BofA Merrill Raises Kroger (NYSE:KR) Stock To a Buy Rating

May 18, 2018 - By Christine Ryals

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 increased, 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.

Commonwealth Commercial Bank Of Australia reported 343,700 shares. Hsbc Holding Public Limited Com, a United Kingdom-based fund reported 1.38M shares. Bowling Port Mngmt Limited Liability Company owns 94,781 shares for 0.35% of their portfolio. Tudor Inv Et Al accumulated 10,492 shares. Jacobs Levy Equity Inc stated it has 31,800 shares. Comerica Fincl Bank has invested 0.04% of its portfolio in The Kroger Co. (NYSE:KR). Glg Partners L P accumulated 33,678 shares. Aviva Plc reported 0.08% stake. The North Carolina-based Salem Invest Counselors Incorporated has invested 0.01% in The Kroger Co. (NYSE:KR). Ameritas Prtn invested 0.02% in The Kroger Co. (NYSE:KR). Advisory Services Net Limited Liability Corp reported 3,773 shares. Sterling Cap Llc holds 0.01% of its portfolio in The Kroger Co. (NYSE:KR) for 20,199 shares. Brigade Cap Ltd Partnership reported 470,000 shares or 0.71% of all its holdings. Pub Sector Pension Inv Board stated it has 0.01% in The Kroger Co. (NYSE:KR). Sigma Planning Corporation holds 17,668 shares.

Since December 19, 2017, it had 0 insider buys, and 6 insider sales for $2.81 million activity. 15,200 shares were sold by Foley Todd A, worth $471,200 on Tuesday, January 30. $446,327 worth of The Kroger Co. (NYSE:KR) was sold by HJELM CHRISTOPHER T on Tuesday, December 19. $1.23 million worth of The Kroger Co. (NYSE:KR) was sold by DONNELLY MICHAEL JOSEPH on Monday, January 29.

Kroger (NYSE:KR) Stock Upgrade

BofA Merrill gave Kroger (NYSE:KR) shares a new Buy rating in a research note sent to investors on Friday, 18 May. The increase from the old Neutral rating is certainly an interesting one.

The Kroger Co. (NYSE:KR) Ratings Coverage

Among 13 analysts covering Kroger Company (NYSE:KR), 7 have Buy rating, 0 Sell and 6 Hold. Therefore 54% are positive. Kroger Company has $38.0 highest and $22.0 lowest target. $28.38’s average target is 12.17% above currents $25.3 stock price. Kroger Company had 20 analyst reports since December 1, 2017 according to SRatingsIntel. Jefferies upgraded the shares of KR in report on Friday, January 5 to “Buy” rating. The firm has “Hold” rating by Oppenheimer given on Thursday, March 1. The company was maintained on Friday, March 2 by BMO Capital Markets. RBC Capital Markets maintained The Kroger Co. (NYSE:KR) on Friday, March 9 with “Buy” rating. BMO Capital Markets maintained The Kroger Co. (NYSE:KR) rating on Monday, March 12. BMO Capital Markets has “Market Perform” rating and $27 target. Bank of America upgraded the stock to “Buy” rating in Thursday, May 17 report. The firm has “Hold” rating given on Tuesday, January 16 by Stephens. Citigroup maintained The Kroger Co. (NYSE:KR) on Tuesday, December 26 with “Buy” rating. The firm has “Market Perform” rating given on Friday, December 1 by Telsey Advisory Group. BMO Capital Markets maintained the stock with “Hold” rating in Wednesday, January 24 report.

The stock increased 1.44% or $0.36 during the last trading session, reaching $25.3. About 16.02 million shares traded or 53.49% 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 $546.63M 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: Bizjournals.com which released: “Kroger stock climbs as analysts applaud Ocado deal” on May 17, 2018, also Bizjournals.com with their article: “Kroger stock climbs after Barron’s report” published on May 14, 2018, Nasdaq.com published: “Amazon Needs More Whole Foods Stores” on May 18, 2018. More interesting news about The Kroger Co. (NYSE:KR) were released by: 247Wallst.com and their article: “6 Most Important Things in Business Today” published on May 18, 2018 as well as Bizjournals.com‘s news article titled: “Kroger analyst goes against the grain, turns negative on stock” with publication date: May 17, 2018.

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

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