In yesterday’s Wall Street session, Kroger Co (NYSE:KR) shares traded at $58.57, down -0.32% from the previous session.
KR stock price is now -2.53% away from the 50-day moving average and 5.29% away from the 200-day moving average. The market capitalization of the company currently stands at $42.38B.
With the price target enhanced from $54 to $73, Jefferies Upgraded its rating from Hold to Buy for Kroger Co (NYSE: KR). On December 03, 2024, BMO Capital Markets Downgraded its previous ‘Outperform’ rating to ‘Market Perform’ on the stock keeping its target price maintained at $60, while ‘Telsey Advisory Group’ rates the stock as ‘Outperform’
In other news, Foley Todd A, Senior VP & Interim CFO sold 16,932 shares of the company’s stock on Dec 19 ’24. The stock was sold for $1,040,288 at an average price of $61.44. Upon completion of the transaction, the Senior VP & Interim CFO now directly owns 53,782 shares in the company, valued at $3.15 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 12 ’24, Senior Vice President Aitken Stuart sold 132,627 shares of the business’s stock. A total of $8,379,226 was realized by selling the stock at an average price of $63.18. This leaves the insider owning 217,523 shares of the company worth $12.74 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 $44.48 and a high of $63.59. As of last week, the company has a debt-to-equity ratio of 2.31, a current ratio of 1.54, and a quick ratio of 1.07. According to the stock market information, the enterprise value for the company is $63656681472, which is based on a 15.50 price-to-earnings ratio, a 3.10 price-to-earnings-growth ratio, and a beta of 0.46. The fifty day moving average price for KR is $60.1074 and a two-hundred day moving average price translates $55.6203 for the stock.
The latest earnings results from Kroger Co (NYSE: KR) was released for 2021-05-22. The net profit margin was 1.83% and return on equity was 22.78% 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. For the current quarter, analysts expect KR to generate $34.87B in revenue.
