Kroger (KR) Upgraded by BMO Capital Markets to "Outperform"
Friday, July 22, 2021 1:32 PM

Equities research analysts at BMO Capital Markets upgraded shares of Kroger (NYSE: KR) from a "market perform" rating to an "outperform" rating in a research note to investors on Friday.

Separately, analysts at Citigroup (NYSE: C) reiterated a "hold" rating on shares of Kroger in a research note to investors on Tuesday, June 21st. Also, analysts at Jefferies raised their price target on shares of Kroger to $28.00 in a research note to investors on Friday, June 17th.

Shares of Kroger traded up 0.56% during mid-day trading on Monday, hitting $25.29. Kroger has a 52 week low of $19.67 and a 52 week high of $25.85. The stock's 50-day moving average is $24.46 and its 200-day moving average is $23.65. The company has a market cap of $15.303 billion and a price-to-earnings ratio of 13.60.

Kroger last announced its quarterly results on Thursday, June 16th. The company reported $0.70 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of $0.64 EPS by $0.06. The company’s quarterly revenue was up 11.0% on a year-over-year basis. On average, analysts predict that Kroger will post $0.33 EPS next quarter.

The Kroger Co. (Kroger) is a retailer in the United States. The Company also manufactures and processes some of the food for sale in its supermarkets. As of January 30, 2010, the Company operated, either directly or through its subsidiaries, 2,468 supermarkets and multi-department stores, 893 of which had fuel centers. The Company’s supermarket and multi-department stores operate under banners, including Kroger, Ralphs, Fred Meyer, Food 4 Less, King Soopers, Smith’s, Fry’s, Fry’s Marketplace, Dillons, QFC and City Market. Kroger operates 40 manufacturing plants, primarily bakeries and dairies. In addition to the supermarkets, it operated through subsidiaries, 777 convenience stores and 374 fine jewelry stores. Its fine jewelry stores located in malls are operated in leased locations. In addition, 87 convenience stores were operated through franchise agreements.

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