Eubel Brady & Suttman Asset Management Inc. Has $8.79 Million Holdings in Kroger Co (KR)

Eubel Brady & Suttman Asset Management Inc. increased its position in Kroger Co (NYSE:KR) by 1.1% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 301,806 shares of the company’s stock after purchasing an additional 3,194 shares during the period. Kroger comprises about 2.6% of Eubel Brady & Suttman Asset Management Inc.’s investment portfolio, making the stock its 20th biggest holding. Eubel Brady & Suttman Asset Management Inc.’s holdings in Kroger were worth $8,786,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. lifted its position in Kroger by 2.3% in the 2nd quarter. BlackRock Inc. now owns 65,465,026 shares of the company’s stock worth $1,862,480,000 after buying an additional 1,490,831 shares in the last quarter. LSV Asset Management lifted its position in Kroger by 24.0% in the 3rd quarter. LSV Asset Management now owns 19,668,821 shares of the company’s stock worth $572,559,000 after buying an additional 3,812,207 shares in the last quarter. FMR LLC lifted its position in Kroger by 64.3% in the 3rd quarter. FMR LLC now owns 18,848,786 shares of the company’s stock worth $548,688,000 after buying an additional 7,375,253 shares in the last quarter. Franklin Resources Inc. lifted its position in Kroger by 31.9% in the 3rd quarter. Franklin Resources Inc. now owns 17,935,028 shares of the company’s stock worth $522,076,000 after buying an additional 4,332,791 shares in the last quarter. Finally, AQR Capital Management LLC raised its holdings in shares of Kroger by 2,400.4% during the 3rd quarter. AQR Capital Management LLC now owns 12,142,940 shares of the company’s stock valued at $353,481,000 after purchasing an additional 11,657,299 shares in the last quarter. 79.69% of the stock is owned by hedge funds and other institutional investors.

KR has been the topic of a number of recent research reports. Deutsche Bank downgraded shares of Kroger from a “hold” rating to a “sell” rating and cut their price target for the company from $30.00 to $24.00 in a report on Tuesday, October 9th. Bank of America restated a “buy” rating and set a $37.00 price target (up previously from $35.00) on shares of Kroger in a report on Friday, December 7th. Credit Suisse Group set a $33.00 price target on shares of Kroger and gave the company a “hold” rating in a report on Thursday, September 13th. Wells Fargo & Co raised their price target on shares of Kroger from $33.00 to $36.00 and gave the company an “outperform” rating in a report on Monday, September 10th. Finally, Morgan Stanley cut their price target on shares of Kroger from $28.00 to $27.00 and set a “hold” rating on the stock in a report on Thursday, September 27th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $31.67.

In other Kroger news, Director Robert D. Beyer sold 50,000 shares of the business’s stock in a transaction dated Wednesday, January 2nd. The shares were sold at an average price of $27.39, for a total value of $1,369,500.00. Following the completion of the transaction, the director now directly owns 230,722 shares of the company’s stock, valued at $6,319,475.58. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Michael Joseph Donnelly sold 27,400 shares of the business’s stock in a transaction dated Thursday, December 13th. The stock was sold at an average price of $29.60, for a total transaction of $811,040.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 188,198 shares of company stock valued at $5,329,852. Insiders own 1.07% of the company’s stock.

Shares of Kroger stock traded up $0.54 during trading on Tuesday, hitting $28.46. 6,062,146 shares of the company’s stock traded hands, compared to its average volume of 7,792,980. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.25 and a current ratio of 0.73. Kroger Co has a twelve month low of $22.85 and a twelve month high of $32.74. The firm has a market cap of $22.07 billion, a P/E ratio of 13.95, a price-to-earnings-growth ratio of 1.91 and a beta of 0.82.

Kroger (NYSE:KR) last released its quarterly earnings results on Thursday, December 6th. The company reported $0.48 EPS for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.05. Kroger had a net margin of 2.99% and a return on equity of 26.64%. The firm had revenue of $27.67 billion for the quarter, compared to analyst estimates of $27.64 billion. During the same period in the previous year, the business earned $0.44 earnings per share. The company’s revenue for the quarter was down .3% compared to the same quarter last year. On average, equities analysts forecast that Kroger Co will post 2.13 earnings per share for the current fiscal year.

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Kroger Profile

The Kroger Co, together with its subsidiaries, operates as a retailer in the United States. It also manufactures and processes food products for sale in its supermarkets. The company operates supermarkets, multi-department stores, jewelry stores, and convenience stores. Its combination food and drug stores offer natural food and organic sections, pharmacies, general merchandise, pet centers, fresh seafood, and organic produce; multi-department stores provide general merchandise items, such as apparel, home fashion and furnishings, outdoor living, electronics, automotive products, toys, and fine jewelry; and price impact warehouse stores offer grocery, and health and beauty care items, as well as meat, dairy, baked goods, and fresh produce items.

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Institutional Ownership by Quarter for Kroger (NYSE:KR)

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