Stocks of Kroger Co. (NYSE:KR) traded higher last session on Wall Street, up 0.75% to $52.37.
KR stock price is now -5.50% away from the 50-day moving average and 8.00% away from the 200-day moving average. The market capitalization of the company currently stands at $38.10B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
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 $2.46 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 $5.51 million. A total of 0.79% 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 $58016759808, which is based on a 17.69 price-to-earnings ratio, a 2.21 price-to-earnings-growth ratio, and a beta of 0.43. The fifty day moving average price for KR is $55.328 and a two-hundred day moving average price translates $48.51245 for the stock.
The latest earnings results from Kroger Co. (NYSE: KR) was released for 2021-05-22. 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 $45.05B in revenue.
