Kroger (NYSE:KR) Stock Rating Lowered by StockNews.com

Kroger (NYSE:KRGet Free Report) was downgraded by analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a note issued to investors on Wednesday.

A number of other analysts have also recently weighed in on KR. Telsey Advisory Group reiterated an “outperform” rating and issued a $62.00 price target on shares of Kroger in a research report on Tuesday, April 23rd. Wells Fargo & Company upgraded Kroger from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $58.00 to $65.00 in a report on Tuesday, April 16th. Evercore ISI lowered their target price on Kroger from $63.00 to $62.00 and set an “outperform” rating for the company in a research note on Tuesday, April 16th. BNP Paribas restated an “underperform” rating and issued a $48.00 target price on shares of Kroger in a research note on Monday, April 8th. Finally, Guggenheim raised their target price on Kroger from $60.00 to $61.00 and gave the company a “buy” rating in a research note on Tuesday, March 19th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $55.17.

Check Out Our Latest Stock Report on KR

Kroger Stock Performance

Shares of NYSE KR opened at $50.52 on Wednesday. The business has a fifty day simple moving average of $54.25 and a 200 day simple moving average of $50.42. Kroger has a one year low of $42.10 and a one year high of $58.34. The firm has a market capitalization of $36.46 billion, a price-to-earnings ratio of 17.07, a PEG ratio of 1.95 and a beta of 0.43. The company has a current ratio of 0.81, a quick ratio of 0.36 and a debt-to-equity ratio of 1.04.

Insider Activity

In other news, VP Carin L. Fike sold 3,929 shares of Kroger stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $57.03, for a total transaction of $224,070.87. Following the transaction, the vice president now owns 3,768 shares in the company, valued at approximately $214,889.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, VP Carin L. Fike sold 3,929 shares of Kroger stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $57.03, for a total transaction of $224,070.87. Following the transaction, the vice president now owns 3,768 shares in the company, valued at approximately $214,889.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Todd A. Foley sold 6,616 shares of the business’s stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $55.69, for a total value of $368,445.04. Following the completion of the sale, the chief financial officer now owns 46,958 shares in the company, valued at approximately $2,615,091.02. The disclosure for this sale can be found here. Insiders have sold 55,796 shares of company stock worth $3,118,767 in the last 90 days. Corporate insiders own 1.40% of the company’s stock.

Institutional Investors Weigh In On Kroger

Several institutional investors have recently bought and sold shares of the company. Valued Wealth Advisors LLC increased its position in shares of Kroger by 255.6% during the 1st quarter. Valued Wealth Advisors LLC now owns 448 shares of the company’s stock worth $26,000 after purchasing an additional 322 shares during the last quarter. Hexagon Capital Partners LLC increased its holdings in shares of Kroger by 101.6% during the 1st quarter. Hexagon Capital Partners LLC now owns 496 shares of the company’s stock worth $28,000 after acquiring an additional 250 shares during the last quarter. Palisade Asset Management LLC acquired a new position in shares of Kroger during the 1st quarter worth approximately $29,000. Creekmur Asset Management LLC acquired a new position in shares of Kroger during the 4th quarter worth approximately $26,000. Finally, Redmont Wealth Advisors LLC acquired a new position in shares of Kroger during the 1st quarter worth approximately $34,000. Institutional investors own 80.93% of the company’s stock.

About Kroger

(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.

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