Janney Montgomery Scott LLC Raises Position in Kroger Co (KR)
Janney Montgomery Scott LLC increased its stake in shares of Kroger Co (NYSE:KR) by 45.1% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 78,519 shares of the company’s stock after acquiring an additional 24,390 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Kroger were worth $1,575,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. IHT Wealth Management LLC lifted its position in Kroger by 122.1% during the second quarter. IHT Wealth Management LLC now owns 2,770 shares of the company’s stock valued at $376,000 after purchasing an additional 1,523 shares during the last quarter. Dupont Capital Management Corp bought a new position in Kroger during the second quarter valued at $105,000. Howe & Rusling Inc. bought a new position in Kroger during the third quarter valued at $103,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its position in Kroger by 497.2% during the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 5,273 shares of the company’s stock valued at $129,000 after purchasing an additional 4,390 shares during the last quarter. Finally, Mountain Capital Investment Advisors Inc bought a new position in Kroger during the second quarter valued at $128,000. Hedge funds and other institutional investors own 79.59% of the company’s stock.
Several research firms have commented on KR. Pivotal Research set a $30.00 price objective on shares of Kroger and gave the company a “buy” rating in a research report on Saturday, December 2nd. Oppenheimer reiterated a “hold” rating and set a $22.00 price objective on shares of Kroger in a research report on Wednesday, October 4th. Jefferies Group lowered their price objective on shares of Kroger from $24.00 to $19.00 and set a “hold” rating for the company in a research report on Monday, September 11th. Telsey Advisory Group increased their price objective on shares of Kroger from $24.00 to $28.00 and gave the company a “market perform” rating in a research report on Friday, December 1st. Finally, UBS reiterated a “neutral” rating and set a $24.00 price objective on shares of Kroger in a research report on Wednesday, September 6th. Seventeen research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $28.93.
Shares of Kroger Co (KR) opened at $26.95 on Wednesday. The stock has a market cap of $23,796.77, a PE ratio of 13.92, a PEG ratio of 3.59 and a beta of 0.92. 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 Co has a twelve month low of $19.69 and a twelve month high of $35.98.
Kroger (NYSE:KR) last released its earnings results on Thursday, November 30th. The company reported $0.44 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.04. The firm had revenue of $27.75 billion during the quarter, compared to analyst estimates of $27.48 billion. Kroger had a net margin of 1.31% and a return on equity of 28.60%. The business’s revenue was up 4.5% on a year-over-year basis. During the same quarter last year, the business earned $0.41 EPS. research analysts expect that Kroger Co will post 2.01 earnings per share for the current fiscal year.
ILLEGAL ACTIVITY WARNING: “Janney Montgomery Scott LLC Raises Position in Kroger Co (KR)” was first published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this report on another site, it was stolen and reposted in violation of United States and international trademark and copyright law. The legal version of this report can be viewed at https://www.thecerbatgem.com/2017/12/20/janney-montgomery-scott-llc-raises-position-in-kroger-co-kr.html.
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.
Want to see what other hedge funds are holding KR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kroger Co (NYSE:KR).
Receive News & Ratings for Kroger Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kroger and related companies with MarketBeat.com's FREE daily email newsletter.