In today’s session Kroger Co (KR) registered an unusually high (5,950) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2017 call, expecting serious KR increase. With 5,950 contracts traded and 18254 open interest for the Jan, 17 contract, it seems this is a quite bullish bet. The option with symbol: KR170120C00036250 closed last at: $0.25 or 0% . About 1.70 million shares traded hands. Kroger Co (NYSE:KR) has declined 17.80% since March 29, 2016 and is downtrending. It has underperformed by 21.28% 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. $48 is the highest target while $29 is the lowest. The $40.71 average target is 30.36% above today’s ($31.23) stock price. Kroger has been the topic of 43 analyst reports since August 25, 2015 according to StockzIntelligence Inc. Telsey Advisory Group maintained it with “Outperform” rating and $40 target price in Monday, September 12 report. Oppenheimer maintained Kroger Co (NYSE:KR) rating on Wednesday, August 24. Oppenheimer has “Outperform” rating and $40 price target. The company was initiated on Friday, December 18 by Wells Fargo. The rating was maintained by Pivotal Research on Friday, September 11 with “Buy”. The stock of Kroger Co (NYSE:KR) earned “Buy” rating by Goldman Sachs on Tuesday, July 26. The company was downgraded on Wednesday, June 15 by Wolfe Research. Jefferies maintained Kroger Co (NYSE:KR) on Monday, September 14 with “Hold” rating. The firm has “Outperform” rating given on Friday, December 4 by Telsey Advisory Group. On Thursday, September 3 the stock rating was downgraded by Vetr to “Buy”. The stock of Kroger Co (NYSE:KR) earned “Equal-Weight” rating by Barclays Capital on Friday, September 23.
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 is negative, 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.
First Utd Retail Bank accumulated 21,015 shares or 0.67% of the stock. Ent Services holds 0.02% of its portfolio in Kroger Co (NYSE:KR) for 830 shares. New Harbor Fincl Limited Co has invested 0% of its portfolio in Kroger Co (NYSE:KR). Wealthfront owns 14,817 shares or 0.02% of their US portfolio. Lincoln Corporation has 5,743 shares for 0.01% of their US portfolio. Cap Research Global Investors holds 0.82% of its portfolio in Kroger Co (NYSE:KR) for 64.89M shares. Millennium Mgmt last reported 1.28M shares in the company. Ssi Investment Incorporated has 0.02% invested in the company for 6,846 shares. Moreover, Thompson Davis And has 0.02% invested in Kroger Co (NYSE:KR) for 263 shares. Moreover, U S Global Investors has 0.32% invested in Kroger Co (NYSE:KR) for 15,767 shares. First Republic Management holds 38,136 shares or 0.01% of its portfolio. Moreover, Gp One Trading Limited Partnership has 0.01% invested in Kroger Co (NYSE:KR) for 20,466 shares. Moreover, Legal & General Group Public Limited Co has 0.17% invested in Kroger Co (NYSE:KR) for 4.39M shares. California State Teachers Retirement holds 2.02 million shares or 0.16% of its portfolio. Assetmark holds 0% or 2,736 shares in its portfolio.
Insider Transactions: Since July 8, 2016, the stock had 0 insider purchases, and 2 selling transactions for $1.42 million net activity. VAN OFLEN MARY ELIZABETH had sold 12,000 shares worth $454,176 on Friday, July 8. Dougherty Kevin M also sold $962,550 worth of Kroger Co (NYSE:KR) on Thursday, September 15.
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 $29.71 billion. The Firm also makes and processes food for sale in its supermarkets. It has a 14.72 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.
More recent Kroger Co (NYSE:KR) news were published by: Prnewswire.com which released: “Kroger Donates Nearly $450000 for Hurricane Matthew Relief Efforts” on October 18, 2016. Also Investorplace.com published the news titled: “Trade of the Day: Kroger Co (NYSE:KR)” on October 05, 2016. Prnewswire.com‘s news article titled: “Kroger to Host 2016 Investor Conference” with publication date: October 19, 2016 was also an interesting one.
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