Kroger (NYSE:KR) Rating Lowered to C+ at TheStreet

Kroger (NYSE:KR) was downgraded by analysts at TheStreet from a “b-” rating to a “c+” rating in a research report issued on Wednesday, June 5th, TheStreetRatingsTable reports.

Other research analysts have also issued reports about the stock. Scotiabank set a $32.00 price target on shares of Kroger and gave the company a “buy” rating in a report on Friday, March 8th. Zacks Investment Research raised shares of Kroger from a “hold” rating to a “buy” rating and set a $31.00 price target for the company in a report on Tuesday, February 5th. Bank of America reduced their target price on shares of Kroger from $37.00 to $30.00 and set a “buy” rating for the company in a research note on Wednesday, May 29th. Morgan Stanley reduced their target price on shares of Kroger from $27.00 to $26.00 and set an “equal weight” rating for the company in a research note on Friday, March 8th. Finally, ValuEngine raised shares of Kroger from a “sell” rating to a “hold” rating in a research note on Thursday, April 11th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and eight have given a buy rating to the company. Kroger has an average rating of “Hold” and a consensus price target of $29.05.

Shares of KR traded up $0.32 during mid-day trading on Wednesday, reaching $21.71. The company had a trading volume of 10,567,163 shares, compared to its average volume of 11,492,470. The company’s fifty day simple moving average is $23.75. Kroger has a fifty-two week low of $21.30 and a fifty-two week high of $32.74. The company has a debt-to-equity ratio of 2.16, a quick ratio of 0.25 and a current ratio of 0.75. The firm has a market capitalization of $17.25 billion, a PE ratio of 10.29, a price-to-earnings-growth ratio of 1.51 and a beta of 0.71.

Kroger (NYSE:KR) last released its quarterly earnings results on Thursday, June 20th. The company reported $0.72 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.71 by $0.01. Kroger had a net margin of 1.54% and a return on equity of 21.79%. The firm had revenue of $37.25 billion for the quarter, compared to the consensus estimate of $37.27 billion. During the same quarter in the previous year, the firm posted $0.73 EPS. The firm’s quarterly revenue was down 1.2% on a year-over-year basis. On average, equities research analysts expect that Kroger will post 2.18 EPS for the current fiscal year.

In other Kroger news, EVP Christopher T. Hjelm sold 16,000 shares of the business’s stock in a transaction that occurred on Thursday, April 18th. The shares were sold at an average price of $25.80, for a total value of $412,800.00. Following the completion of the sale, the executive vice president now directly owns 282,429 shares of the company’s stock, valued at $7,286,668.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Michael Joseph Donnelly sold 10,916 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $25.83, for a total transaction of $281,960.28. Following the completion of the sale, the vice president now directly owns 351,095 shares of the company’s stock, valued at $9,068,783.85. The disclosure for this sale can be found here. Insiders have sold 28,416 shares of company stock worth $732,575 over the last ninety days. 1.34% of the stock is currently owned by insiders.

Large investors have recently added to or reduced their stakes in the stock. Teacher Retirement System of Texas grew its holdings in shares of Kroger by 35.3% in the 4th quarter. Teacher Retirement System of Texas now owns 2,890,189 shares of the company’s stock worth $79,480,000 after purchasing an additional 754,495 shares during the last quarter. Financial Advocates Investment Management grew its holdings in shares of Kroger by 359.2% in the 4th quarter. Financial Advocates Investment Management now owns 19,895 shares of the company’s stock worth $398,000 after purchasing an additional 15,562 shares during the last quarter. Retirement Systems of Alabama grew its holdings in shares of Kroger by 181.7% in the 1st quarter. Retirement Systems of Alabama now owns 1,034,762 shares of the company’s stock worth $25,455,000 after purchasing an additional 667,370 shares during the last quarter. LSV Asset Management grew its holdings in Kroger by 1.8% during the 1st quarter. LSV Asset Management now owns 20,412,468 shares of the company’s stock worth $502,146,000 after acquiring an additional 361,800 shares during the last quarter. Finally, Norges Bank bought a new stake in Kroger during the 4th quarter worth about $221,584,000. Hedge funds and other institutional investors own 80.10% of the company’s stock.

About Kroger

The Kroger Co operates as a retailer in the United States. The company operates supermarkets, multi-department stores, marketplace stores, and price impact warehouse stores. Its combination food and drug stores offer natural food and organic sections, pharmacies, general merchandise, pet centers, fresh seafood, and organic produce; and multi-department stores provide apparel, home fashion and furnishings, outdoor living, electronics, automotive products, and toys.

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Analyst Recommendations for Kroger (NYSE:KR)

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