Islay Capital Management LLC Has $168,000 Stock Position in The Kroger Co. $KR

Islay Capital Management LLC reduced its position in The Kroger Co. (NYSE:KR) by 75.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,683 shares of the company’s stock after selling 8,242 shares during the quarter. Islay Capital Management LLC’s holdings in Kroger were worth $168,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Ares Financial Consulting LLC bought a new position in Kroger in the fourth quarter worth $25,000. Princeton Global Asset Management LLC lifted its position in Kroger by 268.1% in the fourth quarter. Princeton Global Asset Management LLC now owns 416 shares of the company’s stock worth $26,000 after purchasing an additional 303 shares during the period. Avalon Trust Co bought a new position in Kroger in the third quarter worth $29,000. Lloyd Advisory Services LLC. bought a new position in Kroger in the fourth quarter worth $28,000. Finally, JPL Wealth Management LLC bought a new position in Kroger in the third quarter worth $31,000. 80.93% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Kroger in a research report on Monday, June 1st. Wells Fargo & Company cut Kroger from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $70.00 to $68.00 in a research report on Wednesday, February 25th. Erste Group Bank cut Kroger from a “buy” rating to a “hold” rating in a research report on Monday, April 27th. Wall Street Zen raised Kroger from a “hold” rating to a “buy” rating in a research report on Saturday, April 4th. Finally, UBS Group reissued a “neutral” rating on shares of Kroger in a report on Wednesday, June 10th. Nine analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $74.67.

More Kroger News

Here are the key news stories impacting Kroger this week:

• Positive Sentiment: Kroger is making aggressive price cuts to attract Walmart shoppers, which could support grocery traffic and sales volumes if the promotions resonate with value-focused consumers. Kroger makes play for Walmart customers with massive price cuts
• Positive Sentiment: Options activity suggests some traders are positioning for a stronger-than-expected earnings report, with Kroger set to report first-quarter results on June 18. Options Bulls Target Kroger Stock Before Earnings
• Neutral Sentiment: Analysts are expecting higher Q1 earnings and have been revising forecasts ahead of the report, which keeps investor focus on whether Kroger can meet expectations. Kroger Likely To Report Higher Q1 Earnings; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
• Neutral Sentiment: Kroger is also leaning into promotional giveaways, including a summer ice cream campaign, which may help customer engagement but is unlikely to move the stock much on its own. Kroger’s ice cream giveaway to celebrate summer is back
• Negative Sentiment: Kroger is doubling down on electronic shelf labels, a move that has drawn scrutiny from lawmakers and regulators over concerns about rapid price changes and possible surge pricing, which could hurt sentiment. Kroger’s Electronic Shelf Labels Test Regulatory Patience And Investor Expectations
• Negative Sentiment: Consumer-focused commentary questioning the value of some Kroger products may add to concerns about pricing power and shopper perception. 10 Kroger Products That Aren’t Worth It Anymore, And 10 That Are Still Must-Haves

Kroger Stock Down 1.0%

Shares of NYSE KR opened at $64.07 on Tuesday. The stock has a market cap of $39.25 billion, a PE ratio of 41.88, a PEG ratio of 1.82 and a beta of 0.43. The business has a fifty day moving average of $66.51 and a two-hundred day moving average of $66.54. The Kroger Co. has a 52-week low of $58.60 and a 52-week high of $76.58. The company has a debt-to-equity ratio of 2.66, a quick ratio of 0.42 and a current ratio of 0.80.

Kroger Profile

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.