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Kroger
KR

$49.82
0.34%
 

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 position across 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

0
Funds holding %
of 6,702 funds
0
Analysts bullish %
of 22 analysts
0
News positive %
of 50 articles

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

Low target
$48
4%
downside
Avg. target
$59
18%
upside
High target
$65
30%
upside

22 analyst ratings

16 positive
73%
neutral
23%
negative
5%
Morgan Stanley
Simeon Gutman
14%upside
$57
Equal-Weight
Maintained
24 Jun 2024
JP Morgan
Ken Goldman
16%upside
$58
Overweight
Maintained
21 Jun 2024
Telsey Advisory Group
Joseph Feldman
24%upside
$62
Outperform
Maintained
21 Jun 2024
Evercore ISI Group
Michael Montani
20%upside
$60
Outperform
Maintained
20 Jun 2024
BMO Capital
Kelly Bania
20%upside
$60
Outperform
Upgraded
18 Jun 2024

Financial journalist opinion

Based on 50 articles about KR published over the past 30 days