In yesterday’s Wall Street session, Kroger Co. (NYSE:KR) shares traded at $52.99, down -0.60% from the previous session.
KR stock price is now -4.90% away from the 50-day moving average and 9.43% away from the 200-day moving average. The market capitalization of the company currently stands at $38.56B.
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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 $2.49 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 $5.58 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 stock market information, the enterprise value for the company is $58480521216, which is based on a 17.90 price-to-earnings ratio, a 2.24 price-to-earnings-growth ratio, and a beta of 0.43. The fifty day moving average price for KR is $55.6682 and a two-hundred day moving average price translates $48.44255 for the stock.
The latest earnings results from Kroger Co. (NYSE: KR) was released for 2021-05-22. 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.
Kroger Co.(KR) Company Profile
The Kroger Co. operates as a food and drug retailer in the United States. The company operates combination food and drug stores, multi-department stores, marketplace stores, and price impact warehouses. Its combination food and drug stores offer natural food and organic sections, pharmacies, general merchandise, pet centers, fresh seafood, and organic produce; and multi-department stores provide apparel, home fashion and furnishings, outdoor living, electronics, automotive products, and toys. The company’s marketplace stores offer full-service grocery, pharmacy, health and beauty care, and perishable goods, as well as general merchandise, including apparel, home goods, and toys; and price impact warehouse stores provide grocery, and health and beauty care items, as well as meat, dairy, baked goods, and fresh produce items. It also manufactures and processes food products for sale in its supermarkets and online; and sells fuel through fuel centers. The Kroger Co. was founded in 1883 and is based in Cincinnati, Ohio.
