Kroger Company (The) (KR) Stock Rating Lowered by Deutsche Bank AG

Kroger Company (The) (NYSE:KR) was downgraded by equities researchers at Deutsche Bank AG from a “buy” rating to a “hold” rating in a research note issued on Monday. They currently have a $21.00 price objective on the stock, down from their prior price objective of $26.00. Deutsche Bank AG’s price objective points to a potential downside of 2.69% from the stock’s current price.

KR has been the topic of several other reports. Jefferies Group LLC restated a “hold” rating on shares of Kroger Company (The) in a report on Friday, August 25th. Loop Capital began coverage on Kroger Company (The) in a report on Monday, May 15th. They set a “hold” rating and a $32.00 price objective on the stock. BidaskClub downgraded Kroger Company (The) from a “buy” rating to a “hold” rating in a report on Thursday, August 17th. TheStreet downgraded Kroger Company (The) from a “b” rating to a “c+” rating in a report on Thursday, June 15th. Finally, Wells Fargo & Company reiterated an “outperform” rating and issued a $28.00 price target on shares of Kroger Company (The) in a report on Sunday, July 2nd. One research analyst has rated the stock with a sell rating, nineteen have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $28.58.

Kroger Company (KR) opened at 21.58 on Monday. The stock has a market capitalization of $19.36 billion, a price-to-earnings ratio of 12.99 and a beta of 0.79. The firm has a 50-day moving average of $23.07 and a 200 day moving average of $26.72. Kroger Company has a 52 week low of $20.41 and a 52 week high of $36.44.

Kroger Company (The) (NYSE:KR) last posted its quarterly earnings data on Friday, September 8th. The company reported $0.39 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.39. Kroger Company (The) had a return on equity of 28.04% and a net margin of 1.32%. The company had revenue of $27.60 billion for the quarter, compared to the consensus estimate of $27.48 billion. During the same period in the previous year, the business earned $0.47 EPS. Kroger Company (The)’s revenue for the quarter was up 3.9% compared to the same quarter last year. On average, analysts anticipate that Kroger Company will post $1.97 EPS for the current year.

Kroger Company (The) announced that its Board of Directors has approved a stock repurchase plan on Thursday, June 22nd that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the company to repurchase up to 4.9% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

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In other Kroger Company (The) news, insider J Michael Schlotman purchased 2,000 shares of the company’s stock in a transaction that occurred on Monday, June 26th. The shares were purchased at an average cost of $22.73 per share, with a total value of $45,460.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Susan M. Phillips sold 6,200 shares of the company’s stock in a transaction on Friday, June 16th. The shares were sold at an average price of $21.17, for a total value of $131,254.00. Following the transaction, the director now directly owns 124,105 shares in the company, valued at $2,627,302.85. The disclosure for this sale can be found here. Corporate insiders own 0.87% of the company’s stock.

A number of large investors have recently bought and sold shares of KR. Dupont Capital Management Corp acquired a new position in Kroger Company (The) during the second quarter valued at $105,000. Advantage Investment Management LLC raised its position in Kroger Company (The) by 15.8% during the first quarter. Advantage Investment Management LLC now owns 3,682 shares of the company’s stock valued at $109,000 after buying an additional 502 shares during the period. Cedar Wealth Management LLC raised its position in Kroger Company (The) by 155.9% during the second quarter. Cedar Wealth Management LLC now owns 4,990 shares of the company’s stock valued at $116,000 after buying an additional 3,040 shares during the period. CWM LLC raised its position in Kroger Company (The) by 1,162.2% during the second quarter. CWM LLC now owns 5,213 shares of the company’s stock valued at $122,000 after buying an additional 4,800 shares during the period. Finally, Grove Bank & Trust raised its position in Kroger Company (The) by 9.3% during the second quarter. Grove Bank & Trust now owns 5,287 shares of the company’s stock valued at $124,000 after buying an additional 450 shares during the period. 74.63% of the stock is currently owned by hedge funds and other institutional investors.

Kroger Company (The) 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.

Analyst Recommendations for Kroger Company (The) (NYSE:KR)

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