Kroger Co Can’t Be More Risky. Option Traders Sell It

 Kroger Co Can't Be More Risky. Option Traders Sell It

In today’s session Kroger Co (KR) recorded an unusually high (475) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the January, 2017 put, expecting serious KR decrease. With 475 contracts traded and 76454 open interest for the Jan, 17 contract, it seems this is a quite bearish bet. The option with symbol: KR170120P00030000 closed last at: $1.25 or 13.6% up. About 1.33M shares traded hands. Kroger Co (NYSE:KR) has declined 15.00% since April 8, 2016 and is downtrending. It has underperformed by 20.65% 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. $48 is the highest target while $29 is the lowest. The $40.71 average target is 25.69% above today’s ($32.39) stock price. Kroger has been the topic of 43 analyst reports since August 25, 2015 according to StockzIntelligence Inc. Cleveland downgraded the shares of KR in a report on Tuesday, August 23 to “Hold” rating. The rating was maintained by Jefferies on Monday, September 14 with “Hold”. The firm has “Outperform” rating given on Friday, December 18 by Wells Fargo. The stock of Kroger Co (NYSE:KR) earned “Buy” rating by Argus Research on Monday, December 14. The firm earned “Buy” rating on Thursday, September 17 by Deutsche Bank. The stock of Kroger Co (NYSE:KR) has “Buy” rating given on Monday, September 14 by Argus Research. The firm has “Outperform” rating by Telsey Advisory Group given on Wednesday, October 28. As per Thursday, September 3, the company rating was downgraded by Vetr. On Tuesday, August 25 the stock rating was downgraded by Zacks to “Buy”. The stock of Kroger Co (NYSE:KR) has “Sector Perform” rating given on Wednesday, September 7 by RBC Capital Markets.

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 Q2 2016. Its down 0.26, from 0.98 in 2016Q1. The ratio worsened, 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.
Moreover, Savings Bank Of Nova Scotia has 0% invested in Kroger Co (NYSE:KR) for 19,460 shares. Tompkins Fin holds 11,875 shares or 0.13% of its portfolio. Norinchukin National Bank The holds 0.04% of its portfolio in Kroger Co (NYSE:KR) for 50,027 shares. Commonwealth Equity owns 286,803 shares or 0.09% of their US portfolio. Loring Wolcott And Coolidge Fiduciary Advsrs Ltd Liability Partnership Ma accumulated 0% or 3,246 shares. M&R Capital Management holds 0% of its portfolio in Kroger Co (NYSE:KR) for 75 shares. The Missouri-based Sterneck Ltd Com has invested 0.75% in Kroger Co (NYSE:KR). Agf Invs accumulated 0.01% or 32,659 shares. Prns Ltd Liability Co, a New York-based fund reported 16,500 shares. Enterprise Finance, a Missouri-based fund reported 830 shares. Hirtle Callaghan And Communications Ltd Liability Company has invested 0.16% of its portfolio in Kroger Co (NYSE:KR). Schwab Charles Investment Mngmt has invested 0.14% of its portfolio in Kroger Co (NYSE:KR). New Harbor Fincl Group Incorporated Limited Liability Company last reported 0% of its portfolio in the stock. Rothschild Inv Il holds 0.06% or 13,475 shares in its portfolio. First Allied Advisory Service reported 21,946 shares or 0.05% of all its holdings.

Insider Transactions: Since July 8, 2016, the stock had 0 insider buys, and 2 sales for $1.42 million net activity. VAN OFLEN MARY ELIZABETH sold $454,176 worth of stock or 12,000 shares. On Thursday, September 15 Dougherty Kevin M sold $962,550 worth of the stock or 31,000 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 $31.96 billion. The Firm also makes and processes food for sale in its supermarkets. It has a 15.26 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 to Hold Open Interviews Nov. 9 for Military Veterans and Their Families” on November 07, 2016. Also Bizjournals.com published the news titled: “Kroger to close Louisville store that has lost millions” on November 07, 2016. Prnewswire.com‘s news article titled: “Kroger Tied for First Place in Annual Kantar Retailer PoweRankingâ„¢” with publication date: November 02, 2016 was also an interesting one.

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