StockNews.com Downgrades Kroger (NYSE:KR) to Buy

Kroger (NYSE:KRGet Free Report) was downgraded by research analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a report issued on Wednesday.

A number of other research analysts have also recently weighed in on the stock. BNP Paribas restated an “underperform” rating and set a $48.00 target price on shares of Kroger in a research note on Monday, April 8th. Evercore ISI lowered their target price on shares of Kroger from $63.00 to $62.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 16th. Telsey Advisory Group restated an “outperform” rating and set a $62.00 target price on shares of Kroger in a research note on Tuesday, April 23rd. Guggenheim lifted their price target on shares of Kroger from $60.00 to $61.00 and gave the company a “buy” rating in a report on Tuesday, March 19th. Finally, Wells Fargo & Company upgraded shares of Kroger from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $58.00 to $65.00 in a report on Tuesday, April 16th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $55.17.

View Our Latest Analysis on Kroger

Kroger Trading Up 0.7 %

Shares of Kroger stock opened at $50.52 on Wednesday. The company’s fifty day simple moving average is $54.25 and its 200-day simple moving average is $50.42. The stock has a market capitalization of $36.46 billion, a PE ratio of 17.07, a P/E/G ratio of 1.95 and a beta of 0.43. Kroger has a 1-year low of $42.10 and a 1-year high of $58.34. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.81 and a quick ratio of 0.36.

Insider Activity

In other news, VP Carin L. Fike sold 3,929 shares of the stock in a transaction that occurred 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 transaction, the vice president now directly owns 3,768 shares in the company, valued at $214,889.04. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, VP Carin L. Fike sold 3,929 shares of the stock in a transaction that occurred 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 sale, the vice president now owns 3,768 shares of the company’s stock, valued at $214,889.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Valerie L. Jabbar sold 15,000 shares of the stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $55.52, for a total transaction of $832,800.00. Following the sale, the senior vice president now directly owns 77,696 shares of the company’s stock, valued at approximately $4,313,681.92. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 55,796 shares of company stock worth $3,118,767. Corporate insiders own 1.40% of the company’s stock.

Institutional Trading of Kroger

Several hedge funds and other institutional investors have recently added to or reduced their stakes in KR. International Assets Investment Management LLC grew its position in shares of Kroger by 4,810.7% in the fourth quarter. International Assets Investment Management LLC now owns 567,829 shares of the company’s stock valued at $25,955,000 after purchasing an additional 556,266 shares during the period. Royal London Asset Management Ltd. raised its stake in shares of Kroger by 4.3% in the 3rd quarter. Royal London Asset Management Ltd. now owns 284,094 shares of the company’s stock valued at $12,715,000 after acquiring an additional 11,707 shares during the period. Franklin Resources Inc. raised its stake in shares of Kroger by 23.3% in the 4th quarter. Franklin Resources Inc. now owns 1,380,764 shares of the company’s stock valued at $63,115,000 after acquiring an additional 261,368 shares during the period. Cerity Partners LLC raised its stake in shares of Kroger by 12.5% in the 4th quarter. Cerity Partners LLC now owns 156,275 shares of the company’s stock valued at $7,143,000 after acquiring an additional 17,380 shares during the period. Finally, Unigestion Holding SA acquired a new position in shares of Kroger in the fourth quarter valued at approximately $671,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

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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Analyst Recommendations for Kroger (NYSE:KR)

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