Kroger Co. (NYSE:KR)‘s stock had its “buy” rating reissued by equities research analysts at Citigroup Inc. in a research report issued to clients and investors on Thursday. They currently have a $39.00 target price on the stock. Citigroup Inc.’s price target points to a potential upside of 20.74% from the company’s previous close.

KR has been the subject of a number of other reports. Barclays PLC started coverage on Kroger in a research report on Friday, September 23rd. They set an “equal weight” rating and a $33.00 target price for the company. Oppenheimer Holdings Inc. reiterated an “outperform” rating and set a $40.00 target price on shares of Kroger in a research report on Wednesday, October 5th. RBC Capital Markets reiterated a “sector perform” rating and set a $37.00 target price (down from $39.00) on shares of Kroger in a research report on Wednesday, September 7th. Guggenheim restated a “buy” rating and set a $40.00 price objective on shares of Kroger in a research report on Monday, October 31st. Finally, Argus dropped their price objective on Kroger from $45.00 to $43.00 and set a “buy” rating for the company in a research report on Monday, September 12th. Three analysts have rated the stock with a sell rating, ten have given a hold rating and fifteen have given a buy rating to the company’s stock. Kroger presently has an average rating of “Hold” and an average target price of $38.21.

Analyst Recommendations for Kroger (NYSE:KR)

Kroger (NYSE:KR) opened at 32.30 on Thursday. The company has a market cap of $30.50 billion, a PE ratio of 15.32 and a beta of 0.74. Kroger has a one year low of $28.71 and a one year high of $42.75. The firm’s 50-day moving average price is $31.92 and its 200-day moving average price is $33.33.

Kroger (NYSE:KR) last released its earnings results on Friday, September 9th. The company reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.02. The firm earned $26.60 billion during the quarter. Kroger had a return on equity of 32.52% and a net margin of 1.82%. The business’s revenue was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.44 earnings per share. On average, equities research analysts forecast that Kroger will post $2.13 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Tuesday, November 15th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Thursday, November 10th. This represents a $0.48 annualized dividend and a yield of 1.49%. Kroger’s payout ratio is currently 22.86%.

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In other Kroger news, insider Kevin M. Dougherty sold 31,000 shares of the stock in a transaction that occurred on Thursday, September 15th. The stock was sold at an average price of $31.05, for a total value of $962,550.00. Following the transaction, the insider now owns 130,857 shares in the company, valued at $4,063,109.85. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.85% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Physicians Financial Services Inc. raised its position in Kroger by 7,500.0% in the second quarter. Physicians Financial Services Inc. now owns 3,040 shares of the company’s stock worth $112,000 after buying an additional 3,000 shares in the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its position in Kroger by 32.7% in the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 3,246 shares of the company’s stock worth $119,000 after buying an additional 800 shares in the last quarter. Integrated Investment Consultants LLC raised its position in Kroger by 2.8% in the second quarter. Integrated Investment Consultants LLC now owns 3,722 shares of the company’s stock worth $137,000 after buying an additional 100 shares in the last quarter. Baldwin Brothers Inc. MA raised its position in Kroger by 212.4% in the third quarter. Baldwin Brothers Inc. MA now owns 4,052 shares of the company’s stock worth $120,000 after buying an additional 2,755 shares in the last quarter. Finally, Advisory Services Network LLC raised its position in Kroger by 289.9% in the third quarter. Advisory Services Network LLC now owns 4,238 shares of the company’s stock worth $126,000 after buying an additional 3,151 shares in the last quarter. Institutional investors and hedge funds own 75.51% of the company’s stock.

About Kroger

The Kroger Co (Kroger) operates retail food and drug stores, multi-department stores, jewelry stores and convenience stores across the United States. The Company also manufactures and processes food for sale in its supermarkets. It operates through retail operations segment. The Company operates, either directly or through its subsidiaries, approximately 2,778 retail food stores under a range of local banner names, approximately 1,387 of which have fuel centers.

5 Day Chart for NYSE:KR

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