What’s Ahead for Kroger Co After Today’s Bullish Options Activity?

 What's Ahead for Kroger Co After Today's Bullish Options Activity?

In today’s session Kroger Co (KR) registered an unusually high (416) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious KR increase. With 416 contracts traded and 5984 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: KR161118C00027500 closed last at: $4.2 or 7.7% up. About 3.85M shares traded hands. Kroger Co (NYSE:KR) has declined 19.17% since March 15, 2016 and is downtrending. It has underperformed by 24.65% the S&P500.

Kroger Co (NYSE:KR) Ratings Coverage

Out of 26 analysts covering Kroger (NYSE:KR), 16 rate it a “Buy”, 1 “Sell”, while 9 “Hold”. This means 62% are positive. Kroger has been the topic of 43 analyst reports since August 25, 2015 according to StockzIntelligence Inc. Goldman Sachs upgraded Kroger Co (NYSE:KR) on Tuesday, July 26 to “Buy” rating. The stock has “Hold” rating given by Cleveland on Tuesday, August 23. The firm has “Buy” rating by Zacks given on Tuesday, August 25. The stock of Kroger Co (NYSE:KR) has “Neutral” rating given on Friday, January 22 by Credit Suisse. The company was maintained on Thursday, September 17 by Deutsche Bank. The firm earned “Peer Perform” rating on Wednesday, June 15 by Wolfe Research. The rating was maintained by Argus Research on Monday, September 14 with “Buy”. Stifel Nicolaus initiated the stock with “Buy” rating in Friday, February 12 report. As per Monday, September 14, the company rating was maintained by Jefferies. The rating was maintained by Oppenheimer with “Outperform” on Monday, March 7.

According to Zacks Investment Research, “Kroger Company is one of the larger grocery retailers in the United States. The company also manufactures and processes food for sale by its supermarkets. The company intends to develop new food and convenience store locations and will continue to assess existing stores as to possible replacement, remodeling, enlarging, or closing.”

Insitutional Activity: The institutional sentiment decreased to 0.72 in 2016 Q2. Its down 0.26, from 0.98 in 2016Q1. The ratio dropped, as 66 funds sold all Kroger Co shares owned while 323 reduced positions. 73 funds bought stakes while 207 increased positions. They now own 739.57 million shares or 2.27% less from 756.71 million shares in 2016Q1.
Fort Washington Invest Advsrs Oh has 54,308 shares for 0.04% of their US portfolio. The Massachusetts-based Baldwin Brothers Ma has invested 0.01% in Kroger Co (NYSE:KR). Comerica State Bank holds 313,272 shares or 0.09% of its portfolio. Gulf Intll Retail Bank (Uk) accumulated 0.17% or 277,870 shares. First Interstate National Bank reported 1,804 shares or 0.01% of all its holdings. Group One Trading Lp owns 20,466 shares or 0.01% of their US portfolio. Exane Derivatives holds 0% of its portfolio in Kroger Co (NYSE:KR) for 4 shares. Rhumbline Advisers last reported 1.42 million shares in the company. Bruni J V & Company Company holds 3.92% of its portfolio in Kroger Co (NYSE:KR) for 540,266 shares. King Luther Capital Mngmt, a Texas-based fund reported 41,640 shares. Blackrock Lc holds 11.76 million shares or 0.44% of its portfolio. Brandywine Global Mgmt Lc owns 533,205 shares or 0.13% of their US portfolio. Teacher Retirement System Of Texas last reported 0.23% of its portfolio in the stock. Lenox Wealth last reported 0.07% of its portfolio in the stock. Ing Groep Nv holds 0.01% of its portfolio in Kroger Co (NYSE:KR) for 22,957 shares.

Insider Transactions: Since July 8, 2016, the stock had 0 insider buys, and 2 selling transactions for $1.42 million net activity. Shares for $962,550 were sold by Dougherty Kevin M. VAN OFLEN MARY ELIZABETH sold $454,176 worth of stock or 12,000 shares.

The Kroger Co. operates retail food and drug stores, multi-department stores, jewelry stores and convenience stores across the United States. The company has a market cap of $28.55 billion. The Firm also makes and processes food for sale in its supermarkets. It has a 14.45 P/E ratio. It operates through retail activities segment.

KR Company Profile

The Kroger Co. (Kroger), incorporated on April 3, 1902, operates retail food and drug stores, multi-department stores, jewelry stores and convenience stores across the United States. The Firm also makes and processes food for sale in its supermarkets. The Firm operates through retail activities segment. The Firm operates, either directly or through its subsidiaries, approximately 2,778 retail food stores under a range of local banner names, approximately 1,387 of which have fuel centers. Approximately 42% of these supermarkets are operated in the Company-owned facilities, including a range of Company-owned buildings on leased land. The Company’s supermarkets are operated under combination food and drug stores (combo stores), multi-department stores, marketplace stores or price impact warehouses. The Company’s corporate brand products are primarily produced and sold in approximately three tiers. Private Selection is the brand designed to beat the gourmet or upscale brands. The banner brand includes Kroger, Ralphs, Fred Meyer and King Soopers. The Company’s other brands also include Simple Truth and Simple Truth Organic.

Another recent and important Kroger Co (NYSE:KR) news was published by Investorplace.com which published an article titled: “Trade of the Day: Kroger Co (NYSE:KR)” on October 05, 2016.

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