KR Stock Summary and Trading Ideas (Kroger Company | NYSE:KR)

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.

Kroger Company trades on the NYSE stock market under the symbol KR.

As of April 19, 2024, KR stock price climbed to $56.19 with 1,355,397 million shares trading.

KR has a beta of -0.04, meaning it tends to be less sensitive to market movements. KR has a correlation of 0.00 to the broad based SPY ETF.

KR has a market cap of $40.42 billion. This is considered a Large Cap stock.

Last quarter Kroger Company reported $37 billion in Revenue and $1.34 earnings per share. This fell short of revenue expectation by $-46 million and exceeded earnings estimates by $.21.

In the last 3 years, KR stock traded as high as $62.78 and as low as $35.60.

The top ETF exchange traded funds that KR belongs to (by Net Assets): VTI, VOO, VO, SPY, IVV.

KR stock has underperformed the market in the last year with a return of +19.8%, while SPY returned +21.3%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in KR shares. However, KR has outperformed the market in the last 3 month and 2 week periods, returning +22.4% and -2.2%, while SPY returned +4.3% and -3.4%, respectively. This indicates KR has been having a stronger performance recently.

KR support price is $54.88 and resistance is $56.26 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that KR stock will trade within this expected range on the day.