Kroger (NYSE:KR) had its target price lifted by Citigroup from $30.00 to $33.00 in a research report issued on Tuesday. The firm currently has a “buy” rating on the stock. Citigroup’s price objective would indicate a potential upside of 16.81% from the stock’s current price.
A number of other equities research analysts also recently weighed in on KR. Pivotal Research set a $30.00 price target on Kroger and gave the company a “buy” rating in a report on Saturday, December 2nd. Oppenheimer reiterated a “hold” rating and issued a $22.00 price target on shares of Kroger in a report on Wednesday, October 4th. Jefferies Group lowered their price target on Kroger from $24.00 to $19.00 and set a “hold” rating for the company in a report on Monday, September 11th. Wolfe Research upgraded Kroger from an “underperform” rating to a “market perform” rating in a report on Wednesday, December 20th. Finally, Telsey Advisory Group boosted their price target on Kroger from $24.00 to $28.00 and gave the company a “market perform” rating in a report on Friday, December 1st. Eighteen equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. Kroger has a consensus rating of “Hold” and a consensus price target of $29.11.
Kroger (KR) traded up $0.70 during mid-day trading on Tuesday, reaching $28.25. The company’s stock had a trading volume of 10,931,700 shares, compared to its average volume of 12,224,291. 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 has a 52 week low of $19.69 and a 52 week high of $35.42. The stock has a market cap of $24,898.47, a P/E ratio of 16.82, a PEG ratio of 3.76 and a beta of 0.92.
In other Kroger news, insider Christopher T. Hjelm sold 16,530 shares of the business’s stock in a transaction on 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 owns 243,784 shares in the company, valued at approximately $6,582,168. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Carin L. Fike sold 1,538 shares of the company’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $25.61, for a total value of $39,388.18. Following the completion of the sale, the vice president now owns 25,956 shares of the company’s stock, valued at approximately $664,733.16. The disclosure for this sale can be found here. Insiders have sold a total of 28,068 shares of company stock valued at $755,498 in the last quarter. 0.87% of the stock is currently owned by insiders.
Several institutional investors have recently made changes to their positions in KR. Signature Estate & Investment Advisors LLC acquired a new stake in shares of Kroger during the first quarter worth $102,000. Howe & Rusling Inc. acquired a new stake in shares of Kroger during the third quarter worth $103,000. Dupont Capital Management Corp acquired a new stake in shares of Kroger during the second quarter worth $105,000. Advantage Investment Management LLC raised its position in shares of Kroger by 15.8% during the first quarter. Advantage Investment Management LLC now owns 3,682 shares of the company’s stock worth $109,000 after purchasing an additional 502 shares during the period. Finally, Physicians Financial Services Inc. raised its position in shares of Kroger by 7,500.0% during the second quarter. Physicians Financial Services Inc. now owns 3,040 shares of the company’s stock worth $112,000 after purchasing an additional 3,000 shares during the period. Institutional investors and hedge funds own 79.59% of the company’s stock.
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.
