Telsey Advisory Group reaffirmed their market perform rating on shares of Kroger (NYSE:KR) in a research report report published on Friday morning, MarketBeat reports. The firm currently has a $27.00 price objective on the stock, down from their prior price objective of $32.00.
Several other equities research analysts have also recently weighed in on KR. Stephens set a $22.00 target price on Kroger and gave the stock a hold rating in a report on Friday. Sanford C. Bernstein started coverage on Kroger in a research report on Friday. They issued a market perform rating and a $27.00 price target for the company. Loop Capital set a $28.00 price target on Kroger and gave the stock a hold rating in a research report on Wednesday, March 7th. Pivotal Research reissued a buy rating and issued a $28.00 price target (down from $32.00) on shares of Kroger in a research report on Tuesday, March 6th. Finally, Morgan Stanley reissued an equal weight rating and issued a $26.50 price target (down from $29.00) on shares of Kroger in a research report on Friday. Sixteen investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Kroger presently has an average rating of Hold and an average target price of $27.36.
Shares of Kroger (NYSE KR) opened at $23.99 on Friday. Kroger has a 1-year low of $19.69 and a 1-year high of $31.45. The firm has a market capitalization of $21,140.00, a price-to-earnings ratio of 14.28, a price-to-earnings-growth ratio of 3.90 and a beta of 1.04. The company has a debt-to-equity ratio of 1.74, a current ratio of 0.78 and a quick ratio of 0.32.
The firm also recently announced a quarterly dividend, which was paid on Thursday, March 1st. Investors of record on Thursday, February 15th were given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 2.08%. The ex-dividend date of this dividend was Wednesday, February 14th. Kroger’s dividend payout ratio is currently 29.76%.
In other news, VP Todd A. Foley sold 3,800 shares of the stock in a transaction dated Thursday, March 8th. The stock was sold at an average price of $24.43, for a total value of $92,834.00. Following the transaction, the vice president now directly owns 31,273 shares of the company’s stock, valued at $763,999.39. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Christopher T. Hjelm sold 16,530 shares of the stock in a transaction dated Tuesday, December 19th. The shares were sold at an average price of $27.00, for a total value of $446,310.00. Following the completion of the transaction, the insider now directly owns 243,784 shares in the company, valued at $6,582,168. The disclosure for this sale can be found here. Insiders have sold a total of 110,130 shares of company stock worth $3,187,062 over the last ninety days. 0.87% of the stock is currently owned by corporate insiders.
Hedge funds have recently made changes to their positions in the company. Advisory Services Network LLC increased its holdings in shares of Kroger by 297.2% in the fourth quarter. Advisory Services Network LLC now owns 3,773 shares of the company’s stock valued at $104,000 after purchasing an additional 2,823 shares during the period. Compagnie Lombard Odier SCmA acquired a new position in shares of Kroger in the fourth quarter valued at about $119,000. Bessemer Group Inc. increased its holdings in shares of Kroger by 97.2% in the fourth quarter. Bessemer Group Inc. now owns 4,980 shares of the company’s stock valued at $136,000 after purchasing an additional 2,455 shares during the period. Gradient Investments LLC acquired a new position in shares of Kroger in the fourth quarter valued at about $152,000. Finally, SeaCrest Wealth Management LLC acquired a new position in shares of Kroger in the fourth quarter valued at about $162,000. 75.78% of the stock is currently owned by institutional investors and hedge funds.
WARNING: This news story was originally posted by Sports Perspectives and is owned by of Sports Perspectives. If you are accessing this news story on another publication, it was illegally copied and republished in violation of international copyright & trademark law. The legal version of this news story can be read at https://sportsperspectives.com/2018/03/13/telsey-advisory-group-reiterates-market-perform-rating-for-kroger-kr.html.
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.
Receive News & Ratings for Kroger Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kroger and related companies with MarketBeat.com's FREE daily email newsletter.