Kroger (NYSE:KR) was downgraded by equities researchers at TheStreet from a “b” rating to a “c+” rating in a report released on Monday.
A number of other analysts also recently commented on KR. Northcoast Research upgraded Kroger from a “neutral” rating to a “buy” rating in a report on Monday, November 6th. Zacks Investment Research upgraded Kroger from a “sell” rating to a “hold” rating in a report on Friday, November 10th. Goldman Sachs Group restated a “neutral” rating and set a $22.00 price objective on shares of Kroger in a report on Tuesday, November 14th. Telsey Advisory Group upped their price objective on Kroger from $24.00 to $28.00 and gave the stock a “market perform” rating in a report on Friday, December 1st. Finally, BMO Capital Markets set a $29.00 price target on Kroger and gave the company a “hold” rating in a report on Friday, December 1st. Fifteen research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. Kroger has an average rating of “Hold” and an average target price of $28.55.
Kroger (KR) opened at $28.01 on Monday. Kroger has a 52 week low of $19.69 and a 52 week high of $31.45. The firm has a market capitalization of $24,669.32, a price-to-earnings ratio of 16.67, a price-to-earnings-growth ratio of 4.44 and a beta of 1.02. The company has a current ratio of 0.85, a quick ratio of 0.31 and a debt-to-equity ratio of 2.11.
In other Kroger news, VP Michael Joseph Donnelly sold 15,400 shares of the firm’s stock in a transaction dated Thursday, December 28th. The shares were sold at an average price of $27.66, for a total value of $425,964.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Christopher T. Hjelm sold 16,530 shares of the firm’s stock in a transaction dated Tuesday, December 19th. The stock was sold at an average price of $27.00, for a total transaction of $446,310.00. Following the completion of the transaction, the insider now directly owns 243,784 shares in the company, valued at approximately $6,582,168. The disclosure for this sale can be found here. Insiders have sold 106,330 shares of company stock worth $3,094,228 in the last ninety days. Corporate insiders own 0.87% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of KR. Meag Munich Ergo Kapitalanlagegesellschaft MBH increased its stake in shares of Kroger by 66.3% during the third quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 87,411 shares of the company’s stock valued at $1,776,000 after acquiring an additional 34,856 shares during the period. Toronto Dominion Bank increased its stake in shares of Kroger by 10.0% during the third quarter. Toronto Dominion Bank now owns 347,530 shares of the company’s stock valued at $6,971,000 after acquiring an additional 31,561 shares during the period. Uncommon Cents Investing LLC acquired a new position in shares of Kroger during the fourth quarter valued at approximately $6,841,000. Private Management Group Inc. increased its stake in shares of Kroger by 14.7% during the fourth quarter. Private Management Group Inc. now owns 1,297,395 shares of the company’s stock valued at $35,614,000 after acquiring an additional 165,874 shares during the period. Finally, Point View Wealth Management Inc. increased its stake in shares of Kroger by 38.1% during the third quarter. Point View Wealth Management Inc. now owns 64,251 shares of the company’s stock valued at $1,289,000 after acquiring an additional 17,710 shares during the period. 74.75% of the stock is currently owned by hedge funds and other institutional investors.
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.