Elkfork Partners LLC reduced its stake in shares of Kroger Co (NYSE:KR) by 26.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 113,630 shares of the company’s stock after selling 40,656 shares during the period. Elkfork Partners LLC’s holdings in Kroger were worth $3,351,000 as of its most recent filing with the SEC.
A number of other large investors have also recently bought and sold shares of KR. Signature Estate & Investment Advisors LLC bought a new stake in shares of Kroger during the first quarter valued at about $102,000. Advantage Investment Management LLC acquired a new position in Kroger during the fourth quarter valued at approximately $110,000. Kernodle & Katon Asset Management Group LLC acquired a new position in Kroger during the third quarter valued at approximately $135,000. Baldwin Brothers Inc. MA increased its position in Kroger by 23.4% in the first quarter. Baldwin Brothers Inc. MA now owns 5,000 shares of the company’s stock valued at $147,000 after buying an additional 948 shares during the period. Finally, Physicians Financial Services Inc. increased its position in Kroger by 121.7% in the third quarter. Physicians Financial Services Inc. now owns 6,740 shares of the company’s stock valued at $200,000 after buying an additional 3,700 shares during the period. Hedge funds and other institutional investors own 77.10% of the company’s stock.
Kroger Co (NYSE:KR) opened at 30.09 on Tuesday. Kroger Co has a 52-week low of $28.29 and a 52-week high of $37.97. The firm has a 50 day moving average of $29.54 and a 200-day moving average of $31.67. The company has a market capitalization of $27.51 billion, a price-to-earnings ratio of 14.68 and a beta of 0.78.
Several research analysts have commented on the stock. Oppenheimer Holdings Inc. reissued an “outperform” rating and issued a $38.00 price target (up from $36.00) on shares of Kroger in a report on Wednesday, February 22nd. Zacks Investment Research upgraded shares of Kroger from a “sell” rating to a “hold” rating in a research report on Monday, February 20th. Vetr cut shares of Kroger from a “strong-buy” rating to a “buy” rating and set a $37.30 price objective on the stock. in a research report on Monday, February 13th. Barclays PLC restated an “equal weight” rating and set a $33.00 price objective on shares of Kroger in a research report on Tuesday, February 28th. Finally, Guggenheim reiterated a “buy” rating and issued a $40.00 target price on shares of Kroger in a research report on Tuesday, February 28th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and twelve have assigned a buy rating to the company. Kroger currently has a consensus rating of “Hold” and a consensus price target of $36.05. In related news, Director Ronald Sargent sold 4,465 shares of Kroger stock in a transaction dated Wednesday, March 29th. The stock was sold at an average price of $29.35, for a total transaction of $131,047.75. Following the completion of the sale, the director now owns 81,240 shares in the company, valued at approximately $2,384,394. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Christopher T. Hjelm sold 12,139 shares of Kroger stock in a transaction dated Wednesday, April 19th. The stock was sold at an average price of $30.00, for a total value of $364,170.00. Following the sale, the insider now owns 225,037 shares of the company’s stock, valued at approximately $6,751,110. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 74,604 shares of company stock valued at $2,234,714. Corporate insiders own 0.85% of the company’s stock.
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