Gerstein Fisher buys $5.8 Million stake in The Kroger Co (KR)

The Kroger Co (KR) : Gerstein Fisher scooped up 6,285 additional shares in The Kroger Co during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 12, 2016. The investment management firm now holds a total of 165,913 shares of The Kroger Co which is valued at $5.8 Million.The Kroger Co makes up approximately 0.79% of Gerstein Fisher’s portfolio.

Other Hedge Funds, Including , Trustmark National Bank Trust Department boosted its stake in KR in the latest quarter, The investment management firm added 725 additional shares and now holds a total of 38,795 shares of The Kroger Co which is valued at $1.4 Million. The Kroger Co makes up approx 0.18% of Trustmark National Bank Trust Department’s portfolio.Savant Capital boosted its stake in KR in the latest quarter, The investment management firm added 380 additional shares and now holds a total of 11,820 shares of The Kroger Co which is valued at $412,045. The Kroger Co makes up approx 0.13% of Savant Capital’s portfolio.Wbi Investments boosted its stake in KR in the latest quarter, The investment management firm added 2,180 additional shares and now holds a total of 31,615 shares of The Kroger Co which is valued at $1.1 Million. The Kroger Co makes up approx 0.05% of Wbi Investments’s portfolio.Scout Investments boosted its stake in KR in the latest quarter, The investment management firm added 23,407 additional shares and now holds a total of 570,297 shares of The Kroger Co which is valued at $19.7 Million. The Kroger Co makes up approx 0.54% of Scout Investments’s portfolio.

The Kroger Co closed down -0.21 points or -0.60% at $34.62 with 61,74,013 shares getting traded on Friday. Post opening the session at $34.95, the shares hit an intraday low of $34.465 and an intraday high of $34.95 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, The Kroger Co reported $0.57 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Mar 3, 2016. Analyst had a consensus of $0.54. The company had revenue of $26165.00 million for the quarter, compared to analysts expectations of $26275.91 million. The company’s revenue was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.04 EPS.

Many Wall Street Analysts have commented on The Kroger Co. Piper Jaffray Initiated The Kroger Co on May 10, 2016 to “Underweight”, Price Target of the shares are set at $29.Sun Trust Rbsn Humphrey Initiated The Kroger Co on May 3, 2016 to “Neutral”, Price Target of the shares are set at $39.Shares were Reiterated by Pivotal Research Group on Mar 4, 2016 to “Buy” and Lowered the Price Target to $ 44 from a previous price target of $46 .

The Kroger Co. (Kroger) operates retail food and drug stores multi-department stores jewelry stores and convenience stores throughout the United States. The Company also manufactures and processes some of the food for sale in its supermarkets. The Company operated either directly or through its subsidiaries approximately 2625 supermarkets and multi-department stores approximately 1330 of which had fuel centers. Approximately 48% of these supermarkets were operated in Company-owned facilities including some Company-owned buildings on leased land. The Company operates its 2640 supermarket and multi-department stores under banners including Kroger City Market Dillons Food 4 Less Fred Meyer Fry’s Harris Teeter Jay C King Soopers QFC Ralphs and Smith’s. Of these stores 1330 have fuel centers. The Company also operates 782 convenience stores either directly or through franchisees 326 fine jewelry stores and an online retailer.

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