Insight Wealth Strategies LLC Takes $3.41 Million Position in The Kroger Co. $KR

Insight Wealth Strategies LLC bought a new position in shares of The Kroger Co. (NYSE:KR) during the fourth quarter, Holdings Channel.com reports. The fund bought 54,550 shares of the company’s stock, valued at approximately $3,408,000.

A number of other hedge funds have also recently bought and sold shares of KR. Avalon Trust Co acquired a new position in shares of Kroger during the third quarter valued at about $29,000. JPL Wealth Management LLC bought a new position in Kroger during the third quarter valued at about $31,000. Vermillion & White Wealth Management Group LLC lifted its position in shares of Kroger by 87.8% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 445 shares of the company’s stock worth $32,000 after acquiring an additional 208 shares during the period. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of Kroger during the 2nd quarter worth approximately $33,000. Finally, Westside Investment Management Inc. increased its position in shares of Kroger by 100.0% during the third quarter. Westside Investment Management Inc. now owns 490 shares of the company’s stock valued at $33,000 after purchasing an additional 245 shares during the period. 80.93% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have weighed in on KR. Evercore set a $77.00 price target on shares of Kroger and gave the stock an “outperform” rating in a research note on Friday, December 5th. Barclays reiterated a “positive” rating on shares of Kroger in a research report on Monday, February 9th. Wall Street Zen cut shares of Kroger from a “buy” rating to a “hold” rating in a research note on Saturday, December 27th. BMO Capital Markets reiterated a “market perform” rating and issued a $70.00 price objective on shares of Kroger in a research note on Thursday, March 5th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Kroger in a report on Monday, December 29th. Eight equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $74.56.

Kroger Stock Performance

NYSE KR opened at $73.26 on Thursday. The firm has a market cap of $46.36 billion, a price-to-earnings ratio of 47.88, a PEG ratio of 1.97 and a beta of 0.62. The company has a 50 day moving average of $67.24 and a 200-day moving average of $66.14. The company has a current ratio of 0.80, a quick ratio of 0.42 and a debt-to-equity ratio of 2.66. The Kroger Co. has a 1-year low of $58.60 and a 1-year high of $76.58.

Kroger (NYSE:KR) last announced its earnings results on Thursday, March 5th. The company reported $1.28 EPS for the quarter, topping the consensus estimate of $1.20 by $0.08. The business had revenue of $34.73 billion for the quarter, compared to the consensus estimate of $35.10 billion. Kroger had a return on equity of 41.08% and a net margin of 0.69%.Kroger’s revenue was up 1.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.14 EPS. Kroger has set its FY 2026 guidance at 5.100-5.300 EPS. On average, equities analysts forecast that The Kroger Co. will post 4.44 earnings per share for the current fiscal year.

Kroger Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Friday, May 15th will be paid a $0.35 dividend. The ex-dividend date of this dividend is Friday, May 15th. This represents a $1.40 dividend on an annualized basis and a yield of 1.9%. Kroger’s payout ratio is currently 91.50%.

Kroger Profile

The Kroger Co (NYSE: KR) is one of the largest supermarket operators in the United States, offering a wide range of retail grocery and related services. Founded in Cincinnati in 1883 by Bernard Kroger, the company operates a portfolio of supermarket and multi-department store banners and provides customers with fresh foods, packaged groceries, deli and bakery items, meat and seafood, produce, and prepared foods. Kroger’s stores commonly include pharmacy services and fuel centers, positioning the company as a broad-based neighborhood retail destination for everyday needs.

In addition to traditional in-store retailing, Kroger manufactures and distributes a variety of private-label brands and operates its own food production and supply-chain facilities.