The price of The Kroger Co. (NYSE:KR) shares last traded on Wall Street fell -0.97% to $46.09.
Based on available information, 22 analysts follow The Kroger Co. (NYSE:KR). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $65.00 and a low of $42.00, we find $52.00. Given the previous closing price of $46.54, this indicates a potential upside of 11.73 percent. KR stock price is now -2.61% away from the 50-day moving average and -1.46% away from the 200-day moving average. The market capitalization of the company currently stands at $32.70B.
Among analysts, 10 rate the stock a hold while 8 rate it a buy. Brokers who have rated the stock have averaged $51.59 as their price target over the next twelve months.
With the price target maintained at $60, Northcoast recently Upgraded its rating from Neutral to Buy for The Kroger Co. (NYSE: KR).
In other news, FIKE CARIN L, Vice President and Treasurer sold 6,000 shares of the company’s stock on Sep 15. The stock was sold for $279,004 at an average price of $46.50. Upon completion of the transaction, the Vice President and Treasurer now directly owns 44,090 shares in the company, valued at $2.03 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 12, Senior Vice President Massa Timothy A sold 23,000 shares of the business’s stock. A total of $1,045,511 was realized by selling the stock at an average price of $45.46. This leaves the insider owning 194,956 shares of the company worth $8.99 million. Insiders disposed of 714,855 shares of company stock worth roughly $32.95 million over the past 1 year. A total of 0.70% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in KR stock. A new stake in The Kroger Co. shares was purchased by NINETY ONE UK LTD during the first quarter worth $62,846,000. CAPITAL GROWTH MANAGEMENT LP invested $24,428,000 in shares of KR during the first quarter. In the first quarter, TODD ASSET MANAGEMENT LLC acquired a new stake in The Kroger Co. valued at approximately $18,959,000. QUBE RESEARCH & TECHNOLOGIES LTD acquired a new stake in KR for approximately $17,763,000. FIRST FOUNDATION ADVISORS purchased a new stake in KR valued at around $13,523,000 in the second quarter. In total, there are 1,495 active investors with 81.30% ownership of the company’s stock.
A candlestick chart of The Kroger Co. (NYSE: KR) showed a price of $46.56 on Tuesday morning. During the past 12 months, The Kroger Co. has had a low of $41.81 and a high of $50.41. As of last week, the company has a debt-to-equity ratio of 1.23, a current ratio of 0.80, and a quick ratio of 0.40. According to the stock market information, the enterprise value for the company is $49.42B, which is based on a 13.25 price-to-earnings ratio, a 1.66 price-to-earnings-growth ratio, and a beta of 0.47. The fifty day moving average price for KR is $47.31 and a two-hundred day moving average price translates $46.76 for the stock.
The latest earnings results from The Kroger Co. (NYSE: KR) was released for Aug, 2023. According to the Grocery Stores Company, earnings per share came in at $0.96, beating analysts’ expectations of $0.91 by 0.05. This compares to $1.01 EPS in the same period last year. The net profit margin was 1.70% and return on equity was 24.90% for KR. The company reported revenue of $33.85 billion for the quarter, compared to $34.64 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -2.27 percent. For the current quarter, analysts expect KR to generate $33.91B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 09/01/2023. Investors who held shares on 08/15/2023 were paid a $0.29 dividend. On an annualized basis, this represents a $1.16 dividend and a 2.52% percent yield. There was an ex-dividend date of 08/14/2023 for this dividend. In terms of dividend payout ratio, KR is presently at 28.10%.
The Kroger Co.(KR) Company Profile
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. The company’s marketplace stores offer full-service grocery, pharmacy, health and beauty care, and perishable goods, as well as general merchandise, including apparel, home goods, and toys; and price impact warehouse stores provide grocery, and health and beauty care items, as well as meat, dairy, baked goods, and fresh produce items. It also manufactures and processes food products for sale in its supermarkets and online; and sells fuel through fuel centers. The Kroger Co. was founded in 1883 and is based in Cincinnati, Ohio.