Revolve Wealth Partners LLC Invests $208,000 in The Kroger Co. $KR

Revolve Wealth Partners LLC bought a new position in The Kroger Co. (NYSE:KR) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 2,902 shares of the company’s stock, valued at approximately $208,000.

Other hedge funds also recently bought and sold shares of the company. Accent Capital Management LLC bought a new stake in Kroger in the 1st quarter worth approximately $25,000. SOA Wealth Advisors LLC. lifted its position in Kroger by 6,840.0% in the 2nd quarter. SOA Wealth Advisors LLC. now owns 347 shares of the company’s stock worth $25,000 after buying an additional 342 shares during the last quarter. Garde Capital Inc. bought a new stake in Kroger in the 1st quarter worth approximately $31,000. Capital Analysts LLC bought a new stake in Kroger in the 1st quarter worth approximately $36,000. Finally, Sound Income Strategies LLC lifted its position in Kroger by 46.7% in the 1st quarter. Sound Income Strategies LLC now owns 550 shares of the company’s stock worth $37,000 after buying an additional 175 shares during the last quarter. Institutional investors own 80.93% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on KR shares. Wall Street Zen downgraded Kroger from a “strong-buy” rating to a “buy” rating in a research report on Sunday, September 21st. Barclays assumed coverage on Kroger in a research report on Monday, July 21st. They issued an “equal weight” rating and a $75.00 price objective for the company. Weiss Ratings reiterated a “buy (b)” rating on shares of Kroger in a research report on Wednesday, October 8th. Argus set a $85.00 price objective on Kroger in a research report on Thursday, September 18th. Finally, UBS Group reiterated a “neutral” rating and issued a $74.00 price objective (up previously from $66.00) on shares of Kroger in a research report on Monday, June 23rd. Ten research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat, Kroger has an average rating of “Moderate Buy” and a consensus target price of $73.53.

Kroger Price Performance

Shares of Kroger stock opened at $69.17 on Wednesday. The company has a quick ratio of 0.54, a current ratio of 0.95 and a debt-to-equity ratio of 1.85. The company has a market cap of $45.84 billion, a PE ratio of 17.56, a P/E/G ratio of 1.95 and a beta of 0.57. The business has a 50 day moving average of $68.33 and a 200 day moving average of $69.09. The Kroger Co. has a 52 week low of $55.19 and a 52 week high of $74.90.

Kroger (NYSE:KR) last announced its earnings results on Thursday, September 11th. The company reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $1.00 by $0.04. The company had revenue of $33.94 billion during the quarter, compared to the consensus estimate of $34.08 billion. Kroger had a return on equity of 32.62% and a net margin of 1.86%.The firm’s revenue for the quarter was up .1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.93 earnings per share. Kroger has set its FY 2025 guidance at 4.700-4.800 EPS. As a group, equities research analysts forecast that The Kroger Co. will post 4.44 earnings per share for the current year.

Kroger Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Friday, November 14th will be paid a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Friday, November 14th. Kroger’s dividend payout ratio is presently 35.53%.

Kroger Company Profile

The Kroger Co operates as a food and drug retailer in the United States. The company operates combination food and drug stores, multi-department stores, marketplace stores, and price impact warehouses. 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.