Moffett Nathanson started coverage on shares of Kroger (NYSE:KR) in a research report sent to investors on Monday morning, Marketbeat Ratings reports. The firm issued a buy rating on the stock.
Several other analysts have also issued reports on the stock. Jefferies Group restated a hold rating on shares of Kroger in a research report on Friday, August 25th. BidaskClub lowered shares of Kroger from a buy rating to a hold rating in a research report on Thursday, August 17th. Wells Fargo & Company restated an outperform rating and issued a $26.00 price target on shares of Kroger in a research report on Friday, November 3rd. Zacks Investment Research lowered shares of Kroger from a hold rating to a strong sell rating in a research report on Monday, October 16th. Finally, Goldman Sachs Group restated a neutral rating and issued a $22.00 price target on shares of Kroger in a research report on Tuesday, November 14th. Eighteen investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Kroger has a consensus rating of Hold and an average target price of $29.16.
Kroger (KR) opened at $26.41 on Monday. The company has a market cap of $23,323.27, a price-to-earnings ratio of 13.52, a P/E/G ratio of 3.46 and a beta of 0.92. Kroger has a twelve month low of $19.69 and a twelve month high of $36.44. The company has a quick ratio of 0.31, a current ratio of 0.85 and a debt-to-equity ratio of 2.11.
Kroger (NYSE:KR) last announced its earnings results on Thursday, November 30th. The company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.40 by $0.04. The firm had revenue of $27.75 billion for the quarter, compared to the consensus estimate of $27.48 billion. Kroger had a net margin of 1.31% and a return on equity of 28.60%. The business’s quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.41 EPS. analysts expect that Kroger will post 2.02 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Wednesday, November 15th were paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date of this dividend was Tuesday, November 14th. Kroger’s dividend payout ratio is presently 29.76%.
In related news, Director Jorge P. Montoya sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $26.98, for a total transaction of $269,800.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Carin L. Fike sold 1,538 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $25.61, for a total transaction of $39,388.18. Following the sale, the vice president now directly owns 25,956 shares of the company’s stock, valued at $664,733.16. The disclosure for this sale can be found here. Insiders own 0.85% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of KR. IHT Wealth Management LLC grew its holdings in Kroger by 122.1% during the second quarter. IHT Wealth Management LLC now owns 2,770 shares of the company’s stock valued at $376,000 after purchasing an additional 1,523 shares during the period. Dupont Capital Management Corp acquired a new position in shares of Kroger in the second quarter valued at approximately $105,000. Howe & Rusling Inc. acquired a new position in shares of Kroger in the third quarter valued at approximately $103,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its holdings in shares of Kroger by 497.2% in the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 5,273 shares of the company’s stock valued at $129,000 after buying an additional 4,390 shares during the period. Finally, Mountain Capital Investment Advisors Inc acquired a new position in shares of Kroger in the second quarter valued at approximately $128,000. 79.10% of the stock is owned by institutional investors and hedge funds.
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Kroger Company Profile
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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