Kroger (NYSE:KR) has been given a $27.00 price target by equities researchers at BMO Capital Markets in a report issued on Monday. The firm currently has a “hold” rating on the stock. BMO Capital Markets’ price objective indicates a potential upside of 12.97% from the stock’s previous close.
Several other research firms also recently commented on KR. Citigroup lifted their price target on shares of Kroger from $30.00 to $33.00 and gave the stock a “buy” rating in a research note on Tuesday, December 26th. Oppenheimer reissued a “hold” rating and set a $26.00 price target on shares of Kroger in a research note on Monday, December 4th. Zacks Investment Research downgraded shares of Kroger from a “buy” rating to a “hold” rating in a research note on Wednesday, January 3rd. TheStreet downgraded shares of Kroger from a “b” rating to a “c+” rating in a research note on Monday, March 5th. Finally, ValuEngine downgraded shares of Kroger from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Sixteen research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $27.34.
Kroger (NYSE:KR) opened at $23.90 on Monday. The company has a market cap of $21,223.19, a P/E ratio of 11.33, a price-to-earnings-growth ratio of 3.90 and a beta of 1.02. Kroger has a one year low of $19.69 and a one year high of $31.45. The company has a debt-to-equity ratio of 1.74, a quick ratio of 0.32 and a current ratio of 0.78.
In related news, VP Todd A. Foley sold 3,800 shares of Kroger stock in a transaction on Thursday, March 8th. The shares were sold at an average price of $24.43, for a total value of $92,834.00. Following the sale, the vice president now owns 31,273 shares in the company, valued at $763,999.39. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Michael Joseph Donnelly sold 15,400 shares of Kroger stock in a transaction on Thursday, December 28th. The shares were sold at an average price of $27.66, for a total transaction of $425,964.00. Following the completion of the sale, the chief operating officer now owns 290,353 shares in the company, valued at approximately $8,031,163.98. The disclosure for this sale can be found here. In the last quarter, insiders sold 110,130 shares of company stock worth $3,187,062. 0.87% of the stock is currently owned by company insiders.
Hedge funds have recently made changes to their positions in the company. Advisory Services Network LLC boosted its holdings in shares of Kroger by 297.2% during the 4th quarter. Advisory Services Network LLC now owns 3,773 shares of the company’s stock valued at $104,000 after buying an additional 2,823 shares in the last quarter. Compagnie Lombard Odier SCmA bought a new stake in shares of Kroger during the 4th quarter valued at $119,000. Bessemer Group Inc. boosted its holdings in shares of Kroger by 97.2% during the 4th quarter. Bessemer Group Inc. now owns 4,980 shares of the company’s stock valued at $136,000 after buying an additional 2,455 shares in the last quarter. Gradient Investments LLC bought a new stake in shares of Kroger during the 4th quarter valued at $152,000. Finally, Clear Perspective Advisors LLC bought a new stake in shares of Kroger during the 3rd quarter valued at $160,000. Hedge funds and other institutional investors own 75.78% of the company’s stock.
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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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