Stock of The Day: Will Kroger Co Short Squeeze Soon?

Stock of The Day: Will Kroger Co Short Squeeze Soon?

The stock of Kroger Co (NYSE:KR) is a huge mover today! About 10.30M shares traded hands. Kroger Co (NYSE:KR) has declined 5.96% since April 14, 2016 and is downtrending. It has underperformed by 10.65% the S&P500.
The move comes after 9 months negative chart setup for the $32.02 billion company. It was reported on Nov, 16 by We have $31.21 PT which if reached, will make NYSE:KR worth $2.56 billion less.

Kroger Co (NYSE:KR) Ratings Coverage

Out of 26 analysts covering Kroger (NYSE:KR), 16 rate it a “Buy”, 1 “Sell”, while 9 “Hold”. This means 62% are positive. Kroger has been the topic of 43 analyst reports since August 25, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating given on Thursday, September 3 by Vetr. The stock of Kroger Co (NYSE:KR) has “Neutral” rating given on Tuesday, May 3 by Suntrust Robinson. The rating was maintained by Argus Research on Monday, September 14 with “Buy”. Deutsche Bank maintained Kroger Co (NYSE:KR) on Thursday, September 17 with “Buy” rating. The rating was initiated by Piper Jaffray with “Underweight” on Tuesday, May 10. The rating was initiated by Barclays Capital on Friday, September 23 with “Equal-Weight”. The firm has “Neutral” rating by Credit Suisse given on Thursday, May 12. The rating was initiated by SunTrust with “Neutral” on Tuesday, May 3. The firm has “Strong Buy” rating by S&P Research given on Monday, September 14. The rating was upgraded by Goldman Sachs to “Buy” on Tuesday, July 26.

According to Zacks Investment Research, “Kroger Company is one of the larger grocery retailers in the United States. The company also manufactures and processes food for sale by its supermarkets. The company intends to develop new food and convenience store locations and will continue to assess existing stores as to possible replacement, remodeling, enlarging, or closing.”

Insitutional Activity: The institutional sentiment decreased to 0.72 in 2016 Q2. Its down 0.26, from 0.98 in 2016Q1. The ratio is negative, as 66 funds sold all Kroger Co shares owned while 323 reduced positions. 73 funds bought stakes while 207 increased positions. They now own 739.57 million shares or 2.27% less from 756.71 million shares in 2016Q1.
Aviva Pcl last reported 0.16% of its portfolio in the stock. Shelton owns 32,114 shares or 0.1% of their US portfolio. Mufg Americas Holdg last reported 0.01% of its portfolio in the stock. Mayo Invest Advisers holds 1.82% of its portfolio in Kroger Co (NYSE:KR) for 248,678 shares. Geode Capital Mngmt Limited Liability accumulated 0.14% or 7.26M shares. Los Angeles Equity Research last reported 0.16% of its portfolio in the stock. Price T Rowe Incorporated Md accumulated 3.90M shares or 0.03% of the stock. Fdx Advsr Incorporated has 59,156 shares for 0.1% of their US portfolio. Delta Asset Mngmt Lc Tn accumulated 0.02% or 2,370 shares. Marvin And Palmer Assoc holds 42,550 shares or 2.12% of its portfolio. Ridgeworth Capital Mgmt Limited Liability accumulated 0.03% or 94,622 shares. Jpmorgan Chase And last reported 0.24% of its portfolio in the stock. Dimensional Fund Advsrs Limited Partnership holds 0.05% or 2.45 million shares in its portfolio. Rathbone Brothers Public Ltd last reported 21,100 shares in the company. Keybank National Association Oh, a Ohio-based fund reported 56,140 shares.

Insider Transactions: Since July 8, 2016, the stock had 0 buys, and 2 sales for $1.42 million net activity. VAN OFLEN MARY ELIZABETH had sold 12,000 shares worth $454,176. Shares for $962,550 were sold by Dougherty Kevin M on Thursday, September 15.

KR Company Profile

The Kroger Co. (Kroger), incorporated on April 3, 1902, operates retail food and drug stores, multi-department stores, jewelry stores and convenience stores across the United States. The Firm also makes and processes food for sale in its supermarkets. The Firm operates through retail activities segment. The Firm operates, either directly or through its subsidiaries, approximately 2,778 retail food stores under a range of local banner names, approximately 1,387 of which have fuel centers. Approximately 42% of these supermarkets are operated in the Company-owned facilities, including a range of Company-owned buildings on leased land. The Company’s supermarkets are operated under combination food and drug stores (combo stores), multi-department stores, marketplace stores or price impact warehouses. The Company’s corporate brand products are primarily produced and sold in approximately three tiers. Private Selection is the brand designed to beat the gourmet or upscale brands. The banner brand includes Kroger, Ralphs, Fred Meyer and King Soopers. The Company’s other brands also include Simple Truth and Simple Truth Organic.

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