Vetr lowered shares of Kroger Co. (NYSE:KR) from a strong-buy rating to a buy rating in a research report released on Tuesday. The brokerage currently has $33.25 price objective on the stock.
Other analysts have also issued reports about the company. Deutsche Bank AG cut their price target on Kroger from $48.00 to $41.00 and set a buy rating on the stock in a report on Friday, June 17th. Hilliard Lyons upgraded Kroger from a neutral rating to a buy rating and set a $41.00 price target on the stock in a report on Thursday, June 23rd. Citigroup Inc. restated a buy rating and issued a $44.00 price target on shares of Kroger in a report on Monday, June 20th. Goldman Sachs Group Inc. upgraded Kroger from a neutral rating to a buy rating and set a $42.00 price target on the stock in a report on Tuesday, July 26th. Finally, Argus cut their price target on Kroger from $45.00 to $43.00 and set a buy rating on the stock in a report on Monday, September 12th. Four research analysts have rated the stock with a sell rating, nine have issued a hold rating and sixteen have given a buy rating to the company. Kroger has a consensus rating of Hold and an average target price of $38.66.
Kroger (NYSE:KR) opened at 31.27 on Tuesday. Kroger has a one year low of $28.71 and a one year high of $42.75. The stock’s 50 day moving average price is $30.76 and its 200-day moving average price is $34.36. The firm has a market cap of $29.52 billion, a price-to-earnings ratio of 14.83 and a beta of 0.70.
Kroger (NYSE:KR) last posted its earnings results on Friday, September 9th. The company reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.02. The firm earned $26.60 billion during the quarter. Kroger had a return on equity of 32.52% and a net margin of 1.82%. The firm’s revenue was up 4.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.44 earnings per share. Analysts forecast that Kroger will post $2.14 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Tuesday, November 15th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.54%. The ex-dividend date is Thursday, November 10th. Kroger’s dividend payout ratio is currently 22.86%.
In other Kroger news, insider Kevin M. Dougherty sold 31,000 shares of the company’s stock in a transaction on Thursday, September 15th. The stock was sold at an average price of $31.05, for a total transaction of $962,550.00. Following the completion of the sale, the insider now directly owns 130,857 shares in the company, valued at $4,063,109.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.85% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the company. Bessemer Group Inc. boosted its stake in Kroger by 2.0% in the first quarter. Bessemer Group Inc. now owns 5,544 shares of the company’s stock valued at $212,000 after buying an additional 110 shares during the last quarter. M&T Bank Corp boosted its stake in Kroger by 2.5% in the first quarter. M&T Bank Corp now owns 189,007 shares of the company’s stock valued at $7,229,000 after buying an additional 4,567 shares during the last quarter. Aviva PLC boosted its stake in Kroger by 1.3% in the first quarter. Aviva PLC now owns 702,981 shares of the company’s stock valued at $26,889,000 after buying an additional 8,777 shares during the last quarter. AMF Pensionsforsakring AB boosted its stake in Kroger by 0.4% in the first quarter. AMF Pensionsforsakring AB now owns 1,671,081 shares of the company’s stock valued at $63,919,000 after buying an additional 7,447 shares during the last quarter. Finally, Credit Agricole S A boosted its stake in Kroger by 12.0% in the first quarter. Credit Agricole S A now owns 2,251,019 shares of the company’s stock valued at $86,102,000 after buying an additional 240,595 shares during the last quarter. Hedge funds and other institutional investors own 80.16% of the company’s stock.
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.
To view Vetr’s full report, visit Vetr’s official website.
Receive News & Ratings for Kroger Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kroger Co. and related companies with MarketBeat.com's FREE daily email newsletter.