Dahlman Rose Starts Kroger (KR) at Buy, Continues to See Double-Digit Earnings Growth
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Price: $35.52 --0%
Rating Summary:
8 Buy, 6 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 10 | Down: 16 | New: 20
Rating Summary:
8 Buy, 6 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 10 | Down: 16 | New: 20
Trade KR Now!
Dahlman Rose initiates coverage on shares of Kroger (NYSE: KR) with a Buy rating and $28 price target.
The company has developed a well established business model based on low prices and a superior shopping experience. In the past, KR's sales growth has outperformed its conventional competitors by a wide margin.
KR has been able to shield itself from discount competitors and steal market share from other grocers. The company uses a multiple brand format which allows each store to tailor to its specific demographics. Its marketing partner dunnhumby has also helped in the process of gaining market share.
The firm reports, "KR believes 40% of share in its markets is accounted for by weaker players; growth can continue without the need for significantly higher capex."
Dahlman Rose's feels positive about the company's superior business model and management team and forecasts that it will be able to maintain its double-digit earnings growth over the long term.
For more ratings news on Kroger click here and for the rating history of Kroger click here.
Shares of Kroger closed at $24.98 yesterday, with a 52 week range of $19.67-$25.62.
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The company has developed a well established business model based on low prices and a superior shopping experience. In the past, KR's sales growth has outperformed its conventional competitors by a wide margin.
KR has been able to shield itself from discount competitors and steal market share from other grocers. The company uses a multiple brand format which allows each store to tailor to its specific demographics. Its marketing partner dunnhumby has also helped in the process of gaining market share.
The firm reports, "KR believes 40% of share in its markets is accounted for by weaker players; growth can continue without the need for significantly higher capex."
Dahlman Rose's feels positive about the company's superior business model and management team and forecasts that it will be able to maintain its double-digit earnings growth over the long term.
For more ratings news on Kroger click here and for the rating history of Kroger click here.
Shares of Kroger closed at $24.98 yesterday, with a 52 week range of $19.67-$25.62.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
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