Intrepid Capital Management Inc. raised its holdings in shares of Kroger Co (NYSE:KR) by 155.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 44,949 shares of the company’s stock after purchasing an additional 27,319 shares during the quarter. Intrepid Capital Management Inc.’s holdings in Kroger were worth $1,106,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in KR. Jacobs Levy Equity Management Inc. purchased a new stake in shares of Kroger during the first quarter worth about $1,061,000. SRB Corp purchased a new stake in shares of Kroger during the first quarter worth about $621,000. Marathon Trading Investment Management LLC purchased a new stake in shares of Kroger during the first quarter worth about $414,000. Taylor Asset Management Inc. grew its stake in shares of Kroger by 17.2% during the first quarter. Taylor Asset Management Inc. now owns 10,900 shares of the company’s stock worth $268,000 after acquiring an additional 1,600 shares during the last quarter. Finally, Westpac Banking Corp grew its stake in shares of Kroger by 57.5% during the first quarter. Westpac Banking Corp now owns 344,277 shares of the company’s stock worth $8,469,000 after acquiring an additional 125,744 shares during the last quarter. Institutional investors and hedge funds own 80.15% of the company’s stock.
NYSE:KR traded down $0.12 during trading hours on Friday, reaching $24.50. The company had a trading volume of 1,671,538 shares, compared to its average volume of 8,193,810. Kroger Co has a 1-year low of $22.44 and a 1-year high of $32.74. The company has a market capitalization of $19.87 billion, a PE ratio of 11.61, a PEG ratio of 1.48 and a beta of 0.71. The company has a current ratio of 0.76, a quick ratio of 0.28 and a debt-to-equity ratio of 1.54.
A number of equities research analysts recently commented on KR shares. Scotiabank set a $32.00 target price on Kroger and gave the stock a “buy” rating in a report on Friday, March 8th. Bank of America decreased their target price on Kroger from $37.00 to $30.00 and set a “buy” rating for the company in a report on Wednesday, May 29th. TheStreet downgraded Kroger from a “b-” rating to a “c+” rating in a report on Wednesday, June 5th. Morgan Stanley decreased their target price on Kroger from $27.00 to $26.00 and set an “equal weight” rating for the company in a report on Friday, March 8th. Finally, ValuEngine raised Kroger from a “sell” rating to a “hold” rating in a report on Thursday, April 11th. Four equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $29.84.
In other news, Director Robert D. Beyer sold 80,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $24.52, for a total transaction of $1,961,600.00. Following the completion of the transaction, the director now directly owns 126,800 shares of the company’s stock, valued at approximately $3,109,136. The sale was disclosed in a filing with the SEC, which is available at this link. Also, VP Michael Joseph Donnelly sold 10,916 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $25.83, for a total value of $281,960.28. Following the transaction, the vice president now directly owns 351,095 shares of the company’s stock, valued at $9,068,783.85. The disclosure for this sale can be found here. Insiders sold 108,416 shares of company stock valued at $2,694,175 over the last three months. 1.34% of the stock is currently owned by corporate insiders.
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Kroger Company Profile
The Kroger Co operates as a retailer in the United States. The company operates supermarkets, multi-department stores, marketplace stores, and price impact warehouse stores. Its combination food and drug stores offer natural food and organic sections, pharmacies, general merchandise, pet centers, fresh seafood, and organic produce; and multi-department stores provide apparel, home fashion and furnishings, outdoor living, electronics, automotive products, and toys.
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