Kroger (NYSE:KR) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Kroger (NYSE:KRFree Report) from a hold rating to a buy rating in a research report report published on Saturday morning.

KR has been the subject of several other reports. Morgan Stanley set a $73.00 price target on Kroger and gave the stock an “equal weight” rating in a research note on Thursday, March 5th. Wells Fargo & Company lowered Kroger from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $70.00 to $68.00 in a research note on Wednesday, February 25th. Barclays restated a “positive” rating on shares of Kroger in a research note on Monday, February 9th. Deutsche Bank Aktiengesellschaft upgraded Kroger from a “hold” rating to a “buy” rating and set a $75.00 price target for the company in a research note on Thursday, January 8th. Finally, Citigroup upped their price target on Kroger from $68.00 to $71.00 and gave the stock a “neutral” rating in a research note on Monday, March 9th. Nine equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $74.56.

View Our Latest Report on Kroger

Kroger Stock Performance

Kroger stock opened at $72.96 on Friday. The firm has a market capitalization of $44.69 billion, a P/E ratio of 47.68, a PEG ratio of 1.92 and a beta of 0.55. The stock has a fifty day moving average price of $69.84 and a 200 day moving average price of $66.57. Kroger has a 52 week low of $58.60 and a 52 week high of $76.58. The company has a current ratio of 0.80, a quick ratio of 0.42 and a debt-to-equity ratio of 2.66.

Kroger (NYSE:KRGet Free Report) last released its earnings results on Thursday, March 5th. The company reported $1.28 EPS for the quarter, beating the consensus estimate of $1.20 by $0.08. The firm had revenue of $34.73 billion during the quarter, compared to analyst estimates of $35.10 billion. Kroger had a return on equity of 41.08% and a net margin of 0.69%.The business’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.14 earnings per share. Kroger has set its FY 2026 guidance at 5.100-5.300 EPS. Equities research analysts anticipate that Kroger will post 4.44 earnings per share for the current year.

Kroger Announces Dividend

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

Institutional Investors Weigh In On Kroger

A number of large investors have recently modified their holdings of the stock. Financial Engines Advisors L.L.C. grew its stake in shares of Kroger by 4.5% in the fourth quarter. Financial Engines Advisors L.L.C. now owns 3,537 shares of the company’s stock valued at $221,000 after buying an additional 153 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in shares of Kroger by 1.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 10,747 shares of the company’s stock valued at $674,000 after buying an additional 162 shares in the last quarter. WESPAC Advisors LLC grew its stake in shares of Kroger by 1.2% in the third quarter. WESPAC Advisors LLC now owns 13,585 shares of the company’s stock valued at $916,000 after buying an additional 167 shares in the last quarter. WPG Advisers LLC grew its stake in shares of Kroger by 16.8% in the third quarter. WPG Advisers LLC now owns 1,160 shares of the company’s stock valued at $78,000 after buying an additional 167 shares in the last quarter. Finally, Community Bank & Trust Waco Texas grew its stake in shares of Kroger by 0.9% in the third quarter. Community Bank & Trust Waco Texas now owns 18,846 shares of the company’s stock valued at $1,270,000 after buying an additional 173 shares in the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Trending Headlines about Kroger

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Kroger Company Profile

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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.

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Analyst Recommendations for Kroger (NYSE:KR)

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