Kroger Co on Focus After Bearish Options Activity

 Kroger Co on Focus After Bearish Options Activity

In today’s session Kroger Co (KR) recorded an unusually high (1,226) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the December, 2016 put, expecting serious KR decrease. With 1,226 contracts traded and 2034 open interest for the Dec, 16 contract, it seems this is a quite bearish bet. The option with symbol: KR161216P00035000 closed last at: $2.35 or 20.5% up. About 3.84M shares traded hands. Kroger Co (NYSE:KR) has declined 10.08% since April 28, 2016 and is downtrending. It has underperformed by 16.00% 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 25.84% above today’s ($32.35) stock price. Kroger has been the topic of 43 analyst reports since August 25, 2015 according to StockzIntelligence Inc. Vetr downgraded Kroger Co (NYSE:KR) rating on Thursday, September 3. Vetr has “Buy” rating and $38.73 price target. The firm has “Buy” rating given on Tuesday, August 25 by Zacks. The firm has “Equal-Weight” rating given on Friday, September 23 by Barclays Capital. Telsey Advisory Group maintained it with “Outperform” rating and $40 target price in Monday, September 12 report. Citigroup maintained the stock with “Buy” rating in Thursday, September 17 report. The rating was maintained by Deutsche Bank with “Buy” on Thursday, September 17. The stock of Kroger Co (NYSE:KR) earned “Hold” rating by Jefferies on Wednesday, August 31. The company was maintained on Wednesday, October 28 by Telsey Advisory Group. Deutsche Bank maintained the shares of KR in a report on Friday, June 17 with “Buy” rating. The stock has “Hold” rating given by Cleveland on Tuesday, August 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 increased to 0.93 in 2016 Q2. Its up 0.21, from 0.72 in 2016Q1. The ratio increased, 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, Cornerstone Inc has 0.36% invested in Kroger Co (NYSE:KR) for 40,000 shares. Fmr Ltd Company accumulated 0.16% or 31.08 million shares. Mutual Of America Cap Management accumulated 0.09% or 111,009 shares. Wade G W & has 7,737 shares for 0.05% of their US portfolio. Guardian Life Ins Communication Of America reported 3,655 shares or 0.01% of all its holdings. Fiera Corp reported 888,161 shares or 0.18% of all its holdings. Apg Asset Mngmt Nv last reported 0.38% of its portfolio in the stock. The Japan-based Daiwa Secs Grp Inc has invested 0.01% in Kroger Co (NYSE:KR). D E Shaw, a New York-based fund reported 1.63 million shares. Laurion Management Ltd Partnership last reported 0.04% of its portfolio in the stock. Gareth Morgan Limited Partnership last reported 1.83% of its portfolio in the stock. Krasney Llc has 0.99% invested in the company for 116,189 shares. Products Prns Limited Com owns 16,500 shares or 0.05% of their US portfolio. Bowling Portfolio Management Limited Liability Co, a Ohio-based fund reported 271,566 shares. Sigma Counselors Incorporated holds 0.04% of its portfolio in Kroger Co (NYSE:KR) for 6,226 shares.

Insider Transactions: Since July 8, 2016, the stock had 0 insider purchases, and 2 insider sales for $1.42 million net activity. 12,000 shares were sold by VAN OFLEN MARY ELIZABETH, worth $454,176. Dougherty Kevin M sold 31,000 shares worth $962,550.

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 $29.81 billion. The Firm also makes and processes food for sale in its supermarkets. It has a 15.25 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 Wsj.com which published an article titled: “Kroger Co. Earnings: What to Watch” on November 30, 2016.

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