Kroger (NYSE:KR) was upgraded by analysts at Wolfe Research from an “underperform” rating to a “market perform” rating in a research report issued on Wednesday.

Other equities research analysts have also issued research reports about the company. Jefferies Group dropped their target price on Kroger from $24.00 to $19.00 and set a “hold” rating on the stock in a research report on Monday, September 11th. UBS downgraded Kroger from an “outperform” rating to a “market perform” rating in a report on Friday, September 8th. Hilliard Lyons reissued a “buy” rating and issued a $30.00 price target on shares of Kroger in a report on Tuesday, September 12th. Deutsche Bank downgraded Kroger from a “buy” rating to a “hold” rating and decreased their price target for the company from $26.00 to $21.00 in a report on Monday, September 11th. Finally, Goldman Sachs Group reissued a “neutral” rating and issued a $22.00 price target on shares of Kroger in a report on Tuesday, November 14th. Eighteen analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $28.93.

Shares of Kroger (NYSE KR) traded down $0.05 during midday trading on Wednesday, reaching $26.95. The company had a trading volume of 8,427,200 shares, compared to its average volume of 12,239,129. The stock has a market capitalization of $23,796.77, a price-to-earnings ratio of 13.92, a P/E/G ratio of 3.59 and a beta of 0.92. Kroger has a 52-week low of $19.69 and a 52-week high of $35.98. The company has a current ratio of 0.85, a quick ratio of 0.31 and a debt-to-equity ratio of 2.11.

Kroger (NYSE:KR) last issued its earnings results on Thursday, November 30th. The company reported $0.44 EPS for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.04. The firm had revenue of $27.75 billion for the quarter, compared to analyst estimates of $27.48 billion. Kroger had a return on equity of 28.60% and a net margin of 1.31%. Kroger’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.41 earnings per share. sell-side analysts anticipate that Kroger will post 2.01 earnings per share for the current year.

In related news, 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 transaction of $39,388.18. Following the completion of the sale, the vice president now directly owns 25,956 shares in the company, valued at $664,733.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jorge P. Montoya sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $26.98, for a total value of $269,800.00. Following the sale, the director now owns 108,910 shares of the company’s stock, valued at $2,938,391.80. The disclosure for this sale can be found here. Corporate insiders own 0.87% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the stock. IHT Wealth Management LLC increased its position in shares of Kroger by 122.1% during the second quarter. IHT Wealth Management LLC now owns 2,770 shares of the company’s stock worth $376,000 after purchasing an additional 1,523 shares in the last quarter. Dupont Capital Management Corp purchased a new stake in Kroger in the 2nd quarter valued at $105,000. Howe & Rusling Inc. purchased a new stake in Kroger in the 3rd quarter valued at $103,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its holdings in Kroger by 497.2% in the 2nd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 5,273 shares of the company’s stock valued at $129,000 after buying an additional 4,390 shares in the last quarter. Finally, Mountain Capital Investment Advisors Inc purchased a new stake in Kroger in the 2nd quarter valued at $128,000. Hedge funds and other institutional investors own 79.59% of the company’s stock.

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About Kroger

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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