecast that The Kroger Co. will post 4.44 EPS for the current year.

About Kroger

The Kroger Co (NYSE: KR) is one of the largest supermarket operators in the United States, offering a wide range of retail grocery and related services. Founded in Cincinnati in 1883 by Bernard Kroger, the company operates a portfolio of supermarket and multi-department store banners and provides customers with fresh foods, packaged groceries, deli and bakery items, meat and seafood, produce, and prepared foods. Kroger’s stores commonly include pharmacy services and fuel centers, positioning the company as a broad-based neighborhood retail destination for everyday needs.

In addition to traditional in-store retailing, Kroger manufactures and distributes a variety of private-label brands and operates its own food production and supply-chain facilities.