Media coverage about Kroger (NYSE:KR) has trended somewhat positive recently, Alpha One reports. Alpha One, a unit of Accern, identifies positive and negative news coverage by reviewing more than 20 million blog and news sources in real time. Alpha One ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Kroger earned a coverage optimism score of 0.07 on Alpha One’s scale. Alpha One also gave news stories about the company an impact score of 88 out of 100, indicating that recent news coverage is very likely to have an impact on the stock’s share price in the near term.
These are some of the media headlines that may have effected AlphaOne’s analysis:
- Retail Dietitians: What Can They Do for You? (verywell.com)
- Is it Time for Whole Foods to Sell Out? (finance.yahoo.com)
- Smithfield Foods’ Helping Hungry Homes® Partners With Fred Meyer to Donate More Than 25,000 Pounds of Protein to Oregon Food Bank (finance.yahoo.com)
- Kroger urges shareholders to reject unsolicited ‘mini-tender’ offer (theproducenews.com)
- CREDIT SUISSE: Kroger should think about buying Whole Foods (finance.yahoo.com)
A number of equities research analysts recently weighed in on KR shares. Credit Suisse Group AG restated a “neutral” rating and issued a $33.00 target price (up previously from $29.00) on shares of Kroger in a report on Thursday, January 19th. Oppenheimer Holdings Inc. restated an “outperform” rating and issued a $38.00 target price (up previously from $36.00) on shares of Kroger in a report on Wednesday, February 22nd. Zacks Investment Research upgraded shares of Kroger from a “sell” rating to a “hold” rating in a report on Monday, January 9th. Royal Bank of Canada upgraded shares of Kroger from a “sector perform” rating to an “outperform” rating and set a $37.00 target price on the stock in a report on Thursday, March 23rd. Finally, Goldman Sachs Group Inc lowered shares of Kroger from a “conviction-buy” rating to a “buy” rating in a report on Friday, March 3rd. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and twelve have assigned a buy rating to the company’s stock. Kroger currently has a consensus rating of “Hold” and an average price target of $36.45.
Kroger (NYSE:KR) traded up 0.81% on Friday, hitting $29.95. 9,179,545 shares of the stock were exchanged. The stock has a market cap of $27.38 billion, a price-to-earnings ratio of 14.61 and a beta of 0.78. The company has a 50-day moving average of $29.39 and a 200-day moving average of $32.04. Kroger has a 12 month low of $28.29 and a 12 month high of $37.97.
Kroger (NYSE:KR) last released its earnings results on Thursday, March 2nd. The company reported $0.53 EPS for the quarter, topping the consensus estimate of $0.52 by $0.01. Kroger had a net margin of 1.77% and a return on equity of 31.48%. The firm had revenue of $27.61 billion for the quarter, compared to the consensus estimate of $27.31 billion. During the same quarter in the previous year, the firm earned $0.57 earnings per share. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. On average, equities analysts predict that Kroger will post $2.19 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, June 1st. Stockholders of record on Monday, May 15th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.60%. The ex-dividend date of this dividend is Thursday, May 11th. Kroger’s dividend payout ratio (DPR) is presently 23.08%.
In other news, VP Todd A. Foley sold 11,000 shares of the business’s stock in a transaction on Friday, March 3rd. The shares were sold at an average price of $29.53, for a total value of $324,830.00. Following the transaction, the vice president now owns 24,014 shares of the company’s stock, valued at $709,133.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Christopher T. Hjelm sold 12,139 shares of the business’s stock in a transaction on Wednesday, April 19th. The stock was sold at an average price of $30.00, for a total transaction of $364,170.00. Following the completion of the transaction, the insider now directly owns 225,037 shares in the company, valued at approximately $6,751,110. The disclosure for this sale can be found here. Insiders sold 37,604 shares of company stock worth $1,119,048 in the last three months. Insiders own 0.85% of the company’s stock.
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Kroger Company Profile
The Kroger Co (Kroger) manufactures and processes food for sale in its supermarkets. The Company operates supermarkets, multi-department stores, jewelry stores and convenience stores throughout the United States. As of January 28, 2017, it had operated approximately 4,000 owned or leased supermarkets, convenience stores, fine jewelry stores, distribution warehouses and food production plants through divisions, subsidiaries or affiliates.
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