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(NYSE:KR) Issued With 'Hold' Rating At Loop Capital

19 May 2017

Following Loop Capital's latest price target of 32 on the business this highlights that the broker now believes there is an increase of 10.04% from The Kroger Co.'s current share price of 29.08. Moreover, Zuckerman Investment Group Llc has 3.8% invested in the company for 449,397 shares. FMR LLC increased its position in shares of Kroger by 54.1% in the first quarter.

KROPF SUSAN J also sold $298,950 worth of Kroger Co (NYSE:KR) shares. CI Global Investments Inc. bought a new position in shares of Kroger during the first quarter valued at about $270,002,000. Osborn Williams & Donohoe LLC raised its stake in Kroger by 16.2% in the fourth quarter. BlackRock Inc. now owns 72,026,662 shares of the company's stock valued at $2,124,067,000 after buying an additional 69,929,316 shares in the last quarter. Fort Washington Investment Advisors Oh owns 55,115 shares for 0.03% of their portfolio. BlackRock Advisors LLC now owns 15,008,859 shares of the company's stock valued at $445,463,000 after buying an additional 3,249,884 shares during the last quarter. Kroger comprises about 2.1% of Baker Ellis Asset Management LLC's portfolio, making the stock its 6th largest position. King Luther Capital Management Corp now owns 155,386 shares of the company's stock valued at $4,582,000 after buying an additional 4,546 shares in the last quarter. Finally, Physicians Financial Services Inc. boosted its position in Kroger by 121.7% in the third quarter. The fund owned 252,136 shares of the company's stock after selling 4,280 shares during the period.

Shares of Kroger Co (NYSE:KR) traded down 0.58% on Tuesday, reaching $28.97. The company reported $0.53 earnings per share for the quarter, beating analysts' consensus estimates of $0.52 by $0.01.

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Stock is now moving with a negative distance from the 200 day simple moving average of approximately -9.22%, and has a poor year to date (YTD) performance of -16.49% which means the stock is constantly subtracting to its value from the previous fiscal year end price. The stock has a market capitalization of $26.15 billion, a P/E ratio of 13.95 and a beta of 0.78. Kroger Co has a 1-year low of $28.29 and a 1-year high of $37.97.

Kroger (NYSE:KR) last issued its quarterly earnings data on Thursday, March 2nd.

Last time, the company shocked Wall Street by reporting EPS of $0.53, smashing the consensus of $0.52 per share. The firm had revenue of $27.61 billion during the quarter, compared to the consensus estimate of $27.31 billion. The ratio is negative, as 320 hedge funds opened new or increased equity positions, while 349 trimmed and sold stock positions in Kroger Co. The business's revenue for the quarter was up 5.5% compared to the same quarter a year ago. Kroger envisions first-quarter earnings in the band of $0.55 to $0.59 per share down from the year-ago quarter. Investors of record on Monday, May 15th will be given a dividend of $0.12 per share. The ex-dividend date is Thursday, May 11th.

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Since January 1, 0001, it had 0 buys, and 8 insider sales for $3.08 million activity.

Now the P/E of The Kroger Co. stands at 13.87. Baldwin Brothers Inc. MA boosted its stake in Kroger by 23.4% in the first quarter. These facilities are located throughout the United States. The correct version of this report can be read at https://www.com-unik.info/2017/05/15/kroger-co-kr-rating-increased-to-hold-at-zacks-investment-research.html.

Several brokerages recently weighed in on KR. Jefferies Group LLC reiterated a hold rating and set a $30.00 price objective on shares of Kroger in a research note on Friday, March 3rd. Loop Capital began coverage on Kroger in a research note on Monday. Deutsche Bank AG set a $35.00 price objective on Kroger and gave the company a buy rating in a research note on Sunday, March 5th. RBC Capital Markets maintained Kroger Co (NYSE:KR) rating on Wednesday, September 7. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and twelve have assigned a buy rating to the company. The company now has an average rating of Hold and an average price target of $36.26. Also, insider Christopher T. Hjelm sold 12,139 shares of the stock in a transaction on Wednesday, April 19th. The shares were sold at an average price of $29.35, for a total transaction of $131,047.75. Following the completion of the transaction, the director now owns 81,240 shares in the company, valued at approximately $2,384,394. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Michael Joseph Donnelly sold 17,600 shares of Kroger stock in a transaction dated Wednesday, May 10th. The lowest 12-month price target for the shares is $24.00, which would be decrease of about -17% of its current value.

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