19-Apr-2024
Ibotta IPO jumps as investors continue to buy into AI hype (update)
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Ibotta IPO jumps as investors continue to buy into AI hype
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Maintaining Buy Rating on Kroger: Growth, Strategic Investments, and Positive Financial Outlook
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Kroger Invites Prospective Associates to Discover a Career
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Amazon expands its smart grocery cart initiative to third-party retailers
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Kroger Company (KR) Receives a Buy from Evercore ISI
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Sewing Down South for HD Designs Hits Kroger Stores Nationwide
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Kroger's could conduct 'huge' share repo if Albertson's merger shelved - analyst
Seeking Alpha News (Tue, 16-Apr 9:45 AM ET)
Kroger could conduct 'huge' share repo if Albertsons merger shelved - analyst
Seeking Alpha News (Tue, 16-Apr 9:45 AM ET)
Ibotta boosts IPO size as investors eye the AI-enhanced digital marketing play
Seeking Alpha News (Tue, 16-Apr 8:38 AM ET)
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 $56.57 with 3,906,951 million shares trading.
KR has a beta of -0.09, 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 $40.69 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 has outperformed the market in the last year with a price return of +21.6% while the SPY ETF gained +21.2%. KR has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +23.8% and -1.3%, respectively, while the SPY returned +3.0% and -4.5%, respectively.
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.