Kroger Company (The) (NYSE:KR)‘s stock had its “hold” rating reaffirmed by investment analysts at Jefferies Group LLC in a research note issued on Friday.

Other analysts have also recently issued reports about the stock. BMO Capital Markets set a $32.00 target price on shares of Kroger Company (The) and gave the stock a “hold” rating in a research note on Saturday, June 10th. UBS AG reaffirmed a “neutral” rating and issued a $27.00 target price (down from $32.00) on shares of Kroger Company (The) in a research note on Friday, June 16th. Bank of America Corporation cut shares of Kroger Company (The) from a “buy” rating to a “neutral” rating in a research note on Thursday, June 15th. Loop Capital reaffirmed a “hold” rating and issued a $32.00 target price on shares of Kroger Company (The) in a research note on Wednesday, May 24th. Finally, Morgan Stanley cut shares of Kroger Company (The) from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $40.00 to $30.00 in a research note on Monday, June 19th. One investment analyst has rated the stock with a sell rating, eighteen have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. Kroger Company (The) has a consensus rating of “Hold” and a consensus price target of $30.09.

Kroger Company (NYSE KR) opened at 21.74 on Friday. The stock has a market cap of $19.51 billion, a PE ratio of 13.09 and a beta of 0.76. The stock has a 50 day moving average price of $23.31 and a 200-day moving average price of $27.63. Kroger Company has a one year low of $20.46 and a one year high of $36.44. Kroger Company (The) also was the recipient of unusually large options trading activity on Thursday. Stock traders bought 12,887 put options on the stock. This is an increase of 392% compared to the typical volume of 2,621 put options.

Kroger Company (The) (NYSE:KR) last released its earnings results on Thursday, June 15th. The company reported $0.58 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.58. The firm had revenue of $36.29 billion during the quarter, compared to analysts’ expectations of $35.69 billion. Kroger Company (The) had a net margin of 1.35% and a return on equity of 29.10%. Kroger Company (The)’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.70 EPS. Equities research analysts expect that Kroger Company will post $1.98 earnings per share for the current fiscal year.

Kroger Company (The) declared that its Board of Directors has approved a share repurchase program on Thursday, June 22nd that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the company to buy up to 4.9% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

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In other news, insider J Michael Schlotman acquired 2,000 shares of the business’s stock in a transaction on Monday, June 26th. The shares were purchased at an average price of $22.73 per share, for a total transaction of $45,460.00. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Susan M. Phillips sold 6,200 shares of the business’s stock in a transaction on Friday, June 16th. The stock was sold at an average price of $21.17, for a total transaction of $131,254.00. Following the completion of the transaction, the director now owns 124,105 shares in the company, valued at approximately $2,627,302.85. The disclosure for this sale can be found here. Insiders own 0.85% of the company’s stock.

Several large investors have recently modified their holdings of KR. Perennial Advisors LLC raised its stake in shares of Kroger Company (The) by 17.7% in the first quarter. Perennial Advisors LLC now owns 33,290 shares of the company’s stock worth $982,000 after buying an additional 5,015 shares during the period. Dowling & Yahnke LLC raised its stake in shares of Kroger Company (The) by 7.4% in the first quarter. Dowling & Yahnke LLC now owns 44,350 shares of the company’s stock worth $1,308,000 after buying an additional 3,050 shares during the period. Selway Asset Management bought a new stake in shares of Kroger Company (The) during the first quarter worth about $492,000. Old Mutual Global Investors UK Ltd. raised its stake in shares of Kroger Company (The) by 23,025.9% in the first quarter. Old Mutual Global Investors UK Ltd. now owns 601,274 shares of the company’s stock worth $17,731,000 after buying an additional 598,674 shares during the period. Finally, Hennessy Advisors Inc. raised its stake in shares of Kroger Company (The) by 37.8% in the first quarter. Hennessy Advisors Inc. now owns 63,800 shares of the company’s stock worth $1,881,000 after buying an additional 17,500 shares during the period. Institutional investors and hedge funds own 77.33% of the company’s stock.

Kroger Company (The) 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.

Analyst Recommendations for Kroger Company (The) (NYSE:KR)

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