Northcoast lifts The Kroger Co. [KR] price estimate. Who else is bullish?

The Kroger Co. [NYSE: KR] surged by $0.41 during the normal trading session on Tuesday and reaching a high of $47.855 during the day while it closed the day at $47.76. The company report on March 21, 2023 that Kroger Delivery Arrives in Denver Metro Area.

Grocer serves more customers in Colorado, welcomes 200+ new associates.

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The Kroger Co. (NYSE: KR), America’s grocer, today announced its Customer Fulfillment Center (CFC) in Aurora, CO is open. This facility expands access to fresh, affordable food and provides more than 200 new associates with opportunities to grow their careers. Customers across the region can order Kroger’s fresh produce and trend-setting Our Brands products to be delivered directly to their doors by a friendly associate.

The Kroger Co. stock has also gained 1.23% of its value over the past 7 days. However, KR stock has inclined by 7.76% in the 3 months of the year. Over the past six months meanwhile, it has gained 0.65% and gained 7.13% year-on date.

The market cap for KR stock reached $34.45 billion, with 716.00 million shares outstanding and 711.31 million shares in the current float. Compared to the average trading volume of 5.19M shares, KR reached a trading volume of 4518654 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to 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 $51.50 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 2.50. 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.

Northcoast have made an estimate for The Kroger Co. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on March 20, 2023. The new note on the price target was released on March 03, 2023, representing the official price target for The Kroger Co. stock. Previously, the target price had yet another raise from $44 to $46, while Morgan Stanley kept a Equal-Weight rating on KR stock.

The Average True Range (ATR) for The Kroger Co. is set at 0.99, with the Price to Sales ratio for KR stock in the period of the last 12 months amounting to 0.23. The Price to Book ratio for the last quarter was 3.44, with the Price to Cash per share for the same quarter was set at 1.27. Price to Free Cash Flow for KR in the course of the last twelve months was 16.05 with Quick ratio for the last quarter at 0.30.

KR stock trade performance evaluation

The Kroger Co. [KR] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.23. With this latest performance, KR shares gained by 8.55% in over the last four-week period, additionally plugging by 0.65% over the last 6 months – not to mention a drop of -14.44% 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 62.07, with the RSI for the last a single of trading hit 63.68, and the three-weeks RSI is set at 59.78 for The Kroger Co. [KR]. The present Moving Average for the last 50 days of trading for this stock 45.26, while it was recorded at 47.46 for the last single week of trading, and 46.60 for the last 200 days.

The Kroger Co. [KR]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and The Kroger Co. [KR] shares currently have an operating margin of +2.78 and a Gross Margin at +19.43. The Kroger Co.’s Net Margin is presently recorded at +1.51.

Return on Total Capital for KR is now 13.68, given the latest momentum, and Return on Invested Capital for the company is 7.79. Return on Equity for this stock inclined to 23.06, with Return on Assets sitting at 4.43. When it comes to the capital structure of this company, The Kroger Co. [KR] has a Total Debt to Total Equity ratio set at 203.83. Additionally, KR Total Debt to Total Capital is recorded at 67.09, with Total Debt to Total Assets ending up at 41.21. Long-Term Debt to Equity for the company is recorded at 189.17, with the Long-Term Debt to Total Capital now at 62.26.

Receivables Turnover for the company is 73.00 with a Total Asset Turnover recorded at a value of 2.93.The Kroger Co.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.30 and a Current Ratio set at 0.80.

Earnings per share (EPS) analysis for The Kroger Co. [KR] stock

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 8.00%.

The Kroger Co. [KR]: Insider Ownership positions

There are presently around $27,184 million, or 81.30% of KR stock, in the hands of institutional investors. The top three institutional holders of KR stocks are: VANGUARD GROUP INC with ownership of 82,426,702, which is approximately 1.428% of the company’s market cap and around 0.70% of the total institutional ownership; BLACKROCK INC., holding 65,966,758 shares of the stock with an approximate value of $3.15 billion in KR stocks shares; and BERKSHIRE HATHAWAY INC, currently with $2.39 billion in KR stock with ownership of nearly -0.535% of the company’s market capitalization.

Positions in The Kroger Co. stocks held by institutional investors increased at the end of Thursday and at the time of the Thursday reporting period, where 518 institutional holders increased their position in The Kroger Co. [NYSE:KR] by around 42,042,356 shares. Additionally, 492 investors decreased positions by around 45,114,310 shares, while 159 investors held positions by with 482,017,363 shares. The mentioned changes placed institutional holdings at 569,174,029 shares, according to the latest SEC report filing. KR stock had 124 new institutional investments in for a total of 3,764,708 shares, while 107 institutional investors sold positions of 6,148,988 shares during the same period.


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