RBC Capital Upgrades The Kroger Co to Outperform

Brokerage firm RBC Capital Upgrades its rating on The Kroger Co(KR). The shares have been rated Outperform. Previously, the analysts had a Sector Perform rating on the shares. The rating by the stock financial advisor at RBC Capital was issued on Mar 23, 2017 in a research report to their Investors and Clients.

In a different note, UBS said it Initiates Coverage On The Kroger Co, according to a research note issued on Mar 23, 2017. The shares have been rated ‘Neutral’ by the firm. On Mar 7, 2017, Northcoast Research said it Downgrades its rating on The Kroger Co. The shares have been rated ‘Neutral’ by the firm. On Mar 3, 2017, Goldman Sachs said it Downgrades its rating on The Kroger Co. The shares have been rated ‘Buy’ by the firm.

The Kroger Co (KR) shares turned negative on Fridays trading session with the shares closing down -0.16 points or -0.55% at a volume of 81,85,025. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $29.26. The peak price level was also seen at $29.26 while the days lowest was $28.94. Finally the shares closed at $29.1. The 52-week high of the shares is $39.22 while the 52-week low is $28.29. According to the latest information available, the market cap of the company is $26,888 M.

The Kroger Co(KR) last announced its earnings results on Mar 2, 2017 for Fiscal Year 2016 and Q4.Company reported revenue of $27.611B. Analysts had an estimated revenue of $27.300B. Earnings per share were $0.53. Analysts had estimated an EPS of $0.52.

Several Insider Transactions has been reported to the SEC. On Mar 9, 2017, Robert W Clark (Senior Vice President) sold 17,000 shares at $28.81 per share price.Also, On Mar 6, 2017, Todd A Foley (Vice President and Treasurer) sold 11,000 shares at $29.53 per share price.On Dec 14, 2016, Michael Joseph Donnelly (Executive Vice President) sold 10,000 shares at $34.35 per share price, according to the Form-4 filing with the securities and exchange commission.

The Kroger Co. (Kroger) operates retail food and drug stores multi-department stores jewelry stores and convenience stores throughout the United States. The Company also manufactures and processes some of the food for sale in its supermarkets. The Company operated either directly or through its subsidiaries approximately 2625 supermarkets and multi-department stores approximately 1330 of which had fuel centers. Approximately 48% of these supermarkets were operated in Company-owned facilities including some Company-owned buildings on leased land. The Company operates its 2640 supermarket and multi-department stores under banners including Kroger City Market Dillons Food 4 Less Fred Meyer Fry’s Harris Teeter Jay C King Soopers QFC Ralphs and Smith’s. Of these stores 1330 have fuel centers. The Company also operates 782 convenience stores either directly or through franchisees 326 fine jewelry stores and an online retailer.

Add Comment