Kroger (KR) September 13 weekly 52 straddle into quarter results
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Kroger (KR) PT Raised to $52 at Roth/MKM
September 13, 2024 1:00 PM EDTRoth/MKM analyst Bill Kirk raised the price target on Kroger (NYSE: KR) to $52.00 (from $50.00) while maintaining a Neutral rating.
The analyst comments "Kroger delivered a 2Q beat, but y/y earnings continue to contract. With a revised outlook of higher... More
Kroger (KR) PT Raised to $54 at Jefferies, 'Traffic Momentum Drives IDs, but Sustainability the Question'
September 12, 2024 4:52 PM EDTJefferies analyst Rob Dickerson raised the price target on Kroger (NYSE: KR) to $54.00 (from $53.00) while maintaining a Hold rating.
The analyst comments "KR's stock had a strong day post Q2 results as ID sales +1.2% was ~40 bps ahead of cons. and... More
Telsey Reiterates Outperform Rating on Kroger (KR)
September 12, 2024 4:35 PM EDTTelsey analyst Joseph Feldman reiterated an Outperform rating and $62.00 price target on Kroger (NYSE: KR).
The analyst comments "TAG Thesis: We continue to expect Kroger to benefit from its Leading with Fresh and Accelerating with Digital strategy. Krogers growth and market... More
Evercore ISI Reiterates Outperform Rating on Kroger (KR)
September 12, 2024 10:01 AM EDTEvercore ISI analyst Michael Montani reiterated an Outperform rating and $62.00 price target on Kroger (NYSE: KR).
The analyst comments "Kroger 2Q results featured positive ID sales (+1.2%) and growing traffic/households with FIFO gross margin (+42bps YoY) driving a 2 cent EPS beat ($0.93 v $0.91). Solid results overall, in light of concerns around a slowing core consumer and rising competitive intensity, in our view. Street EPS likely hovers around its prior $4.44, with the $4.30-$4.50 full year guide reiterated. We believe KRs multiple should improve with ID sales trending higher, the share loss gap narrowing, and... More
Kroger beats earnings expectations, raises sales outlook
September 12, 2024 8:20 AM EDTKroger (NYSE: KR) reported better-than-expected second-quarter earnings on Thursday, prompting the grocery chain to raise the low end of its full-year sales forecast. The company's stock rose 1.2% following the announcement.
Kroger posted adjusted earnings per share of $0.93 for the quarter ended August 12, surpassing analysts' estimates of $0.91. Revenue came in at $33.91 billion, slightly below the... More
