Kroger (NYSE:KR) received a $27.00 target price from research analysts at Morgan Stanley in a report issued on Monday. The brokerage currently has a “hold” rating on the stock. Morgan Stanley’s target price would indicate a potential upside of 12.45% from the company’s previous close.
KR has been the subject of several other research reports. Sanford C. Bernstein began coverage on Kroger in a research report on Friday, March 9th. They issued a “market perform” rating and a $27.00 price target for the company. BMO Capital Markets set a $27.00 price target on Kroger and gave the stock a “hold” rating in a research report on Monday. Pivotal Research reaffirmed a “buy” rating and issued a $28.00 price target (down previously from $32.00) on shares of Kroger in a research report on Tuesday, March 6th. Goldman Sachs Group reaffirmed a “neutral” rating and issued a $22.00 price target on shares of Kroger in a research report on Tuesday, November 14th. Finally, Moffett Nathanson began coverage on Kroger in a research report on Monday, December 4th. They issued a “buy” rating for the company. Sixteen research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $27.27.
Kroger (KR) opened at $24.01 on Monday. The company has a debt-to-equity ratio of 1.74, a current ratio of 0.78 and a quick ratio of 0.32. The stock has a market capitalization of $21,160.00, a PE ratio of 14.29, a PEG ratio of 3.90 and a beta of 1.04. Kroger has a 52-week low of $19.69 and a 52-week high of $31.45.
In other Kroger news, insider Robert W. Clark sold 11,000 shares of the business’s stock in a transaction dated Monday, January 22nd. The stock was sold at an average price of $29.57, for a total transaction of $325,270.00. Following the completion of the sale, the insider now directly owns 130,780 shares in the company, valued at approximately $3,867,164.60. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Todd A. Foley sold 3,800 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at $763,999.39. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 110,130 shares of company stock valued at $3,187,062. Corporate insiders own 0.87% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in KR. Nationwide Fund Advisors grew its stake in shares of Kroger by 64.5% during the 3rd quarter. Nationwide Fund Advisors now owns 1,059,817 shares of the company’s stock valued at $21,260,000 after acquiring an additional 415,628 shares during the period. Gabelli Funds LLC grew its stake in shares of Kroger by 6.9% during the 3rd quarter. Gabelli Funds LLC now owns 233,000 shares of the company’s stock valued at $4,674,000 after acquiring an additional 15,000 shares during the period. Global X MANAGEMENT CO LLC grew its stake in shares of Kroger by 37.5% during the 3rd quarter. Global X MANAGEMENT CO LLC now owns 10,113 shares of the company’s stock valued at $203,000 after acquiring an additional 2,756 shares during the period. Sei Investments Co. grew its stake in shares of Kroger by 17.3% during the 3rd quarter. Sei Investments Co. now owns 416,486 shares of the company’s stock valued at $8,352,000 after acquiring an additional 61,528 shares during the period. Finally, Meag Munich Ergo Kapitalanlagegesellschaft MBH grew its stake in shares of Kroger by 66.3% during the 3rd quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 87,411 shares of the company’s stock valued at $1,776,000 after acquiring an additional 34,856 shares during the period. Institutional investors and hedge funds 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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