Dahlman Rose Starts Kroger (KR) at Buy, Continues to See Double-Digit Earnings Growth
Tweet
Share
E-mailGet Alerts KR Hot Sheet
Price: $56.69 -0.26%
Rating Summary:
16 Buy, 19 Hold, 4 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
16 Buy, 19 Hold, 4 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Join SI Premium – FREE
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.
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.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Tesla plans 'flying' Roadster stunt at SpaceX Texas site as early as August
- SVB & T Corporation (SVBT) Tops Q2 EPS by 275c
- Zeo Energy Corp (ZEO) Misses Q2 EPS by 7c
Create E-mail Alert Related Categories
New CoverageRelated Entities
EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
