Pacer Advisors Inc. Purchases 15,652 Shares of The Kroger Co. $KR

Pacer Advisors Inc. raised its position in The Kroger Co. (NYSE:KR) by 27.2% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 73,181 shares of the company’s stock after acquiring an additional 15,652 shares during the period. Pacer Advisors Inc.’s holdings in Kroger were worth $4,933,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Brighton Jones LLC lifted its position in shares of Kroger by 27.3% in the fourth quarter. Brighton Jones LLC now owns 15,733 shares of the company’s stock worth $962,000 after purchasing an additional 3,373 shares in the last quarter. Lansforsakringar Fondforvaltning AB publ increased its stake in Kroger by 4.7% in the 1st quarter. Lansforsakringar Fondforvaltning AB publ now owns 6,007 shares of the company’s stock valued at $407,000 after buying an additional 270 shares during the last quarter. State of Wyoming lifted its position in Kroger by 15.2% during the 1st quarter. State of Wyoming now owns 1,518 shares of the company’s stock worth $103,000 after buying an additional 200 shares in the last quarter. Evergreen Capital Management LLC boosted its stake in shares of Kroger by 10.1% during the 1st quarter. Evergreen Capital Management LLC now owns 7,021 shares of the company’s stock worth $475,000 after buying an additional 645 shares during the last quarter. Finally, Vident Advisory LLC boosted its stake in shares of Kroger by 135.3% during the 1st quarter. Vident Advisory LLC now owns 49,884 shares of the company’s stock worth $3,377,000 after buying an additional 28,686 shares during the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Kroger Price Performance

NYSE:KR opened at $62.65 on Tuesday. The Kroger Co. has a 12-month low of $58.12 and a 12-month high of $74.90. The firm has a market capitalization of $39.65 billion, a price-to-earnings ratio of 58.01, a P/E/G ratio of 1.77 and a beta of 0.58. The stock’s 50 day moving average price is $64.88 and its two-hundred day moving average price is $67.73. The company has a quick ratio of 0.45, a current ratio of 0.88 and a debt-to-equity ratio of 2.28.

Kroger (NYSE:KR) last posted its earnings results on Thursday, December 4th. The company reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $1.03 by $0.02. Kroger had a return on equity of 38.06% and a net margin of 0.54%.The business had revenue of $33.86 billion for the quarter, compared to analyst estimates of $34.27 billion. During the same period in the previous year, the firm earned $0.98 EPS. The firm’s revenue was up .7% compared to the same quarter last year. Kroger has set its FY 2025 guidance at 4.750-4.800 EPS. On average, analysts anticipate that The Kroger Co. will post 4.44 earnings per share for the current year.

Wall Street Analysts Forecast Growth

KR has been the topic of a number of recent research reports. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $80.00 target price (down previously from $82.00) on shares of Kroger in a research report on Monday, December 1st. Weiss Ratings restated a “hold (c)” rating on shares of Kroger in a research note on Monday, December 22nd. Citigroup reiterated a “neutral” rating and set a $68.00 price objective (down previously from $74.00) on shares of Kroger in a research note on Wednesday, December 10th. Wall Street Zen downgraded Kroger from a “buy” rating to a “hold” rating in a report on Saturday. Finally, Roth Capital raised shares of Kroger from a “neutral” rating to a “buy” rating and set a $75.00 target price for the company in a research note on Wednesday, September 17th. Eight analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat, Kroger has an average rating of “Hold” and an average price target of $74.13.

About Kroger

The Kroger Co (NYSE: KR) is one of the largest supermarket operators in the United States, offering a wide range of retail grocery and related services. Founded in Cincinnati in 1883 by Bernard Kroger, the company operates a portfolio of supermarket and multi-department store banners and provides customers with fresh foods, packaged groceries, deli and bakery items, meat and seafood, produce, and prepared foods. Kroger’s stores commonly include pharmacy services and fuel centers, positioning the company as a broad-based neighborhood retail destination for everyday needs.

In addition to traditional in-store retailing, Kroger manufactures and distributes a variety of private-label brands and operates its own food production and supply-chain facilities.