Kroger Company (KR) was Downgraded to a Hold Rating at Wells Fargo

Kroger Company (KRResearch Report) received a Hold rating from Wells Fargo analyst Edward Kelly yesterday. The company’s shares closed last Thursday at $30.88.

According to TipRanks.com, Kelly is a 4-star analyst with an average return of 10.8% and a 68.5% success rate. Kelly covers the Consumer Goods sector, focusing on stocks such as Ollie’s Bargain Outlet Holding, United Natural Foods, and Sprouts Farmers.

Kroger Company has an analyst consensus of Hold, with a price target consensus of $36.27, a 17.4% upside from current levels. In a report issued on November 20, Jefferies also assigned a Hold rating to the stock with a $33.00 price target.

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Kroger Company’s market cap is currently $25.03B and has a P/E ratio of 10.10. The company has a Price to Book ratio of 4.49.

Based on the recent corporate insider activity of 132 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of KR in relation to earlier this year.

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The Kroger Co. engages in the operation of retail food and drug stores, multi-department stores, jewellery stores, and convenience stores. It also manufactures and processes some of the food for sale in its supermarkets. The combination food and drug Stores are the primary food store format. The multi department stores sells a wide selection of general merchandise items such as apparel, home fashion and furnishings, electronics, automotive products, toys and fine jewellery. The marketplace stores offer full-service grocery and pharmacy departments as well as an expanded general merchandise area that includes outdoor living products, electronics, home goods and toys. The price impact warehouse stores offer a ‘no-frills, low cost’ warehouse format and feature everyday low prices plus promotions for a wide selection of grocery and health and beauty care items. The company was founded by Barney Kroger in 1883 and is headquartered in Cincinnati, OH.