A number of research firms have changed their ratings and price targets for Kroger (NYSE: KR):

  • 3/7/2017 – Kroger was downgraded by analysts at Northcoast Research from a “buy” rating to a “neutral” rating.
  • 3/6/2017 – Kroger was downgraded by analysts at Hilliard Lyons to a “buy” rating.
  • 3/5/2017 – Kroger was given a new $35.00 price target on by analysts at Deutsche Bank AG. They now have a “buy” rating on the stock.
  • 3/4/2017 – Kroger was given a new $35.00 price target on by analysts at BMO Capital Markets. They now have a “hold” rating on the stock.
  • 3/3/2017 – Kroger had its “hold” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $30.00 price target on the stock.
  • 3/3/2017 – Kroger had its price target lowered by analysts at BMO Capital Markets from $35.00 to $34.00. They now have a “market perform” rating on the stock.
  • 3/3/2017 – Kroger was downgraded by analysts at Goldman Sachs Group Inc from a “conviction-buy” rating to a “buy” rating.
  • 3/3/2017 – Kroger had its price target lowered by analysts at Argus from $43.00 to $40.00. They now have a “buy” rating on the stock.
  • 3/3/2017 – Kroger had its price target lowered by analysts at Pivotal Research from $35.00 to $32.00. They now have a “hold” rating on the stock.
  • 3/3/2017 – Kroger had its “buy” rating reaffirmed by analysts at Wells Fargo & Co. They wrote, “We are lowering our FY17/FY18 EPS estimates by $0.06/$0.07 to $2.20/$2.37 and reducing our valuation range by $3 to $35-36 (or 16x our CY17 EPS estimate). Reiterate Outperform.  KR faces on-going price competition, but ability to reduce costs is notable. KR’s ID sales shortfall (-0.7%) was disappointing, but not entirely unexpected given the impacts of deflation (-1.3% vs. -1.1% in Q2), accelerated price initiatives and the removal of 35 high performance remodels from the comp base (a -70bps headwind). Incremental pricing drove gross margins (ex: fuel) down 29bps (vs. -3bps in Q3), which likely continues into 1H of FY17. Operating expense improvement was notable (-40bps vs. our -10bps), and an encouraging sign that KR is able and willing to remove costs to improve profitability. This element provides some comfort that FY17 guidance is achievable and a return to 8-11% EPS growth over time is possible.””
  • 3/2/2017 – Kroger was given a new $33.00 price target on by analysts at Credit Suisse Group AG. They now have a “hold” rating on the stock.
  • 3/1/2017 – Kroger was downgraded by analysts at Vetr from a “strong-buy” rating to a “buy” rating. They now have a $34.57 price target on the stock.
  • 2/28/2017 – Kroger had its “buy” rating reaffirmed by analysts at Guggenheim. They now have a $40.00 price target on the stock.
  • 2/28/2017 – Kroger had its “equal weight” rating reaffirmed by analysts at Barclays PLC. They now have a $33.00 price target on the stock.
  • 2/22/2017 – Kroger had its “outperform” rating reaffirmed by analysts at Oppenheimer Holdings Inc.. They now have a $38.00 price target on the stock, up previously from $36.00.
  • 2/20/2017 – Kroger was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “A dominant position among the nation’s largest grocery retailers enables Kroger to sustain sales growth, expand store base and boost market share. This is well reflected from the stock’s performance in the past six months, when it outperformed the Zacks Categorized industry. We believe there remain enormous opportunities to augment identical supermarket sales, alleviate gross margin pressure and improve operating margin. In our view, Kroger’s long term earnings per share growth rate target of 8% to 11% seem achievable. However, stiff competition, deflationary environment and cautious consumer spending are making things tough for Kroger. The company succumbed to a negative earnings surprise in the third quarter, following an earnings beat in the preceding two quarters of fiscal 2016. The tough operating environment compelled management to narrow its fiscal 2016 earnings projection and provide a bleak outlook for fiscal 2017.”
  • 2/13/2017 – Kroger was downgraded by analysts at Vetr from a “strong-buy” rating to a “buy” rating. They now have a $37.30 price target on the stock.
  • 2/7/2017 – Kroger was upgraded by analysts at Vetr from a “buy” rating to a “strong-buy” rating. They now have a $37.30 price target on the stock.
  • 1/19/2017 – Kroger had its “neutral” rating reaffirmed by analysts at Credit Suisse Group AG. They now have a $33.00 price target on the stock, up previously from $29.00.

Shares of Kroger Co (NYSE:KR) traded down 1.22% on Monday, hitting $29.19. 8,659,874 shares of the stock traded hands. Kroger Co has a 1-year low of $28.29 and a 1-year high of $39.22. The stock has a 50 day moving average of $31.91 and a 200-day moving average of $32.29. The stock has a market cap of $26.97 billion, a PE ratio of 14.24 and a beta of 0.78.

Kroger (NYSE:KR) last issued its earnings results on Thursday, March 2nd. The company reported $0.53 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.01. The company earned $27.61 billion during the quarter, compared to analyst estimates of $27.31 billion. Kroger had a return on equity of 31.48% and a net margin of 1.77%. The firm’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter last year, the business posted $0.57 EPS. On average, equities research analysts expect that Kroger Co will post $2.19 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 1st. Investors of record on Monday, May 15th will be paid a $0.12 dividend. The ex-dividend date is Thursday, May 11th. This represents a $0.48 dividend on an annualized basis and a yield of 1.64%. Kroger’s dividend payout ratio (DPR) is 23.08%.

In related news, VP Todd A. Foley sold 11,000 shares of the firm’s stock in a transaction on Friday, March 3rd. The stock was sold at an average price of $29.53, for a total value of $324,830.00. Following the completion of the transaction, the vice president now owns 24,014 shares in the company, valued at approximately $709,133.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.85% of the company’s stock.

The Kroger Co operates retail food and drug stores, multi-department stores, jewelry stores and convenience stores across the United States. The Company operates through retail operations segment. It also manufactures and processes food for sale in its supermarkets. Its supermarkets operate under various formats, such as combination food and drug stores (combo stores), multi-department stores, marketplace stores or price impact warehouses.

5 Day Chart for NYSE:KR

Receive News & Ratings for Kroger Co Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kroger Co and related companies with MarketBeat.com's FREE daily email newsletter.