JP Morgan upgraded Kroger from Neutral to Overweight and set a new price target of $54.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/18/2024 | $56.00 | Neutral | Exane BNP Paribas |
| 6/18/2024 | $58.00 → $60.00 | Market Perform → Outperform | BMO Capital Markets |
| 4/16/2024 | $58.00 → $65.00 | Equal Weight → Overweight | Wells Fargo |
| 4/8/2024 | $48.00 | Neutral → Underperform | Exane BNP Paribas |
| 3/28/2024 | $60.00 → $62.00 | Outperform | Telsey Advisory Group |
| 3/8/2024 | $55.00 → $60.00 | Outperform | Telsey Advisory Group |
| 2/27/2024 | $42.00 → $50.00 | Underweight → Equal Weight | Wells Fargo |
| 9/22/2023 | $52.00 | Hold | HSBC Securities |
CINCINNATI, Nov. 21, 2024 /PRNewswire/ -- The Kroger Co. (NYSE:KR) announced today it will host its third quarter 2024 earnings conference call at 10:00 a.m. ET on Thursday, December 5, 2024. Kroger's management team will comment on financial and operational results for the third quarter 2024. The presentation will broadcast online at ir.kroger.com. Click on "Quarterly Results" to access the event. An on-demand replay of the webcast will be available at approximately 1:00 p.m. ET on Thursday, December 5, 2024. About Kroger At The Kroger Co. (NYSE:KR), we are dedicated to our
Nourishing Change Conference will convene leaders across healthcare sectors for innovative dialogue and engagement on nutrition security, care delivery, community and mental well-being CINCINNATI, Oct. 18, 2024 /PRNewswire/ -- Kroger Health, the healthcare division of The Kroger Co. (NYSE:KR), today announced the Nourishing Change Conference, an inclusive summit on the future of health and wellbeing in America, will occur May 13 - 15, 2025 in Cincinnati, Ohio. This groundbreaking event is designed to explore the transformative power of nutrition, consumer product goods, technology, pharmacy, clinic, retail and other health interventions that can improve the holistic health of individuals and
CINCINNATI, Sept. 19, 2024 /PRNewswire/ -- The Kroger Co.'s (NYSE:KR) Board of Directors today declared a quarterly dividend of 32 cents per share to be paid on December 1, 2024, to shareholders of record as of the close of business on November 15, 2024. The company's quarterly dividend has grown at a 13.5% compounded annual growth rate since it was reinstated in 2006. The company continues to expect, subject to board approval, an increasing dividend over time. Kroger's capital allocation strategy is to use its free cash flow to invest in the business to drive long-term sustai
CINCINNATI, Nov. 21, 2024 /PRNewswire/ -- The Kroger Co. (NYSE:KR) announced today it will host its third quarter 2024 earnings conference call at 10:00 a.m. ET on Thursday, December 5, 2024. Kroger's management team will comment on financial and operational results for the third quarter 2024. The presentation will broadcast online at ir.kroger.com. Click on "Quarterly Results" to access the event. An on-demand replay of the webcast will be available at approximately 1:00 p.m. ET on Thursday, December 5, 2024. About Kroger At The Kroger Co. (NYSE:KR), we are dedicated to our
CINCINNATI, Nov. 20, 2024 /PRNewswire/ -- The Kroger Co. (NYSE:KR) today announced Kroger's senior vice president and chief people officer Tim Massa's induction to the National Academy of Human Resources (NAHR) as a fellow. NAHR fellows are recognized for their sustained achievements and contributions to their organizations, the HR profession and society at large. "We are extremely fortunate to have Tim Massa leading our associates, ensuring our teams enjoy a culture of opportunity, growth and careers with purpose," said Rodney McMullen, CEO of Kroger. "Tim leads by example, b
CINCINNATI, Nov. 19, 2024 /PRNewswire/ -- The Kroger Co. (NYSE:KR) (the "Company" or "Kroger") announced today that it has extended the expiration date of the previously announced offers to exchange (the "Exchange Offers") any and all outstanding notes (the "ACI Notes") of Albertsons Companies, Inc. (NYSE:ACI) ("ACI"), New Albertsons, L.P., Safeway Inc., Albertson's LLC, Albertsons Safeway LLC and American Stores Company, LLC, as applicable, for up to $7,441,608,000 aggregate principal amount of new notes to be issued by the Company (the "Kroger Notes") and cash. Additionally, Kroger announced today that it has extended the expiration date for the related solicitations of consents (collectiv
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Exane BNP Paribas initiated coverage of Kroger with a rating of Neutral and set a new price target of $56.00
BMO Capital Markets upgraded Kroger from Market Perform to Outperform and set a new price target of $60.00 from $58.00 previously
Wells Fargo upgraded Kroger from Equal Weight to Overweight and set a new price target of $65.00 from $58.00 previously
- Bloomberg
Albertsons Companies Inc (NYSE:ACI) reported first-quarter FY24 sales growth of 0.9% year-on-year to $24.27 billion, beating the analyst consensus estimate of $24.14 billion. The increase was driven by a 1.4% increase in identical sales, with strong growth in pharmacy sales driving the identical sales increase. Digital sales increased 23%. Gross margin rate expanded 10 basis points to 27.8%. The operating margin was 1.9%, and operating income for the quarter declined 26.1% to $459.6 million. The company held $291.1 million in cash and equivalents as of June 15. Operating cash flow totaled $960.9 million. Adjusted EBITDA of $1.183 billion decreased 10.2% Y/Y. Adjusted EPS of $0.66
The Nasdaq 100 closed higher by around 300 points during Monday's session. Investors, meanwhile, focused on some notable insider trades. When insiders sell shares, it could be a preplanned sale, or could indicate their concern in the company's prospects or that they view the stock as being overpriced. Insider sales should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a selling decision. Below is a look at a few recent notable insider sales. For more, check out Benzinga’s insider transactions platform. Best Buy The Trade: Best Buy Co., Inc. (NYSE:BBY) Richard M Schulze sold a total of 1,600,000 shares at an ave
Retailer drops price on zero-compromise shopping guide for the third year; more than $800 in savings available on holiday staples CINCINNATI, Nov. 14, 2024 /PRNewswire/ -- The Kroger Co. (NYSE:KR) today shared its zero-compromise Freshgiving meal offering customers a holiday basket that includes all the staples for less than $4.85 per person—even more affordable than the retailer's turkey day bundle last year. Complete with pumpkin pie, turkey at the center of the plate and plenty of fresh sides, this feast is sure to please. "As families gather together to give thanks and ref
Customers invited to join in and round up purchases; debuts commercial raising awareness around food insecurity CINCINNATI, Sept. 17, 2024 /PRNewswire/ -- The Kroger Co.'s (NYSE:KR) Zero Hunger | Zero Waste Foundation today announced its annual Hunger Action Month campaign, directing all funds raised in Kroger Family of Stores during the month of September to the Feeding America network of food banks in our communities. Customers can round up their purchase to the nearest dollar in their neighborhood store to help neighbors struggling with hunger. Hunger Action Month is an an
Boost by Kroger Plus members get exclusive access to more than $60 in savings during the two-week event CINCINNATI, July 8, 2024 /PRNewswire/ -- The Kroger Co. (NYSE:KR) today announced a mega-sales event giving Boost by Kroger Plus members exclusive access to even more benefits offered through their membership during Boost Bonus Days running July 10-July 23. "Boost by Kroger Plus offers members incredible savings every day, and those savings are about to get even bigger with Boost Bonus Days," said Tom Duncan, Kroger's vice president of Marketing. "Boost has already saved mem
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