why The Kroger Co. [KR] is a Good Choice for Investors After New Price Target of $55.12


The Kroger Co. [NYSE: KR] traded at a high on 05/31/22, posting a 0.02 gain after which it closed the day’ session at $52.97. The company report on May 27, 2022 that The Kroger Co. Foundation Racial Equity Fund Announces $1 Million Grant to The Asian American Foundation.

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Non-profit works to strengthen AAPI advocacy and community.

The Kroger Co. (NYSE: KR) Foundation’s Racial Equity Fund (the fund) announced today a $1 million grant to The Asian American Foundation (TAAF). As a convener, incubator and funder committed to accelerating opportunity and prosperity for Asian American Pacific Islander (AAPI) communities, TAAF’s undertaking strongly aligns with the goals set forth in Kroger’s Framework for Action: Diversity, Equity & Inclusion.

The results of the trading session contributed to over 18040586 shares changing hands. Over the past one week, the price volatility of The Kroger Co. stands at 2.56% while the volatility over the past one month is 3.14%.

The market cap for KR stock reached $37.95 billion, with 735.00 million shares outstanding and 723.11 million shares in the current float. Compared to the average trading volume of 7.71M shares, KR reached a trading volume of 18040586 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about The Kroger Co. [KR]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for KR shares is $55.12 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on KR stock is a recommendation set at 2.80. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Exane BNP Paribas have made an estimate for The Kroger Co. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on April 22, 2022. While these analysts kept the previous recommendation, BofA Securities raised their target price from $61 to $75. The new note on the price target was released on April 08, 2022, representing the official price target for The Kroger Co. stock. Previously, the target price had yet another raise from $54 to $60, while Telsey Advisory Group kept a Outperform rating on KR stock. On March 01, 2022, analysts increased their price target for KR shares from 47 to 54.

The Average True Range (ATR) for The Kroger Co. is set at 1.68, with the Price to Sales ratio for KR stock in the period of the last 12 months amounting to 0.28. The Price to Book ratio for the last quarter was 4.12, with the Price to Cash per share for the same quarter was set at 2.54. Price to Free Cash Flow for KR in the course of the last twelve months was 12.71 with Quick ratio for the last quarter at 0.30.

How has KR stock performed recently?

The Kroger Co. [KR] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 5.48. With this latest performance, KR shares dropped by -1.83% in over the last four-week period, additionally plugging by 25.08% over the last 6 months – not to mention a rise of 42.09% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for KR stock in for the last two-week period is set at 49.84, with the RSI for the last a single of trading hit 55.01, and the three-weeks RSI is set at 48.64 for The Kroger Co. [KR]. The present Moving Average for the last 50 days of trading for this stock 55.37, while it was recorded at 52.15 for the last single week of trading, and 47.34 for the last 200 days.

The Kroger Co. [KR]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and The Kroger Co. [KR] shares currently have an operating margin of +2.71 and a Gross Margin at +19.96. The Kroger Co.’s Net Margin is presently recorded at +1.19.

Return on Equity for this stock inclined to 17.23, with Return on Assets sitting at 3.17.

The Kroger Co.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.30 and a Current Ratio set at 0.70.

Earnings analysis for The Kroger Co. [KR]

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for KR. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for The Kroger Co. go to 5.53%.

Insider trade positions for The Kroger Co. [KR]

There are presently around $30,388 million, or 81.10% of KR stock, in the hands of institutional investors. The top three institutional holders of KR stocks are: VANGUARD GROUP INC with ownership of 81,040,589, which is approximately 2.611% of the company’s market cap and around 0.70% of the total institutional ownership; BLACKROCK INC., holding 72,945,025 shares of the stock with an approximate value of $3.86 billion in KR stocks shares; and BERKSHIRE HATHAWAY INC, currently with $3.07 billion in KR stock with ownership of nearly -5.581% of the company’s market capitalization.

Positions in The Kroger Co. stocks held by institutional investors increased at the end of June and at the time of the June reporting period, where 498 institutional holders increased their position in The Kroger Co. [NYSE:KR] by around 30,448,054 shares. Additionally, 502 investors decreased positions by around 49,658,169 shares, while 154 investors held positions by with 493,681,056 shares. The mentioned changes placed institutional holdings at 573,787,279 shares, according to the latest SEC report filing. KR stock had 151 new institutional investments in for a total of 5,913,145 shares, while 88 institutional investors sold positions of 5,669,753 shares during the same period.