Global Retirement Partners LLC lifted its position in shares of The Kroger Co. (NYSE:KR – Free Report) by 35.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,904 shares of the company’s stock after purchasing an additional 1,291 shares during the period. Global Retirement Partners LLC’s holdings in Kroger were worth $240,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of KR. Perpetual Ltd bought a new position in Kroger during the 1st quarter valued at approximately $1,223,000. Truist Financial Corp raised its position in shares of Kroger by 5.8% in the 1st quarter. Truist Financial Corp now owns 244,816 shares of the company’s stock worth $12,087,000 after purchasing an additional 13,394 shares during the last quarter. Affinity Investment Advisors LLC increased its position in shares of Kroger by 99.3% during the first quarter. Affinity Investment Advisors LLC now owns 52,650 shares of the company’s stock valued at $2,599,000 after acquiring an additional 26,234 shares in the last quarter. Pettee Investors Inc. raised its stake in shares of Kroger by 127.7% in the first quarter. Pettee Investors Inc. now owns 35,286 shares of the company’s stock worth $1,742,000 after purchasing an additional 19,786 shares during the last quarter. Finally, Artemis Investment Management LLP lifted its holdings in shares of Kroger by 21.6% during the first quarter. Artemis Investment Management LLP now owns 216,593 shares of the company’s stock valued at $10,669,000 after purchasing an additional 38,487 shares in the last quarter. 77.73% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
Several equities analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Kroger from $54.00 to $50.00 in a research note on Friday, June 16th. Bank of America lowered their price target on Kroger from $75.00 to $65.00 in a report on Friday, June 16th. 3M reaffirmed a “maintains” rating on shares of Kroger in a report on Friday, June 16th. StockNews.com downgraded Kroger from a “strong-buy” rating to a “buy” rating in a report on Friday, June 16th. Finally, UBS Group cut their price target on Kroger from $51.00 to $48.00 in a research note on Monday, June 19th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $52.41.
Kroger Stock Performance
Shares of NYSE KR opened at $49.26 on Thursday. The firm’s fifty day moving average is $47.19 and its two-hundred day moving average is $47.07. The Kroger Co. has a 52-week low of $41.81 and a 52-week high of $52.00. The company has a market cap of $35.36 billion, a P/E ratio of 14.11, a P/E/G ratio of 1.91 and a beta of 0.48. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.36 and a current ratio of 0.77.
Kroger (NYSE:KR – Get Free Report) last posted its earnings results on Thursday, June 15th. The company reported $1.51 EPS for the quarter, topping analysts’ consensus estimates of $1.46 by $0.05. The company had revenue of $45.17 billion for the quarter, compared to the consensus estimate of $45.26 billion. Kroger had a return on equity of 30.96% and a net margin of 1.71%. The firm’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same period in the previous year, the business earned $1.45 earnings per share. As a group, analysts anticipate that The Kroger Co. will post 4.52 EPS for the current fiscal year.
About Kroger
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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