The Kroger Co. (NYSE:KR) Shares Bought by Eubel Brady & Suttman Asset Management Inc.

Eubel Brady & Suttman Asset Management Inc. raised its holdings in The Kroger Co. (NYSE:KRFree Report) by 0.7% during the fourth quarter, Holdings Channel reports. The institutional investor owned 346,463 shares of the company’s stock after buying an additional 2,558 shares during the period. Kroger makes up about 2.1% of Eubel Brady & Suttman Asset Management Inc.’s holdings, making the stock its 24th largest position. Eubel Brady & Suttman Asset Management Inc.’s holdings in Kroger were worth $15,837,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Parallel Advisors LLC grew its holdings in shares of Kroger by 22.0% during the fourth quarter. Parallel Advisors LLC now owns 17,170 shares of the company’s stock worth $785,000 after buying an additional 3,095 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its holdings in shares of Kroger by 3.0% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 360,766 shares of the company’s stock worth $16,491,000 after buying an additional 10,524 shares during the last quarter. Skopos Labs Inc. purchased a new stake in Kroger in the 4th quarter valued at approximately $214,000. Team Hewins LLC purchased a new stake in Kroger in the 4th quarter valued at approximately $494,000. Finally, TCW Group Inc. purchased a new stake in Kroger in the 4th quarter valued at approximately $477,000. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

KR has been the topic of a number of analyst reports. Guggenheim lifted their price objective on Kroger from $60.00 to $61.00 and gave the company a “buy” rating in a report on Tuesday, March 19th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $62.00 price objective on shares of Kroger in a report on Tuesday, April 23rd. Evercore ISI lowered their price objective on Kroger from $63.00 to $62.00 and set an “outperform” rating on the stock in a report on Tuesday, April 16th. StockNews.com raised Kroger from a “buy” rating to a “strong-buy” rating in a report on Thursday, May 16th. Finally, BNP Paribas reissued an “underperform” rating and set a $48.00 price target on shares of Kroger in a research note on Monday, April 8th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $55.17.

Get Our Latest Stock Report on KR

Kroger Price Performance

Shares of Kroger stock traded down $0.32 during trading on Monday, hitting $52.99. 6,276,900 shares of the company were exchanged, compared to its average volume of 4,953,492. The company has a quick ratio of 0.36, a current ratio of 0.81 and a debt-to-equity ratio of 1.04. The Kroger Co. has a fifty-two week low of $42.10 and a fifty-two week high of $58.34. The stock has a market capitalization of $38.24 billion, a price-to-earnings ratio of 17.90, a P/E/G ratio of 2.00 and a beta of 0.49. The firm has a 50 day moving average price of $55.69 and a 200 day moving average price of $49.72.

Kroger (NYSE:KRGet Free Report) last issued its quarterly earnings data on Thursday, March 7th. The company reported $1.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.21. Kroger had a return on equity of 31.44% and a net margin of 1.44%. The firm had revenue of $37.06 billion during the quarter, compared to the consensus estimate of $37.07 billion. During the same period in the previous year, the firm posted $0.99 EPS. The company’s quarterly revenue was up 6.4% compared to the same quarter last year. On average, equities analysts expect that The Kroger Co. will post 4.43 earnings per share for the current fiscal year.

Kroger Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Saturday, June 1st. Shareholders of record on Wednesday, May 15th will be issued a $0.29 dividend. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $1.16 annualized dividend and a yield of 2.19%. Kroger’s dividend payout ratio (DPR) is presently 39.19%.

Insider Buying and Selling at Kroger

In other Kroger news, SVP Valerie L. Jabbar sold 15,000 shares of the business’s stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $55.52, for a total value of $832,800.00. Following the completion of the transaction, the senior vice president now directly owns 77,696 shares in the company, valued at approximately $4,313,681.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CFO Todd A. Foley sold 6,616 shares of the company’s stock in a transaction on Friday, April 26th. The stock was sold at an average price of $55.69, for a total transaction of $368,445.04. Following the completion of the sale, the chief financial officer now directly owns 46,958 shares in the company, valued at approximately $2,615,091.02. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Valerie L. Jabbar sold 15,000 shares of the company’s stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $55.52, for a total value of $832,800.00. Following the sale, the senior vice president now owns 77,696 shares of the company’s stock, valued at $4,313,681.92. The disclosure for this sale can be found here. In the last three months, insiders sold 55,796 shares of company stock worth $3,118,767. Insiders own 1.40% of the company’s stock.

Kroger Profile

(Free Report)

The Kroger Co operates as a food and drug retailer in the United States. The company operates combination food and drug stores, multi-department stores, marketplace stores, and price impact warehouses. 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.

See Also

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Institutional Ownership by Quarter for Kroger (NYSE:KR)

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