Kroger (KR) Stock Rating Lowered by ValuEngine

ValuEngine downgraded shares of Kroger (NYSE:KR) from a buy rating to a hold rating in a research note published on Friday morning.

A number of other equities analysts have also commented on the company. BMO Capital Markets set a $31.00 price objective on Kroger and gave the stock a hold rating in a research note on Wednesday, January 24th. Stephens set a $29.00 price objective on Kroger and gave the stock a hold rating in a research note on Tuesday, January 16th. Jefferies Group raised Kroger from a hold rating to a buy rating and boosted their price objective for the stock from $26.98 to $33.00 in a research note on Friday, January 5th. Zacks Investment Research lowered Kroger from a buy rating to a hold rating in a research note on Wednesday, January 3rd. Finally, TheStreet raised Kroger from a c+ rating to a b rating in a research note on Wednesday, December 27th. Seventeen analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Kroger currently has an average rating of Hold and a consensus price target of $29.57.

Kroger (KR) opened at $28.47 on Friday. The company has a debt-to-equity ratio of 2.11, a current ratio of 0.85 and a quick ratio of 0.31. The company has a market capitalization of $25,859.16, a price-to-earnings ratio of 15.12, a price-to-earnings-growth ratio of 4.89 and a beta of 0.95. Kroger has a one year low of $19.69 and a one year high of $34.75.

Kroger (NYSE:KR) last posted its quarterly earnings data on Thursday, November 30th. The company reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.04. The company had revenue of $27.75 billion for the quarter, compared to analyst estimates of $27.48 billion. Kroger had a return on equity of 28.60% and a net margin of 1.31%. The business’s revenue was up 4.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.41 earnings per share. sell-side analysts expect that Kroger will post 2.04 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Thursday, February 15th will be paid a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 1.76%. The ex-dividend date of this dividend is Wednesday, February 14th. Kroger’s payout ratio is 29.76%.

In other Kroger news, Director Jorge P. Montoya sold 10,000 shares of the stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $26.98, for a total value of $269,800.00. Following the completion of the sale, the director now directly owns 108,910 shares in the company, valued at $2,938,391.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Michael Joseph Donnelly sold 40,000 shares of the stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $30.64, for a total value of $1,225,600.00. Following the completion of the sale, the vice president now owns 319,124 shares of the company’s stock, valued at $9,777,959.36. The disclosure for this sale can be found here. Insiders sold 117,868 shares of company stock worth $3,403,416 in the last three months. Insiders own 0.87% of the company’s stock.

Several institutional investors have recently made changes to their positions in KR. Howe & Rusling Inc. bought a new stake in shares of Kroger in the third quarter worth about $103,000. Mountain Capital Investment Advisors Inc bought a new stake in shares of Kroger in the second quarter worth about $128,000. Bessemer Group Inc. increased its holdings in shares of Kroger by 97.2% in the fourth quarter. Bessemer Group Inc. now owns 4,980 shares of the company’s stock worth $136,000 after acquiring an additional 2,455 shares in the last quarter. Archford Capital Strategies LLC increased its holdings in shares of Kroger by 38,135.3% in the second quarter. Archford Capital Strategies LLC now owns 13,000 shares of the company’s stock worth $139,000 after acquiring an additional 12,966 shares in the last quarter. Finally, Balentine LLC increased its holdings in shares of Kroger by 1,263.2% in the second quarter. Balentine LLC now owns 6,380 shares of the company’s stock worth $149,000 after acquiring an additional 5,912 shares in the last quarter. Institutional investors own 79.59% of the company’s stock.

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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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Analyst Recommendations for Kroger (NYSE:KR)

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