Kroger Co (NYSE:KR) Given Average Rating of “Hold” by Brokerages

Shares of Kroger Co (NYSE:KR) have earned an average recommendation of “Hold” from the twenty-three ratings firms that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, eleven have issued a hold recommendation and nine have issued a buy recommendation on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $27.35.

A number of equities analysts have recently issued reports on KR shares. Pivotal Research reiterated a “buy” rating and set a $30.00 target price (up from $26.00) on shares of Kroger in a research report on Wednesday, September 11th. Citigroup reduced their target price on shares of Kroger from $30.00 to $21.00 and set a “buy” rating on the stock in a research report on Tuesday, September 24th. Bank of America set a $28.00 target price on shares of Kroger and gave the stock a “buy” rating in a research report on Friday, September 13th. UBS Group upped their target price on shares of Kroger from $25.00 to $26.00 and gave the stock a “neutral” rating in a research report on Friday, September 13th. Finally, Jefferies Financial Group lowered shares of Kroger from a “buy” rating to a “hold” rating and reduced their target price for the stock from $29.00 to $26.00 in a research report on Thursday, October 10th.

Shares of NYSE:KR traded up $0.26 on Monday, hitting $27.01. 7,336,575 shares of the company were exchanged, compared to its average volume of 8,635,637. The company has a debt-to-equity ratio of 2.15, a quick ratio of 0.27 and a current ratio of 0.76. The firm has a market capitalization of $21.57 billion, a price-to-earnings ratio of 12.80, a PEG ratio of 1.93 and a beta of 0.56. Kroger has a one year low of $20.70 and a one year high of $30.75. The company’s 50 day moving average price is $25.26 and its two-hundred day moving average price is $23.94.

Kroger (NYSE:KR) last issued its quarterly earnings data on Thursday, September 12th. The company reported $0.44 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.03. The firm had revenue of $28.17 billion for the quarter, compared to analysts’ expectations of $28.34 billion. Kroger had a net margin of 1.36% and a return on equity of 21.17%. The company’s quarterly revenue was up .5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.41 earnings per share. Research analysts predict that Kroger will post 2.19 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, December 1st. Investors of record on Friday, November 15th will be issued a $0.16 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $0.64 annualized dividend and a yield of 2.37%. Kroger’s dividend payout ratio is currently 30.33%.

In other Kroger news, EVP J Michael Schlotman sold 68,187 shares of the stock in a transaction on Friday, September 13th. The shares were sold at an average price of $26.02, for a total value of $1,774,225.74. Following the sale, the executive vice president now directly owns 295,160 shares in the company, valued at $7,680,063.20. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO Michael Joseph Donnelly sold 1,574 shares of the stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $26.46, for a total transaction of $41,648.04. Following the completion of the sale, the chief operating officer now owns 324,209 shares in the company, valued at $8,578,570.14. The disclosure for this sale can be found here. Insiders sold 134,323 shares of company stock worth $3,537,389 over the last 90 days. 1.34% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. TRUE Private Wealth Advisors acquired a new stake in shares of Kroger during the 2nd quarter worth about $26,000. Sageworth Trust Co acquired a new stake in shares of Kroger during the 2nd quarter worth about $33,000. Venturi Wealth Management LLC acquired a new stake in shares of Kroger during the 3rd quarter worth about $40,000. Prime Capital Investment Advisors LLC acquired a new stake in shares of Kroger during the 3rd quarter worth about $41,000. Finally, Delta Asset Management LLC TN lifted its stake in shares of Kroger by 35.8% during the 3rd quarter. Delta Asset Management LLC TN now owns 1,630 shares of the company’s stock worth $42,000 after buying an additional 430 shares during the last quarter. Institutional investors own 79.90% 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.

Further Reading: Day Trading

Analyst Recommendations for Kroger (NYSE:KR)

Receive News & Ratings for Kroger Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kroger and related companies with MarketBeat.com's FREE daily email newsletter.