Kroger (NYSE:KR)‘s stock had its “market perform” rating reaffirmed by stock analysts at Telsey Advisory Group in a report released on Friday, Marketbeat Ratings reports. They currently have a $27.00 price target on the stock, down from their prior price target of $32.00. Telsey Advisory Group’s price target points to a potential upside of 12.13% from the company’s current price.
Several other research firms have also recently weighed in on KR. ValuEngine cut Kroger from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. BMO Capital Markets set a $31.00 price target on Kroger and gave the company a “hold” rating in a report on Wednesday, January 24th. Morgan Stanley raised their price target on Kroger from $28.00 to $29.00 and gave the company an “equal weight” rating in a report on Tuesday, February 6th. Citigroup raised their price target on Kroger from $30.00 to $33.00 and gave the company a “buy” rating in a report on Tuesday, December 26th. Finally, Stephens set a $29.00 price target on Kroger and gave the company a “hold” rating in a report on Tuesday, January 16th. Sixteen equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Kroger presently has an average rating of “Hold” and a consensus price target of $27.34.
Kroger (KR) traded up $1.10 during trading hours on Friday, hitting $24.08. The company had a trading volume of 22,752,305 shares, compared to its average volume of 11,208,143. The company has a debt-to-equity ratio of 1.74, a current ratio of 0.78 and a quick ratio of 0.32. Kroger has a 12-month low of $19.69 and a 12-month high of $31.45. The stock has a market capitalization of $21,223.19, a PE ratio of 11.41, a P/E/G ratio of 3.90 and a beta of 1.02.
In related news, VP Todd A. Foley sold 3,800 shares of the firm’s stock in a transaction that occurred on Thursday, March 8th. The stock was sold at an average price of $24.43, for a total transaction of $92,834.00. Following the completion of the sale, the vice president now directly owns 31,273 shares of the company’s stock, valued at approximately $763,999.39. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Christopher T. Hjelm sold 8,000 shares of the firm’s stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $30.64, for a total value of $245,120.00. Following the sale, the insider now directly owns 251,784 shares of the company’s stock, valued at $7,714,661.76. The disclosure for this sale can be found here. In the last quarter, insiders sold 110,130 shares of company stock valued at $3,187,062. Company insiders own 0.87% of the company’s stock.
Several hedge funds have recently modified their holdings of the stock. Cambridge Investment Research Advisors Inc. lifted its stake in shares of Kroger by 36.0% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 138,092 shares of the company’s stock worth $3,791,000 after acquiring an additional 36,544 shares during the last quarter. Rehmann Capital Advisory Group bought a new stake in shares of Kroger during the 4th quarter worth approximately $203,000. Xact Kapitalforvaltning AB lifted its stake in shares of Kroger by 12.4% during the 4th quarter. Xact Kapitalforvaltning AB now owns 82,693 shares of the company’s stock worth $2,270,000 after acquiring an additional 9,143 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of Kroger by 2.2% during the 4th quarter. Envestnet Asset Management Inc. now owns 276,710 shares of the company’s stock worth $7,595,000 after acquiring an additional 5,863 shares during the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its stake in shares of Kroger by 1.5% during the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 360,305 shares of the company’s stock worth $9,890,000 after acquiring an additional 5,257 shares during the last quarter. 75.78% of the stock is owned by hedge funds and other institutional investors.
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The Kroger Co (Kroger) manufactures and processes food for sale in its supermarkets. The Company operates supermarkets, multi-department stores, jewelry stores and convenience stores throughout the United States. As of January 28, 2017, it had operated approximately 4,000 owned or leased supermarkets, convenience stores, fine jewelry stores, distribution warehouses and food production plants through divisions, subsidiaries or affiliates.
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