Bayforest Capital Ltd Invests $175,000 in The Kroger Co. $KR

Bayforest Capital Ltd purchased a new position in shares of The Kroger Co. (NYSE:KR) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 2,434 shares of the company’s stock, valued at approximately $175,000.

Other hedge funds have also modified their holdings of the company. Accent Capital Management LLC purchased a new position in shares of Kroger during the 1st quarter worth $25,000. SOA Wealth Advisors LLC. grew its holdings in shares of Kroger by 6,840.0% during the 2nd quarter. SOA Wealth Advisors LLC. now owns 347 shares of the company’s stock worth $25,000 after purchasing an additional 342 shares during the period. Garde Capital Inc. purchased a new position in shares of Kroger during the 1st quarter worth $31,000. Capital Analysts LLC purchased a new position in shares of Kroger during the 1st quarter worth $36,000. Finally, GKV Capital Management Co. Inc. purchased a new position in Kroger during the 1st quarter valued at about $38,000. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Kroger Price Performance

KR stock opened at $68.85 on Friday. The company has a debt-to-equity ratio of 1.85, a current ratio of 0.95 and a quick ratio of 0.54. The firm has a market capitalization of $45.63 billion, a P/E ratio of 17.47, a P/E/G ratio of 2.01 and a beta of 0.57. The business’s 50-day moving average is $68.14 and its two-hundred day moving average is $69.10. The Kroger Co. has a 1 year low of $55.60 and a 1 year high of $74.90.

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

Kroger Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Friday, November 14th will be given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend is Friday, November 14th. Kroger’s dividend payout ratio (DPR) is 35.53%.

Wall Street Analyst Weigh In

KR has been the subject of a number of research analyst reports. Weiss Ratings restated a “buy (b)” rating on shares of Kroger in a report on Wednesday, October 8th. UBS Group restated a “neutral” rating and set a $74.00 target price (up from $66.00) on shares of Kroger in a report on Monday, June 23rd. Telsey Advisory Group restated an “outperform” rating and set a $82.00 target price on shares of Kroger in a report on Thursday, September 11th. Morgan Stanley set a $76.00 target price on Kroger and gave the company an “equal weight” rating in a report on Monday, June 23rd. Finally, JPMorgan Chase & Co. restated a “neutral” rating and set a $75.00 target price (down from $82.00) on shares of Kroger in a report on Wednesday, August 20th. 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 data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $73.53.

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.