Kroger (KR) Earning Favorable News Coverage, Analysis Finds

News articles about Kroger (NYSE:KR) have trended positive on Saturday, according to Alpha One Sentiment. The research firm, a unit of Accern, scores the sentiment of press coverage by reviewing more than 20 million blog and news sources in real-time. Alpha One ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Kroger earned a daily sentiment score of 0.34 on Alpha One’s scale. Alpha One also gave news articles about the company an impact score of 82 out of 100, indicating that recent press coverage is very likely to have an effect on the company’s share price in the next several days.

These are some of the news articles that may have effected AlphaOne Sentiment Analysis’s scoring:

A number of equities research analysts have recently issued reports on the company. Loop Capital started coverage on Kroger in a research report on Monday, May 15th. They issued a “hold” rating and a $32.00 price target for the company. BMO Capital Markets set a $35.00 price objective on Kroger and gave the stock a “hold” rating in a research report on Saturday, March 4th. Vetr lowered Kroger from a “strong-buy” rating to a “buy” rating and set a $33.46 price objective for the company. in a research report on Wednesday, May 10th. Royal Bank of Canada reiterated a “buy” rating and issued a $37.00 price objective on shares of Kroger in a research report on Friday, May 12th. Finally, Barclays PLC reiterated an “equal weight” rating and issued a $33.00 price objective on shares of Kroger in a research report on Tuesday, February 28th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twelve have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $36.05.

Shares of Kroger (NYSE:KR) opened at 29.23 on Friday. Kroger has a 52 week low of $28.29 and a 52 week high of $37.97. The firm has a market capitalization of $26.72 billion, a PE ratio of 14.26 and a beta of 0.78. The stock has a 50 day moving average price of $29.56 and a 200 day moving average price of $31.89.

Kroger (NYSE:KR) last released its quarterly earnings data on Thursday, March 2nd. The company reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.01. The company had revenue of $27.61 billion during the quarter, compared to the consensus estimate of $27.31 billion. Kroger had a net margin of 1.77% and a return on equity of 31.48%. The firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period last year, the firm earned $0.57 EPS. Equities analysts forecast that Kroger will post $2.19 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 1st. Stockholders of record on Monday, May 15th will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.65%. The ex-dividend date of this dividend is Thursday, May 11th. Kroger’s payout ratio is 23.08%.

In related news, insider Michael Joseph Donnelly sold 17,600 shares of Kroger stock in a transaction dated Wednesday, May 10th. The shares were sold at an average price of $30.01, for a total transaction of $528,176.00. Following the completion of the transaction, the insider now directly owns 249,208 shares of the company’s stock, valued at approximately $7,478,732.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Todd A. Foley sold 11,000 shares of Kroger stock in a transaction dated Friday, March 3rd. The shares were sold at an average price of $29.53, for a total transaction of $324,830.00. Following the transaction, the vice president now directly owns 24,014 shares of the company’s stock, valued at $709,133.42. The disclosure for this sale can be found here. Insiders have sold a total of 85,604 shares of company stock valued at $2,559,544 over the last ninety days. 0.85% of the stock is owned by insiders.

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Kroger Company Profile

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.

12 Month Chart for NYSE:KR

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