UBS Group Raises Kroger (NYSE:KR) Price Target to $26.00
Kroger (NYSE:KR) had its price objective boosted by UBS Group from $25.00 to $26.00 in a research report released on Friday morning, BenzingaRatingsTable reports. They currently have a neutral rating on the stock.
Other analysts have also recently issued reports about the company. TheStreet cut Kroger from a b- rating to a c+ rating in a research report on Wednesday, June 5th. Pivotal Research reaffirmed a buy rating and set a $30.00 price objective (up from $26.00) on shares of Kroger in a research report on Wednesday, September 11th. ValuEngine raised Kroger from a strong sell rating to a sell rating in a research report on Thursday, August 8th. BMO Capital Markets reaffirmed a market perform rating and set a $26.00 price objective (up from $24.00) on shares of Kroger in a research report on Wednesday, September 4th. Finally, Zacks Investment Research raised Kroger from a sell rating to a hold rating and set a $26.00 price objective on the stock in a research report on Friday, May 31st. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the company. The stock has a consensus rating of Hold and an average price target of $28.06.
Kroger stock opened at $25.98 on Friday. The stock’s 50 day simple moving average is $23.45 and its two-hundred day simple moving average is $23.92. The company has a debt-to-equity ratio of 2.15, a quick ratio of 0.25 and a current ratio of 0.76. The stock has a market cap of $20.44 billion, a price-to-earnings ratio of 12.31, a PEG ratio of 1.80 and a beta of 0.56. Kroger has a fifty-two week low of $20.70 and a fifty-two week high of $31.98.
The business also recently declared a quarterly dividend, which was paid on Sunday, September 1st. Stockholders of record on Thursday, August 15th were given a $0.16 dividend. This is a boost from Kroger’s previous quarterly dividend of $0.14. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.46%. The ex-dividend date was Wednesday, August 14th. Kroger’s payout ratio is currently 30.33%.
In other news, COO Michael Joseph Donnelly sold 1,574 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $26.46, for a total value of $41,648.04. Following the sale, the chief operating officer now directly owns 324,209 shares of the company’s stock, valued at approximately $8,578,570.14. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP J Michael Schlotman sold 15,000 shares of the company’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $22.01, for a total value of $330,150.00. Following the completion of the transaction, the executive vice president now directly owns 270,655 shares in the company, valued at $5,957,116.55. The disclosure for this sale can be found here. Over the last three months, insiders sold 113,361 shares of company stock worth $2,771,324. Insiders own 1.34% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the stock. TRUE Private Wealth Advisors bought a new position in Kroger in the 2nd quarter valued at approximately $26,000. Sageworth Trust Co bought a new position in Kroger in the 2nd quarter valued at approximately $33,000. Penserra Capital Management LLC bought a new position in Kroger in the 1st quarter valued at approximately $38,000. Capital Investment Advisory Services LLC lifted its position in Kroger by 57.2% in the 2nd quarter. Capital Investment Advisory Services LLC now owns 1,787 shares of the company’s stock valued at $37,000 after acquiring an additional 650 shares in the last quarter. Finally, Farmers National Bank bought a new position in Kroger in the 1st quarter valued at approximately $46,000. 80.51% of the stock is currently owned by institutional investors and hedge funds.
Kroger Company Profile
The Kroger Co operates as a retailer in the United States. The company operates supermarkets, multi-department stores, marketplace stores, and price impact warehouse stores. Its combination food and drug stores offer natural food and organic sections, pharmacies, general merchandise, pet centers, fresh seafood, and organic produce; and multi-department stores provide apparel, home fashion and furnishings, outdoor living, electronics, automotive products, and toys.
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