In yesterday’s Wall Street session, Kroger Co. (NYSE:KR) shares traded at $55.42, up 0.09% from the previous session.
KR stock price is now 8.15% away from the 50-day moving average and 17.48% away from the 200-day moving average. The market capitalization of the company currently stands at $40.00B.
With the price target maintained at $48, Exane BNP Paribas recently Downgraded its rating from Neutral to Underperform for Kroger Co. (NYSE: KR). On March 28, 2024, Telsey Advisory Group reiterated its ‘Outperform’ rating on the stock by increasing its target price from $60 to quote $62, while ‘Wells Fargo’ rates the stock as ‘Equal Weight’
In other news, FIKE CARIN L, Vice President and Treasurer sold 4,798 shares of the company’s stock on Sep 22 ’23. The stock was sold for $218,417 at an average price of $45.52. Upon completion of the transaction, the Vice President and Treasurer now directly owns 4,156 shares in the company, valued at $0.23 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 15 ’23, Vice President and Treasurer FIKE CARIN L sold 6,000 shares of the business’s stock. A total of $279,004 was realized by selling the stock at an average price of $46.50. This leaves the insider owning 44,090 shares of the company worth $2.44 million. A total of 0.81% 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 $56.14B, which is based on a 18.72 price-to-earnings ratio, a 2.34 price-to-earnings-growth ratio, and a beta of 0.48. The fifty day moving average price for KR is $51.43 and a two-hundred day moving average price translates $47.22 for the stock.
The latest earnings results from Kroger Co. (NYSE: KR) was released for May, 2021. According to the Grocery Stores Company, earnings per share came in at $1.34, beating analysts’ expectations of $1.13 by 0.21. 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.
