Kroger (NYSE:KR) had its price objective hoisted by analysts at Morgan Stanley from $28.00 to $29.00 in a note issued to investors on Tuesday. The brokerage currently has an “equal weight” rating on the stock. Morgan Stanley’s price target points to a potential upside of 0.83% from the stock’s previous close.

A number of other research firms have also recently commented on KR. Northcoast Research upgraded Kroger from a “neutral” rating to a “buy” rating in a research report on Monday, November 6th. Oppenheimer restated a “hold” rating and issued a $26.00 price target on shares of Kroger in a report on Monday, December 4th. Citigroup lifted their price target on Kroger from $30.00 to $33.00 and gave the company a “buy” rating in a report on Tuesday, December 26th. Zacks Investment Research cut Kroger from a “buy” rating to a “hold” rating in a report on Wednesday, January 3rd. Finally, ValuEngine cut Kroger from a “buy” rating to a “hold” rating in a report on Friday. Seventeen research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. Kroger currently has an average rating of “Hold” and a consensus target price of $29.52.

Kroger (NYSE KR) traded up $0.29 during trading hours on Tuesday, hitting $28.76. The stock had a trading volume of 1,930,093 shares, compared to its average volume of 10,125,264. The firm has a market cap of $25,859.16, a P/E ratio of 17.12, a PEG ratio of 4.89 and a beta of 0.95. Kroger has a fifty-two week low of $19.69 and a fifty-two week high of $34.75. 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 (NYSE:KR) last posted its quarterly earnings data on Thursday, November 30th. The company reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.04. The firm had revenue of $27.75 billion during the quarter, compared to analysts’ expectations of $27.48 billion. Kroger had a return on equity of 28.60% and a net margin of 1.31%. The firm’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.41 EPS. equities analysts forecast that Kroger will post 2.04 EPS for the current year.

In related news, insider Christopher T. Hjelm sold 8,000 shares of the business’s stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $30.64, for a total transaction of $245,120.00. Following the transaction, the insider now directly owns 251,784 shares of the company’s stock, valued at approximately $7,714,661.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Carin L. Fike sold 1,538 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $25.61, for a total value of $39,388.18. Following the transaction, the vice president now directly owns 25,956 shares in the company, valued at $664,733.16. The disclosure for this sale can be found here. Insiders sold a total of 117,868 shares of company stock worth $3,403,416 over the last ninety days. Corporate insiders own 0.87% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in KR. Thrivent Financial For Lutherans lifted its position in Kroger by 3.0% during the 2nd quarter. Thrivent Financial For Lutherans now owns 34,850 shares of the company’s stock worth $813,000 after acquiring an additional 1,000 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Kroger by 3.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,870,501 shares of the company’s stock worth $66,939,000 after acquiring an additional 95,123 shares in the last quarter. AHL Partners LLP lifted its position in Kroger by 396.8% during the 2nd quarter. AHL Partners LLP now owns 39,901 shares of the company’s stock worth $931,000 after acquiring an additional 31,869 shares in the last quarter. Shelton Capital Management acquired a new position in Kroger during the 2nd quarter worth approximately $214,000. Finally, Cornerstone Capital Management Holdings LLC. lifted its position in Kroger by 22.6% during the 2nd quarter. Cornerstone Capital Management Holdings LLC. now owns 227,402 shares of the company’s stock worth $5,302,000 after acquiring an additional 41,881 shares in the last quarter. 79.59% of the stock is currently owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for Kroger (NYSE:KR)

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