Kroger Company (The) (NYSE:KR)‘s stock had its “neutral” rating reissued by analysts at Goldman Sachs Group, Inc. (The) in a note issued to investors on Tuesday. They presently have a $22.00 price objective on the stock. Goldman Sachs Group, Inc. (The)’s target price points to a potential upside of 1.80% from the company’s previous close.

Other equities research analysts have also recently issued research reports about the stock. Oppenheimer Holdings, Inc. reiterated a “buy” rating and set a $28.00 price target on shares of Kroger Company (The) in a report on Tuesday, September 5th. Deutsche Bank AG reiterated a “buy” rating and set a $26.00 price target on shares of Kroger Company (The) in a report on Tuesday, September 5th. Royal Bank Of Canada set a $34.00 price target on shares of Kroger Company (The) and gave the company a “buy” rating in a report on Monday, August 28th. Vetr cut shares of Kroger Company (The) from a “strong-buy” rating to a “buy” rating and set a $26.26 price target on the stock. in a report on Tuesday, July 25th. Finally, BidaskClub upgraded shares of Kroger Company (The) from a “hold” rating to a “buy” rating in a report on Wednesday, August 9th. Nineteen investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Hold” and an average target price of $29.10.

Shares of Kroger Company (NYSE KR) opened at $21.61 on Tuesday. Kroger Company has a fifty-two week low of $19.69 and a fifty-two week high of $36.44. The company has a current ratio of 0.87, a quick ratio of 0.33 and a debt-to-equity ratio of 2.13. The company has a market cap of $19,587.28, a P/E ratio of 11.53, a PEG ratio of 1.70 and a beta of 0.82.

Kroger Company (The) (NYSE:KR) last posted its quarterly earnings results on Friday, September 8th. The company reported $0.39 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.39. Kroger Company (The) had a net margin of 1.32% and a return on equity of 28.04%. The firm had revenue of $27.60 billion for the quarter, compared to analysts’ expectations of $27.48 billion. During the same quarter in the prior year, the company posted $0.47 earnings per share. The business’s revenue for the quarter was up 3.9% on a year-over-year basis. sell-side analysts forecast that Kroger Company will post 2 EPS for the current year.

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Hedge funds and other institutional investors have recently made changes to their positions in the company. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its stake in shares of Kroger Company (The) by 497.2% in the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 5,273 shares of the company’s stock worth $129,000 after purchasing an additional 4,390 shares in the last quarter. Frontier Investment Mgmt Co. grew its stake in Kroger Company (The) by 107.2% during the second quarter. Frontier Investment Mgmt Co. now owns 50,142 shares of the company’s stock valued at $1,169,000 after acquiring an additional 25,940 shares in the last quarter. AMG National Trust Bank grew its stake in Kroger Company (The) by 107.3% during the second quarter. AMG National Trust Bank now owns 69,867 shares of the company’s stock valued at $1,629,000 after acquiring an additional 36,164 shares in the last quarter. TIAA FSB purchased a new position in Kroger Company (The) during the second quarter valued at $3,265,000. Finally, North Star Investment Management Corp. grew its stake in Kroger Company (The) by 31.1% during the second quarter. North Star Investment Management Corp. now owns 13,443 shares of the company’s stock valued at $313,000 after acquiring an additional 3,190 shares in the last quarter. 75.06% of the stock is owned by hedge funds and other institutional investors.

About Kroger Company (The)

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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