Kroger Co. (NYSE:KR) was upgraded by research analysts at Vetr from a “sell” rating to a “hold” rating in a research report issued on Monday. The firm currently has a $32.92 price objective on the stock. Vetr‘s target price points to a potential downside of 1.64% from the stock’s previous close.

A number of other analysts have also recently weighed in on KR. Goldman Sachs Group Inc. raised shares of Kroger from a “neutral” rating to a “buy” rating and set a $42.00 target price on the stock in a report on Tuesday, July 26th. Credit Suisse Group AG reissued a “hold” rating and set a $34.00 target price on shares of Kroger in a report on Thursday, July 28th. Wolfe Research cut shares of Kroger from a “peer perform” rating to an “underperform” rating in a report on Thursday, July 28th. BMO Capital Markets cut shares of Kroger from an “outperform” rating to a “market perform” rating and increased their price objective for the stock from $34.01 to $35.00 in a report on Tuesday, August 2nd. Finally, Wells Fargo & Co. reaffirmed an “outperform” rating on shares of Kroger in a report on Thursday, August 4th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and fifteen have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $38.28.

Analyst Recommendations for Kroger (NYSE:KR)

Shares of Kroger (NYSE:KR) opened at 33.47 on Monday. The stock has a market cap of $31.60 billion, a P/E ratio of 15.87 and a beta of 0.74. Kroger has a one year low of $28.71 and a one year high of $42.75. The stock has a 50 day moving average of $31.45 and a 200 day moving average of $33.38.

Kroger (NYSE:KR) last issued its earnings results on Friday, September 9th. The company reported $0.47 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.45 by $0.02. The company had revenue of $26.60 billion for the quarter. Kroger had a net margin of 1.82% and a return on equity of 32.52%. The firm’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same period last year, the company posted $0.44 earnings per share. Equities analysts expect that Kroger will post $2.13 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Tuesday, November 15th will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.43%. The ex-dividend date of this dividend is Thursday, November 10th. Kroger’s payout ratio is presently 22.86%.

In related news, insider Kevin M. Dougherty sold 31,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 15th. The shares were sold at an average price of $31.05, for a total transaction of $962,550.00. Following the transaction, the insider now owns 130,857 shares of the company’s stock, valued at $4,063,109.85. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.85% of the company’s stock.

A number of institutional investors have recently made changes to their positions in KR. NEXT Financial Group Inc increased its position in shares of Kroger by 3.5% in the second quarter. NEXT Financial Group Inc now owns 5,464 shares of the company’s stock valued at $201,000 after buying an additional 187 shares during the period. Patten & Patten Inc. TN increased its position in shares of Kroger by 41.0% in the second quarter. Patten & Patten Inc. TN now owns 40,281 shares of the company’s stock valued at $1,482,000 after buying an additional 11,706 shares during the period. Osborn Rohs Williams & Donohoe Ltd increased its position in shares of Kroger by 0.5% in the second quarter. Osborn Rohs Williams & Donohoe Ltd now owns 103,449 shares of the company’s stock valued at $3,806,000 after buying an additional 487 shares during the period. Integrated Investment Consultants LLC increased its position in shares of Kroger by 2.8% in the second quarter. Integrated Investment Consultants LLC now owns 3,722 shares of the company’s stock valued at $137,000 after buying an additional 100 shares during the period. Finally, First Financial Bank N.A. Trust Division increased its position in shares of Kroger by 0.9% in the second quarter. First Financial Bank N.A. Trust Division now owns 39,594 shares of the company’s stock valued at $1,457,000 after buying an additional 340 shares during the period. Institutional investors own 79.23% of the company’s stock.

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Kroger Company Profile

The Kroger Co (Kroger) operates retail food and drug stores, multi-department stores, jewelry stores and convenience stores across the United States. The Company also manufactures and processes food for sale in its supermarkets. It operates through retail operations segment. The Company operates, either directly or through its subsidiaries, approximately 2,778 retail food stores under a range of local banner names, approximately 1,387 of which have fuel centers.

5 Day Chart for NYSE:KR

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