Bank of America Decides to Give Kroger (NYSE:KR) a Higher Rating. The Target is Now $33

May 17, 2018 - By Robert Sims

The Kroger Co. (NYSE:KR) Logo

Investors sentiment increased to 0.9 in 2017 Q4. Its up 0.02, from 0.88 in 2017Q3. It improved, as 78 investors sold The Kroger Co. shares while 251 reduced holdings. 121 funds opened positions while 176 raised stakes. 636.15 million shares or 7.55% less from 688.12 million shares in 2017Q3 were reported.

King Luther Cap Mngmt Corp reported 36,400 shares or 0.01% of all its holdings. Chicago Equity Prns Ltd Limited Liability Company reported 0.12% of its portfolio in The Kroger Co. (NYSE:KR). Evanston Investments Dba Evanston Advsr accumulated 331,464 shares. Assetmark Inc, California-based fund reported 9,024 shares. Roundview Ltd Liability Co stated it has 8,000 shares. Hgk Asset Mngmt holds 0.06% or 15,680 shares. Security Tru accumulated 0% or 400 shares. Fisher Asset Mgmt Ltd Liability invested 0.01% in The Kroger Co. (NYSE:KR). Cibc Asset Management Incorporated owns 97,757 shares or 0.02% of their US portfolio. Arrowgrass Cap Ptnrs (Us) Limited Partnership owns 15,000 shares. Aperio Group Llc holds 0.08% of its portfolio in The Kroger Co. (NYSE:KR) for 562,554 shares. The New York-based Blackrock has invested 0.08% in The Kroger Co. (NYSE:KR). New York State Teachers Retirement Sys holds 0.1% or 1.56M shares. Plante Moran Fincl Advsrs Limited, a Michigan-based fund reported 345 shares. Teachers Retirement Systems Of The State Of Kentucky has invested 0.03% in The Kroger Co. (NYSE:KR).

Since December 19, 2017, it had 0 insider buys, and 6 insider sales for $2.81 million activity. The insider Clark Robert W sold $325,292. Foley Todd A also sold $92,844 worth of The Kroger Co. (NYSE:KR) on Thursday, March 8. Another trade for 16,530 shares valued at $446,327 was made by HJELM CHRISTOPHER T on Tuesday, December 19.

Kroger (NYSE:KR) Stock Upgrade

Bank of America boosted shares of Kroger (NYSE:KR) from a Neutral rating to a solid Buy rating in a research note issued on Thursday, 17 May. The company after the upgrade has a $33 target price on shares.

The Kroger Co. (NYSE:KR) Ratings Coverage

Among 13 analysts covering Kroger Company (NYSE:KR), 6 have Buy rating, 0 Sell and 7 Hold. Therefore 46% are positive. Kroger Company has $38.0 highest and $22.0 lowest target. $27.96’s average target is 10.51% above currents $25.3 stock price. Kroger Company had 19 analyst reports since December 1, 2017 according to SRatingsIntel. As per Monday, February 5, the company rating was maintained by Scotia Capital. The firm earned “Buy” rating on Friday, February 2 by RBC Capital Markets. The stock of The Kroger Co. (NYSE:KR) has “Equal-Weight” rating given on Friday, March 9 by Morgan Stanley. Jefferies upgraded the stock to “Buy” rating in Friday, January 5 report. The firm has “Market Perform” rating by BMO Capital Markets given on Monday, March 12. On Thursday, March 1 the stock rating was downgraded by Oppenheimer to “Hold”. The stock of The Kroger Co. (NYSE:KR) has “Market Perform” rating given on Friday, December 1 by Telsey Advisory Group. Citigroup maintained The Kroger Co. (NYSE:KR) rating on Tuesday, December 26. Citigroup has “Buy” rating and $33 target. The firm has “Hold” rating by Stephens given on Friday, March 9. RBC Capital Markets maintained the stock with “Buy” rating in Friday, March 9 report.

The stock increased 1.44% or $0.36 during the last trading session, reaching $25.3. About 16.02 million shares traded or 54.85% up from the average. The Kroger Co. (NYSE:KR) has declined 18.87% since May 18, 2017 and is downtrending. It has underperformed by 30.42% the S&P500.

Analysts await The Kroger Co. (NYSE:KR) to report earnings on June, 21. They expect $0.64 earnings per share, up 10.34 % or $0.06 from last year’s $0.58 per share. KR’s profit will be $546.63 million for 9.88 P/E if the $0.64 EPS becomes a reality. After $0.63 actual earnings per share reported by The Kroger Co. for the previous quarter, Wall Street now forecasts 1.59 % EPS growth.

The Kroger Co., together with its subsidiaries, operates as a retailer in the United States. The company has market cap of $21.61 billion. It also makes and processes food for sale in its supermarkets. It has a 12.11 P/E ratio. The firm operates retail food and drug stores, multi-department stores, jewelry stores, and convenience stores.

More notable recent The Kroger Co. (NYSE:KR) news were published by: Streetinsider.com which released: “BofA/Merrill Lynch Upgrades Kroger (KR) to Buy” on May 17, 2018, also Investorplace.com with their article: “Bumble Bee Foods CEO Facing Criminal Charges in Price-Fixing Scandal” published on May 17, 2018, Seekingalpha.com published: “Kroger rallies after Barron’s call-out” on May 14, 2018. More interesting news about The Kroger Co. (NYSE:KR) were released by: Bizjournals.com and their article: “Kroger stock climbs after Barron’s report” published on May 14, 2018 as well as 247Wallst.com‘s news article titled: “Short Interest in Kroger Rises 77%” with publication date: May 10, 2018.

The Kroger Co. (NYSE:KR) Institutional Positions Chart

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