Texas Capital Bank Wealth Management Services Inc acquired a new position in shares of The Kroger Co. (NYSE:KR – Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 12,358 shares of the company’s stock, valued at approximately $686,000.
Other large investors have also modified their holdings of the company. BlackRock Inc. purchased a new stake in Kroger during the 2nd quarter worth about $3,016,956,000. Norges Bank acquired a new position in shares of Kroger during the fourth quarter worth about $470,561,000. Bank of New York Mellon Corp purchased a new position in Kroger in the 2nd quarter worth approximately $195,234,000. Deutsche Bank AG acquired a new stake in Kroger during the 2nd quarter valued at $119,723,000. Finally, Worldquant Millennium Advisors LLC increased its stake in Kroger by 299.6% during the 2nd quarter. Worldquant Millennium Advisors LLC now owns 2,420,495 shares of the company’s stock worth $173,622,000 after buying an additional 1,814,721 shares during the period. 80.93% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several research firms have issued reports on KR. Erste Group Bank downgraded Kroger from a “buy” rating to a “hold” rating in a report on Monday, April 27th. Guggenheim reaffirmed a “buy” rating and set a $71.00 target price on shares of Kroger in a report on Thursday, July 2nd. HC Wainwright reiterated a “buy” rating on shares of Kroger in a research report on Thursday, July 2nd. Royal Bank Of Canada reiterated an “outperform” rating on shares of Kroger in a report on Monday, June 1st. Finally, JPMorgan Chase & Co. dropped their price target on Kroger from $72.00 to $70.00 and set a “neutral” rating on the stock in a research report on Thursday, June 11th. Ten analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $72.00.
Key Kroger News
Here are the key news stories impacting Kroger this week:
- Positive Sentiment: Kroger is preparing to open a new grocery store in Lenoir City, Tennessee. The expansion could support local sales and underscores the company’s continued investment in its store network. New Kroger grocery store coming to Lenoir City
Kroger Price Performance
Shares of NYSE:KR opened at $56.15 on Tuesday. The company has a quick ratio of 0.39, a current ratio of 0.79 and a debt-to-equity ratio of 2.43. The Kroger Co. has a fifty-two week low of $54.15 and a fifty-two week high of $76.58. The firm has a 50-day simple moving average of $58.47 and a 200 day simple moving average of $64.88. The company has a market cap of $34.40 billion, a PE ratio of 33.03, a P/E/G ratio of 1.52 and a beta of 0.43.
Kroger (NYSE:KR – Get Free Report) last released its quarterly earnings data on Thursday, June 18th. The company reported $1.58 earnings per share for the quarter, missing the consensus estimate of $1.59 by ($0.01). Kroger had a return on equity of 44.33% and a net margin of 0.71%.The business had revenue of $46.12 billion for the quarter, compared to analyst estimates of $45.59 billion. During the same quarter last year, the company earned $1.49 EPS. Kroger’s revenue was up 2.2% compared to the same quarter last year. Kroger has set its FY 2026 guidance at 5.100-5.30 EPS. On average, sell-side analysts anticipate that The Kroger Co. will post 5.21 EPS for the current year.
Kroger Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Saturday, August 15th will be given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date is Friday, August 14th. This is a positive change from Kroger’s previous quarterly dividend of $0.35. Kroger’s payout ratio is currently 91.76%.
Kroger Company Profile
The Kroger Co (NYSE: KR) is one of the largest supermarket operators in the United States, offering a wide range of retail grocery and related services. Founded in Cincinnati in 1883 by Bernard Kroger, the company operates a portfolio of supermarket and multi-department store banners and provides customers with fresh foods, packaged groceries, deli and bakery items, meat and seafood, produce, and prepared foods. Kroger’s stores commonly include pharmacy services and fuel centers, positioning the company as a broad-based neighborhood retail destination for everyday needs.
In addition to traditional in-store retailing, Kroger manufactures and distributes a variety of private-label brands and operates its own food production and supply-chain facilities.
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