Kroger (NYSE:KR) PT Lowered to $58.00 at JPMorgan Chase & Co.

Kroger (NYSE:KRFree Report) had its price target trimmed by JPMorgan Chase & Co. from $60.00 to $58.00 in a report released on Friday morning, Benzinga reports. The brokerage currently has an overweight rating on the stock.

Other equities analysts also recently issued research reports about the company. Wells Fargo & Company upgraded Kroger from an equal weight rating to an overweight rating and upped their target price for the company from $58.00 to $65.00 in a report on Tuesday, April 16th. BNP Paribas reiterated an underperform rating and issued a $48.00 target price on shares of Kroger in a research report on Monday, April 8th. Telsey Advisory Group restated an outperform rating and set a $62.00 price target on shares of Kroger in a report on Monday, June 17th. BMO Capital Markets upgraded Kroger from a market perform rating to an outperform rating and increased their price objective for the stock from $58.00 to $60.00 in a report on Tuesday, June 18th. Finally, StockNews.com lowered Kroger from a strong-buy rating to a buy rating in a research report on Thursday. One investment analyst has rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of Moderate Buy and an average target price of $56.20.

Read Our Latest Report on KR

Kroger Stock Down 0.1 %

KR stock opened at $50.21 on Friday. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.86 and a quick ratio of 0.36. The firm has a market capitalization of $36.24 billion, a P/E ratio of 17.14, a P/E/G ratio of 1.90 and a beta of 0.43. Kroger has a 52-week low of $42.10 and a 52-week high of $58.34. The company’s 50 day simple moving average is $53.65 and its 200-day simple moving average is $50.79.

Kroger (NYSE:KRGet Free Report) last posted its quarterly earnings data on Thursday, June 20th. The company reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.10. The firm had revenue of $45.27 billion for the quarter, compared to analysts’ expectations of $44.86 billion. Kroger had a net margin of 1.43% and a return on equity of 29.89%. The company’s quarterly revenue was up .2% compared to the same quarter last year. During the same period in the previous year, the company posted $1.51 EPS. As a group, equities research analysts anticipate that Kroger will post 4.43 EPS for the current year.

Insider Activity at Kroger

In other Kroger news, VP Carin L. Fike sold 3,929 shares of the business’s stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $57.03, for a total transaction of $224,070.87. Following the completion of the transaction, the vice president now owns 3,768 shares of the company’s stock, valued at approximately $214,889.04. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Kroger news, VP Carin L. Fike sold 3,929 shares of Kroger stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $57.03, for a total value of $224,070.87. Following the transaction, the vice president now directly owns 3,768 shares of the company’s stock, valued at approximately $214,889.04. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Todd A. Foley sold 6,616 shares of the company’s stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $55.69, for a total value of $368,445.04. Following the transaction, the chief financial officer now owns 46,958 shares of the company’s stock, valued at $2,615,091.02. The disclosure for this sale can be found here. In the last three months, insiders have sold 55,796 shares of company stock worth $3,118,767. 1.40% of the stock is owned by insiders.

Institutional Trading of Kroger

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Hengehold Capital Management LLC grew its holdings in shares of Kroger by 1.4% during the 1st quarter. Hengehold Capital Management LLC now owns 13,626 shares of the company’s stock worth $778,000 after purchasing an additional 185 shares in the last quarter. Dorsey & Whitney Trust CO LLC boosted its stake in Kroger by 2.8% during the first quarter. Dorsey & Whitney Trust CO LLC now owns 6,922 shares of the company’s stock worth $395,000 after buying an additional 190 shares in the last quarter. W Advisors LLC boosted its stake in Kroger by 0.6% during the first quarter. W Advisors LLC now owns 32,876 shares of the company’s stock worth $1,878,000 after buying an additional 191 shares in the last quarter. Csenge Advisory Group increased its holdings in Kroger by 4.3% in the 1st quarter. Csenge Advisory Group now owns 4,610 shares of the company’s stock valued at $263,000 after buying an additional 191 shares during the period. Finally, Global Financial Private Client LLC raised its stake in shares of Kroger by 1.2% in the 1st quarter. Global Financial Private Client LLC now owns 17,112 shares of the company’s stock valued at $975,000 after buying an additional 196 shares in the last quarter. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Kroger Company Profile

(Get 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.

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