The Kroger Co. (NYSE:KR) Receives $53.45 Average Target Price from Brokerages

The Kroger Co. (NYSE:KRGet Free Report) has been assigned an average rating of “Hold” from the seven ratings firms that are currently covering the company, Marketbeat.com reports. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $53.45.

Several equities analysts have commented on the company. Morgan Stanley lowered their price target on Kroger from $48.00 to $46.00 and set an “equal weight” rating on the stock in a report on Friday, December 1st. Wells Fargo & Company upgraded Kroger from an “underweight” rating to an “equal weight” rating and increased their price target for the company from $42.00 to $50.00 in a report on Tuesday, February 27th. TheStreet upgraded shares of Kroger from a “c+” rating to a “b” rating in a research note on Thursday, November 30th. JPMorgan Chase & Co. lowered their price objective on shares of Kroger from $54.00 to $53.00 and set an “overweight” rating on the stock in a research note on Friday, December 1st. Finally, Telsey Advisory Group raised their price objective on shares of Kroger from $55.00 to $60.00 and gave the stock an “outperform” rating in a research note on Friday, March 8th.

Get Our Latest Research Report on Kroger

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of KR. Dagco Inc. bought a new position in shares of Kroger during the fourth quarter valued at $26,000. KB Financial Partners LLC bought a new position in shares of Kroger during the first quarter valued at $28,000. Creekmur Asset Management LLC bought a new position in shares of Kroger in the fourth quarter valued at about $26,000. OFI Invest Asset Management bought a new position in shares of Kroger in the third quarter valued at about $25,000. Finally, SouthState Corp raised its holdings in shares of Kroger by 334.3% in the fourth quarter. SouthState Corp now owns 595 shares of the company’s stock valued at $27,000 after buying an additional 458 shares during the last quarter. 78.98% of the stock is owned by institutional investors.

Kroger Trading Up 1.0 %

NYSE:KR opened at $56.06 on Monday. The stock’s 50 day moving average price is $48.07 and its 200 day moving average price is $45.95. Kroger has a 52 week low of $42.10 and a 52 week high of $56.44. The company has a market capitalization of $40.33 billion, a P/E ratio of 18.94, a P/E/G ratio of 2.61 and a beta of 0.46. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.36 and a current ratio of 0.81.

Kroger (NYSE:KRGet Free Report) last announced its quarterly earnings results on Thursday, March 7th. The company reported $1.34 EPS for the quarter, beating the consensus estimate of $1.13 by $0.21. Kroger had a return on equity of 31.44% and a net margin of 1.44%. The company had revenue of $37.06 billion for the quarter, compared to the consensus estimate of $37.07 billion. During the same quarter last year, the company posted $0.99 earnings per share. The company’s revenue for the quarter was up 6.4% compared to the same quarter last year. On average, research analysts forecast that Kroger will post 4.44 EPS for the current fiscal year.

Kroger Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Saturday, June 1st. Investors of record on Wednesday, May 15th will be given a $0.29 dividend. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $1.16 annualized dividend and a yield of 2.07%. Kroger’s dividend payout ratio (DPR) is currently 39.19%.

Kroger Company Profile

(Get Free Report

The Kroger Co operates as a food and drug retailer in the United States. The company operates combination food and drug stores, multi-department stores, marketplace stores, and price impact warehouses. Its combination food and drug stores offer natural food and organic sections, pharmacies, general merchandise, pet centers, fresh seafood, and organic produce; and multi-department stores provide apparel, home fashion and furnishings, outdoor living, electronics, automotive products, and toys.

Further Reading

Analyst Recommendations for Kroger (NYSE:KR)

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