Kroger Co. (NYSE:KR) shares traded -1.63% lower at $54.38 on Wall Street last session.
KR stock price is now -2.40% away from the 50-day moving average and 12.70% away from the 200-day moving average. The market capitalization of the company currently stands at $39.25B.
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With the price target enhanced from $58 to $65, Wells Fargo Upgraded its rating from Equal Weight to Overweight for Kroger Co. (NYSE: KR). On April 08, 2024, Exane BNP Paribas Downgraded its previous ‘Neutral’ rating to ‘Underperform’ on the stock keeping its target price maintained at $48, while ‘Telsey Advisory Group’ rates the stock as ‘Outperform’
In other news, Foley Todd A, Senior VP & Interim CFO sold 6,616 shares of the company’s stock on Apr 26 ’24. The stock was sold for $368,467 at an average price of $55.69. Upon completion of the transaction, the Senior VP & Interim CFO now directly owns 46,958 shares in the company, valued at $2.55 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 25 ’24, Senior Vice President Kimball Kenneth C sold 30,251 shares of the business’s stock. A total of $1,693,451 was realized by selling the stock at an average price of $55.98. This leaves the insider owning 105,298 shares of the company worth $5.73 million. A total of 0.80% of the company’s stock is owned by insiders.
During the past 12 months, Kroger Co. has had a low of $42.10 and a high of $58.34. As of last week, the company has a debt-to-equity ratio of 1.66, a current ratio of 0.81, and a quick ratio of 0.36.
According to the Grocery Stores Company, earnings per share came in at 1.51, beating analysts’ expectations of 1.46 by 0.05. This compares to $0.62 EPS in the same period last year. The net profit margin was 1.43% and return on equity was 19.82% for KR. The company reported revenue of $37.06 billion for the quarter, compared to $34.82 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 6.44 percent. For the current quarter, analysts expect KR to generate $45.04B in revenue.
