The Kroger Co. (KR)
63.33 USD +1.69 (+2.74%) Volume: 8.6M
The Kroger Co.’s stock price has seen a significant performance boost, currently trading at 63.33 USD, marking an impressive increase of +2.74% this trading session. With a substantial trading volume of 8.6M, the stock continues to display promising growth, reflected in its year-to-date (YTD) percentage change of +3.57%, indicating a robust investment opportunity.
Latest developments on The Kroger Co.
Today, Kroger Co‘s stock price saw movements following the launch of a virtual nutrition coaching program for loyalty members, providing personalized tips on eating healthier. Kroger Health introduced the OptUP™ Your Nutrition Coaching for Kroger Plus Loyalty Customers to assist individuals in achieving their wellness goals through expert dietitian consultations. Additionally, Evercore ISI adjusted Kroger’s price target to $72 from $67 and maintained an outperform rating. Amidst these developments, various financial institutions like Swedbank AB, Hantz Financial Services Inc., and Pacer Advisors Inc. increased their stock holdings in Kroger Co. The company also hit a new 52-week high after announcing a dividend, showcasing positive momentum despite facing challenges like the recent backlash over bag changes.
The Kroger Co. on Smartkarma
Analysts at Baptista Research have been closely following Kroger Co‘s financial performance in 2024. In their report titled “Kroger’s Earnings and Albertsons’ Lawsuit: What Investors Need to Know Now!”, they highlighted the company’s strengths and challenges amid market dynamics. Kroger’s pharmacy and digital sales saw solid gains, driven by competitive pricing and personalized offers. The report also noted a surge in digital engagement, with a 5% increase in digital offer clips leading to a 14% rise in customer savings.
Another report by Baptista Research, titled “The Kroger Co.: An Insight Into Its Competitive Positioning”, discussed the company’s performance in the second quarter of 2024. The analysts observed a mixed performance as Kroger continues to focus on a strategic operating model balancing customer-centricity and internal efficiencies. Revenue enhancements through digital sales channels and personalized promotions were highlighted as key factors contributing to Kroger’s competitive edge, especially with its own brands offerings.
A look at The Kroger Co. Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 4 | |
| Growth | 5 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores, Kroger Co has a positive long-term outlook. With a high score in Growth, the company is expected to see strong expansion and development in the future. Additionally, its above-average scores in Dividend and Momentum indicate good potential for investors looking for stable returns and a company with positive market momentum.
Although Kroger Co has slightly lower scores in Value and Resilience, the overall outlook remains optimistic. As a company that operates supermarkets and convenience stores, with a focus on manufacturing and processing food products, Kroger Co is well-positioned to continue its growth and maintain its strong market presence in the coming years.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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