The Kroger Co. (NYSE:KR) Receives $74.19 Consensus PT from Analysts

The Kroger Co. (NYSE:KRGet Free Report) has been given a consensus rating of “Moderate Buy” by the seventeen ratings firms that are currently covering the stock, Marketbeat reports. Eight equities research analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $73.8750.

A number of research analysts have recently weighed in on the company. Barclays set a $68.00 price target on Kroger and gave the company an “equal weight” rating in a research report on Thursday, January 8th. Guggenheim restated a “buy” rating and set a $78.00 target price on shares of Kroger in a report on Wednesday, November 19th. Citigroup restated a “neutral” rating and set a $68.00 target price (down previously from $74.00) on shares of Kroger in a research report on Wednesday, December 10th. Morgan Stanley set a $67.00 price target on shares of Kroger and gave the company an “equal weight” rating in a research report on Thursday. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Kroger from $73.00 to $71.00 and set a “neutral” rating for the company in a research note on Friday, December 5th.

View Our Latest Analysis on Kroger

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Wellington Management Group LLP boosted its stake in shares of Kroger by 61.1% during the 3rd quarter. Wellington Management Group LLP now owns 33,367,551 shares of the company’s stock worth $2,249,307,000 after purchasing an additional 12,652,261 shares during the last quarter. State Street Corp lifted its stake in shares of Kroger by 1.2% during the third quarter. State Street Corp now owns 31,948,112 shares of the company’s stock valued at $2,153,622,000 after buying an additional 386,503 shares during the period. Norges Bank acquired a new stake in Kroger during the second quarter worth approximately $518,267,000. Invesco Ltd. grew its stake in Kroger by 15.8% in the 3rd quarter. Invesco Ltd. now owns 6,327,182 shares of the company’s stock worth $426,515,000 after acquiring an additional 865,559 shares during the period. Finally, Allianz Asset Management GmbH raised its holdings in Kroger by 66.6% in the 3rd quarter. Allianz Asset Management GmbH now owns 5,255,084 shares of the company’s stock valued at $354,245,000 after acquiring an additional 2,100,444 shares during the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Kroger News Summary

Here are the key news stories impacting Kroger this week:

Kroger Trading Up 1.1%

Shares of Kroger stock opened at $63.18 on Thursday. The company has a 50-day moving average of $63.72 and a two-hundred day moving average of $66.96. Kroger has a 12-month low of $58.12 and a 12-month high of $74.90. The company has a current ratio of 0.88, a quick ratio of 0.45 and a debt-to-equity ratio of 2.28. The stock has a market cap of $39.98 billion, a PE ratio of 58.50, a price-to-earnings-growth ratio of 1.77 and a beta of 0.61.

Kroger (NYSE:KRGet Free Report) last released its quarterly earnings results on Thursday, December 4th. The company reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $1.03 by $0.02. The business had revenue of $33.86 billion for the quarter, compared to analysts’ expectations of $34.27 billion. Kroger had a return on equity of 38.06% and a net margin of 0.54%.The company’s revenue was up .7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.98 EPS. Kroger has set its FY 2025 guidance at 4.750-4.800 EPS. On average, research analysts anticipate that Kroger will post 4.44 EPS for the current fiscal year.

Kroger Company Profile

(Get Free Report)

The Kroger Co (NYSE: KR) is one of the largest supermarket operators in the United States, offering a wide range of retail grocery and related services. Founded in Cincinnati in 1883 by Bernard Kroger, the company operates a portfolio of supermarket and multi-department store banners and provides customers with fresh foods, packaged groceries, deli and bakery items, meat and seafood, produce, and prepared foods. Kroger’s stores commonly include pharmacy services and fuel centers, positioning the company as a broad-based neighborhood retail destination for everyday needs.

In addition to traditional in-store retailing, Kroger manufactures and distributes a variety of private-label brands and operates its own food production and supply-chain facilities.

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Analyst Recommendations for Kroger (NYSE:KR)

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