KrogerKR
Market Cap: 39.2B
About: Kroger is one of the largest grocery retailers in the United States with more than 2,700 stores across a portfolio of over 20 supermarket banners. The company touts its ingrained presence in US communities, citing that it is a top-two grocer in most of its major market areas. Over one fourth of Kroger's roughly $110 billion in nonperishable and fresh food sales (about 75% of revenue) stems from its private-label portfolio, of which the company manufactures about 30% of units via its 33 food production plants. The firm also operates fuel stations and pharmacies at 60% and 80% of its locations, respectively.
Employees: 414,000
Fund manager confidence
Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)
114% more funds holding in top 10
Funds holding in top 10: 7 [Q4 2023] → 15 (+8) [Q1 2024]
36% more first-time investments, than exits
New positions opened: 147 | Existing positions closed: 108
23% more capital invested
Capital invested by funds: $26.6B [Q4 2023] → $32.8B (+$6.23B) [Q1 2024]
20% more call options, than puts
Call options by funds: $500M | Put options by funds: $417M
4% more funds holding
Funds holding: 1,102 [Q4 2023] → 1,141 (+39) [Q1 2024]
0.98% less ownership
Funds ownership: 80.82% [Q4 2023] → 79.84% (-0.98%) [Q1 2024]
9% less repeat investments, than reductions
Existing positions increased: 400 | Existing positions reduced: 440
Research analyst outlook
22 Wall Street Analysts provided 1 year price forecasts over the past 6 months
22 analyst ratings
Argus Research Chris Graja | 33%upside $72 | Buy Maintained | 22 Jul 2024 |
Morgan Stanley Simeon Gutman | 5%upside $57 | Equal-Weight Maintained | 24 Jun 2024 |
JP Morgan Ken Goldman | 7%upside $58 | Overweight Maintained | 21 Jun 2024 |
Telsey Advisory Group Joseph Feldman | 14%upside $62 | Outperform Maintained | 21 Jun 2024 |
Evercore ISI Group Michael Montani | 11%upside $60 | Outperform Maintained | 20 Jun 2024 |
Financial journalist opinion
Based on 31 articles about KR published over the past 30 days