Kroger stock is trading -6.8% below its average target price of $58.23 after marking a 1.8% during today's morning session. Analysts are giving the Large-Cap Food Chains company an average rating of buy and target prices ranging from $48.0 to $70.0 per share.
The stock has an average amount of shares sold short at 2.1%, and a short ratio of 1.92. The company's insiders own 7.61% of its outstanding shares, which indicates a strong alignment between management and shareholder interests. Finally, we also note that an average number of institutional investors are invested in the stock, with 75.8% of Kroger's shares being owned by this investor type.
Institutions Invested in Kroger
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2024-03-31 | Vanguard Group Inc | 11% | 80,759,441 | $4,382,814,900 |
| 2024-03-31 | Blackrock Inc. | 8% | 57,158,148 | $3,101,972,718 |
| 2024-03-31 | Berkshire Hathaway, Inc | 7% | 50,000,000 | $2,713,500,022 |
| 2024-03-31 | State Street Corporation | 4% | 31,765,800 | $1,723,929,980 |
| 2024-03-31 | Harris Associates L.P. | 3% | 24,367,263 | $1,322,411,374 |
| 2024-03-31 | Sanders Capital, LLC | 3% | 24,281,568 | $1,317,760,706 |
| 2024-03-31 | Geode Capital Management, LLC | 2% | 15,351,258 | $833,112,778 |
| 2024-03-31 | Capital World Investors | 2% | 14,488,860 | $786,310,438 |
| 2024-03-31 | Dimensional Fund Advisors LP | 2% | 12,867,631 | $698,326,340 |
| 2024-03-31 | Morgan Stanley | 1% | 10,076,929 | $546,874,941 |
Besides an analyst consensus of some upside potential, other market factors point to there being positive market sentiment on Kroger.
