In yesterday’s Wall Street session, Kroger Co. (NYSE:KR) shares traded at $56.69, down -1.61% from the previous session.
KR stock price is now 3.56% away from the 50-day moving average and 7.33% away from the 200-day moving average. The market capitalization of the company currently stands at $41.01B.
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With the price target of $56, Exane BNP Paribas recently initiated with Neutral rating for Kroger Co. (NYSE: KR). On June 18, 2024, BMO Capital Markets Upgraded its previous ‘Market Perform’ rating to ‘Outperform’ on the stock increasing its target price from $58 to quote $60, while ‘Wells Fargo’ rates the stock as ‘Overweight’
In other news, Nichols Brian W, Vice President & Controller sold 6,922 shares of the company’s stock on Oct 07 ’24. The stock was sold for $386,248 at an average price of $55.80. Upon completion of the transaction, the Vice President & Controller now directly owns 14,063 shares in the company, valued at $0.8 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 23 ’24, Senior Vice President Jabbar Valerie L. sold 3,000 shares of the business’s stock. A total of $167,730 was realized by selling the stock at an average price of $55.91. This leaves the insider owning 74,084 shares of the company worth $4.2 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 1.55, a current ratio of 0.87, and a quick ratio of 0.46. According to the stock market information, the enterprise value for the company is $61248118784, which is based on a 14.84 price-to-earnings ratio, a 2.47 price-to-earnings-growth ratio, and a beta of 0.47. The fifty day moving average price for KR is $54.7432 and a two-hundred day moving average price translates $52.8198 for the stock.
The latest earnings results from Kroger Co. (NYSE: KR) was released for 2021-05-22. The net profit margin was 1.85% and return on equity was 23.97% for KR. The company reported revenue of $33.91 billion for the quarter, compared to $33.85 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 0.17 percent.
