Kroger (NYSE:KR) received a $28.00 price objective from Bank of America in a research note issued to investors on Friday, TipRanks reports. The firm presently has a “buy” rating on the stock. Bank of America‘s price target would indicate a potential upside of 6.75% from the stock’s current price.

KR has been the subject of several other research reports. Guggenheim set a $26.00 price objective on shares of Kroger and gave the company a “buy” rating in a research note on Tuesday, September 3rd. Credit Suisse Group reiterated an “outperform” rating and issued a $29.00 price objective (up previously from $27.00) on shares of Kroger in a research note on Friday. Sanford C. Bernstein upgraded shares of Kroger from a “market perform” rating to an “outperform” rating and set a $33.00 price target for the company in a research note on Monday, May 20th. BMO Capital Markets restated a “market perform” rating and set a $26.00 price target (up previously from $24.00) on shares of Kroger in a research note on Wednesday, September 4th. Finally, Telsey Advisory Group restated a “market perform” rating and set a $27.00 price target (down previously from $29.00) on shares of Kroger in a research note on Friday, June 21st. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $28.06.

Shares of NYSE:KR traded up $0.64 during mid-day trading on Friday, hitting $26.23. The company had a trading volume of 10,364,230 shares, compared to its average volume of 9,229,424. The firm has a fifty day moving average price of $23.17 and a 200 day moving average price of $23.96. The company has a market capitalization of $20.44 billion, a PE ratio of 12.43, a price-to-earnings-growth ratio of 1.80 and a beta of 0.56. The company has a debt-to-equity ratio of 2.15, a current ratio of 0.76 and a quick ratio of 0.25. Kroger has a one year low of $20.70 and a one year high of $31.98.

Kroger (NYSE:KR) last released its quarterly earnings data on Thursday, September 12th. The company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.03. The company had revenue of $28.17 billion during the quarter, compared to analyst estimates of $28.34 billion. Kroger had a net margin of 1.36% and a return on equity of 21.17%. Kroger’s revenue for the quarter was up .5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.41 EPS. Research analysts expect that Kroger will post 2.19 earnings per share for the current fiscal year.

In other Kroger news, EVP J Michael Schlotman sold 15,000 shares of Kroger stock in a transaction on Monday, July 15th. The shares were sold at an average price of $22.01, for a total transaction of $330,150.00. Following the transaction, the executive vice president now directly owns 270,655 shares of the company’s stock, valued at approximately $5,957,116.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Stephen M. Mckinney sold 15,600 shares of Kroger stock in a transaction on Monday, July 15th. The stock was sold at an average price of $22.05, for a total transaction of $343,980.00. Following the transaction, the insider now directly owns 168,070 shares in the company, valued at $3,705,943.50. The disclosure for this sale can be found here. Insiders have sold a total of 43,600 shares of company stock valued at $955,450 in the last 90 days. 1.34% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently bought and sold shares of the business. TRUE Private Wealth Advisors purchased a new position in Kroger during the 2nd quarter worth $26,000. Sageworth Trust Co purchased a new position in Kroger during the 2nd quarter worth $33,000. Capital Investment Advisory Services LLC boosted its holdings in Kroger by 57.2% during the 2nd quarter. Capital Investment Advisory Services LLC now owns 1,787 shares of the company’s stock worth $37,000 after acquiring an additional 650 shares during the last quarter. Penserra Capital Management LLC purchased a new position in Kroger during the 1st quarter worth $38,000. Finally, Enterprise Financial Services Corp boosted its holdings in Kroger by 151.6% during the 2nd quarter. Enterprise Financial Services Corp now owns 1,935 shares of the company’s stock worth $41,000 after acquiring an additional 1,166 shares during the last quarter. 80.64% of the stock is currently owned by hedge funds and other institutional investors.

About Kroger

The Kroger Co operates as a retailer in the United States. The company operates supermarkets, multi-department stores, marketplace stores, and price impact warehouse stores. 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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Analyst Recommendations for Kroger (NYSE:KR)

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